Does the Investment Climate Matter? Microeconomic Foundations of Growth in Latin America
This book aims to fill that gap by using extensive and new firm-level data. It provides an alternative, albeit complementary, approach to previous studies of the determinants of the region's growth performance, which are mostly based on cross-...
| Main Authors: | , , |
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| Format: | Publication |
| Language: | English en_US |
| Published: |
Washington, DC : The World Bank
2012
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2008/01/10060787/investment-climate-matter-microeconomic-foundations-growth-latin-america http://hdl.handle.net/10986/6300 |
| Summary: | This book aims to fill that gap by using
extensive and new firm-level data. It provides an
alternative, albeit complementary, approach to previous
studies of the determinants of the region's growth
performance, which are mostly based on cross-country
regressions using aggregate data. This book uses the
information contained in enterprise surveys performed in 16
Latin American and Caribbean countries, covering more than
10,000 firms. These data are complemented with information
from household surveys, as well as from enterprise surveys
performed in other regions of the world. The analysis in
this volume covers topics that have also been stressed by
other authors, such as the need to make progress in the
areas of financial sector development, export promotion, and
innovation policy. The book's contribution in this
regard is to inform the corresponding policy debates with
evidence on the effect of different policy environments on
firm performance. Overall this book will contribute to
identifying some of the underlying factors that are driving
Latin America's lackluster growth performance. In
particular, objective is to improve our understanding of the
policies that could have a larger influence on increasing
growth and productivity in the region, by means of improving
the environment in which firms invest and operate. |
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