Ecuador : Investment Climate Assessment
Improving the investment climate in Ecuador is essential for taking advantage of the opportunities provided by a Free Trade Agreement with the US., as well as for promoting sustained growth and poverty reduction, through higher levels of productivity growth and foreign direct investment. A free trad...
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| Format: | Investment Climate Assessment (ICA) |
| Language: | English en_US |
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2012
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| Online Access: | http://documents.worldbank.org/curated/en/2005/04/5846457/ecuador-investment-climate-assessment http://hdl.handle.net/10986/8571 |
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okr-10986-85712021-04-23T14:02:39Z Ecuador : Investment Climate Assessment World Bank ACCOUNTING BANK LOANS BANKING SYSTEM CAPITAL GOODS CENTRAL AMERICAN COMPETITIVENESS CUSTOMS CUSTOMS PROCEDURES DEVELOPMENT ECONOMICS DYNAMIC GAINS ECONOMICS RESEARCH EMPLOYMENT EXPECTED RETURNS EXPENDITURES EXPORTS FINANCIAL INSTITUTIONS FINANCIAL SYSTEM FISH FOREIGN BANKS FOREIGN OWNERSHIP FOREIGN TECHNOLOGIES FOREIGN TRADE FREE TRADE FREE TRADE AGREEMENT GDP GROSS DOMESTIC PRODUCT HUMAN CAPITAL IMPORTED INPUTS IMPORTS INNOVATIONS INTEREST RATE INTEREST RATES INTERNATIONAL TRADE INVESTMENT CLIMATE LABOR PRODUCTIVITY LABOR REGULATIONS MARKET SHARES NATURAL RESOURCES NET INFLOWS OIL PATENTS PHONE LINE POTENTIAL INVESTORS PRIVATE SECTOR PRODUCTIVITY GROWTH PRODUCTIVITY INCREASES PUBLIC PROCUREMENT RESEARCH & DEVELOPMENT TAX RATES TECHNOLOGICAL INNOVATIONS TECHNOLOGY TRANSFER TELECOMMUNICATION TELECOMMUNICATION SERVICES TELECOMMUNICATIONS TELEPHONE LINES TELEPHONE SERVICES TELEPHONES TRADE FACILITATION TRADE LIBERALIZATION TRAINING ACTIVITIES TRANSPORT TRANSPORT COSTS TRANSPORT PROBLEMS UNEMPLOYMENT VALUE ADDED WELFARE GAINS WORKING CAPITAL WORLD ECONOMY Improving the investment climate in Ecuador is essential for taking advantage of the opportunities provided by a Free Trade Agreement with the US., as well as for promoting sustained growth and poverty reduction, through higher levels of productivity growth and foreign direct investment. A free trade agreement with the U.S. would provide an important opportunity for increasing Ecuador's degree of integration in the world economy. However, the welfare gains from such a treaty depend on the country's ability to adjust the structure of its economy, as a response to the changes in relative prices caused by trade liberalization, while at the same time avoiding substantial increases in unemployment. Such an efficient adjustment process requires, in turn, that Ecuador manages to improve its overall investment climate, so that resources can move towards the sectors in which their productivity is highest. This report identifies the critical constraints on firms' productivity in Ecuador, and provides policy recommendations for addressing them. The analysis presented hereby is based on a detailed evaluation of the investment climate in Ecuador, using a unique database of manufacturing firms interviewed. The Investment Climate Survey (ICs) covers a stratified sample of firms, and encompasses five provinces - Azuay, Guayas, Manabi, Pichincha and Tungurahua - and manufacturing sectors - oil-derived products, food, beverages, textiles, garments, leather products, wood products, chemicals, rubber and plastic products, and metal products. The results of the ICs indicate that deficiencies in all five areas of the investment climate affect the productivity of Ecuadorian firms, and increase their cost of doing business. Overall, the combined results of intra-national, and international simulations suggest that a national agenda aimed at improving the investment climate, should encompass actions to achieve at least the following objectives: Reduce delays at customs; Reduce the current levels of criminality and corruption; Improve the reliability of infrastructure services; Make bank finance available to a larger fraction of Ecuadorian firms; Increase the amounts of resources invested by firms in research and development activities. The report combines the results of the ICs with other sources of information, in an attempt to provide a diagnosis of the problems that are found in each of the areas of the investment climate that were found to be of greater importance. 2012-06-20T19:59:43Z 2012-06-20T19:59:43Z 2005-04 http://documents.worldbank.org/curated/en/2005/04/5846457/ecuador-investment-climate-assessment http://hdl.handle.net/10986/8571 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Economic & Sector Work :: Investment Climate Assessment (ICA) Economic & Sector Work Latin America & Caribbean America South America Ecuador |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCOUNTING BANK LOANS BANKING SYSTEM CAPITAL GOODS CENTRAL AMERICAN COMPETITIVENESS CUSTOMS CUSTOMS PROCEDURES DEVELOPMENT ECONOMICS DYNAMIC GAINS ECONOMICS RESEARCH EMPLOYMENT EXPECTED RETURNS EXPENDITURES EXPORTS FINANCIAL INSTITUTIONS FINANCIAL SYSTEM FISH FOREIGN BANKS FOREIGN OWNERSHIP FOREIGN TECHNOLOGIES FOREIGN TRADE FREE TRADE FREE TRADE AGREEMENT GDP GROSS DOMESTIC PRODUCT HUMAN CAPITAL IMPORTED INPUTS IMPORTS INNOVATIONS INTEREST RATE INTEREST RATES INTERNATIONAL TRADE INVESTMENT CLIMATE LABOR PRODUCTIVITY LABOR REGULATIONS MARKET SHARES NATURAL RESOURCES NET INFLOWS OIL PATENTS PHONE LINE POTENTIAL INVESTORS PRIVATE SECTOR PRODUCTIVITY GROWTH PRODUCTIVITY INCREASES PUBLIC PROCUREMENT RESEARCH & DEVELOPMENT TAX RATES TECHNOLOGICAL INNOVATIONS TECHNOLOGY TRANSFER TELECOMMUNICATION TELECOMMUNICATION SERVICES TELECOMMUNICATIONS TELEPHONE LINES TELEPHONE SERVICES TELEPHONES TRADE FACILITATION TRADE LIBERALIZATION TRAINING ACTIVITIES TRANSPORT TRANSPORT COSTS TRANSPORT PROBLEMS UNEMPLOYMENT VALUE ADDED WELFARE GAINS WORKING CAPITAL WORLD ECONOMY |
| spellingShingle |
ACCOUNTING BANK LOANS BANKING SYSTEM CAPITAL GOODS CENTRAL AMERICAN COMPETITIVENESS CUSTOMS CUSTOMS PROCEDURES DEVELOPMENT ECONOMICS DYNAMIC GAINS ECONOMICS RESEARCH EMPLOYMENT EXPECTED RETURNS EXPENDITURES EXPORTS FINANCIAL INSTITUTIONS FINANCIAL SYSTEM FISH FOREIGN BANKS FOREIGN OWNERSHIP FOREIGN TECHNOLOGIES FOREIGN TRADE FREE TRADE FREE TRADE AGREEMENT GDP GROSS DOMESTIC PRODUCT HUMAN CAPITAL IMPORTED INPUTS IMPORTS INNOVATIONS INTEREST RATE INTEREST RATES INTERNATIONAL TRADE INVESTMENT CLIMATE LABOR PRODUCTIVITY LABOR REGULATIONS MARKET SHARES NATURAL RESOURCES NET INFLOWS OIL PATENTS PHONE LINE POTENTIAL INVESTORS PRIVATE SECTOR PRODUCTIVITY GROWTH PRODUCTIVITY INCREASES PUBLIC PROCUREMENT RESEARCH & DEVELOPMENT TAX RATES TECHNOLOGICAL INNOVATIONS TECHNOLOGY TRANSFER TELECOMMUNICATION TELECOMMUNICATION SERVICES TELECOMMUNICATIONS TELEPHONE LINES TELEPHONE SERVICES TELEPHONES TRADE FACILITATION TRADE LIBERALIZATION TRAINING ACTIVITIES TRANSPORT TRANSPORT COSTS TRANSPORT PROBLEMS UNEMPLOYMENT VALUE ADDED WELFARE GAINS WORKING CAPITAL WORLD ECONOMY World Bank Ecuador : Investment Climate Assessment |
| geographic_facet |
Latin America & Caribbean America South America Ecuador |
| description |
Improving the investment climate in Ecuador is essential for taking advantage of the opportunities provided by a Free Trade Agreement with the US., as well as for promoting sustained growth and poverty reduction, through higher levels of productivity growth and foreign direct investment. A free trade agreement with the U.S. would provide an important opportunity for increasing Ecuador's degree of integration in the world economy. However, the welfare gains from such a treaty depend on the country's ability to adjust the structure of its economy, as a response to the changes in relative prices caused by trade liberalization, while at the same time avoiding substantial increases in unemployment. Such an efficient adjustment process requires, in turn, that Ecuador manages to improve its overall investment climate, so that resources can move towards the sectors in which their productivity is highest. This report identifies the critical constraints on firms' productivity in Ecuador, and provides policy recommendations for addressing them. The analysis presented hereby is based on a detailed evaluation of the investment climate in Ecuador, using a unique database of manufacturing firms interviewed. The Investment Climate Survey (ICs) covers a stratified sample of firms, and encompasses five provinces - Azuay, Guayas, Manabi, Pichincha and Tungurahua - and manufacturing sectors - oil-derived products, food, beverages, textiles, garments, leather products, wood products, chemicals, rubber and plastic products, and metal products. The results of the ICs indicate that deficiencies in all five areas of the investment climate affect the productivity of Ecuadorian firms, and increase their cost of doing business. Overall, the combined results of intra-national, and international simulations suggest that a national agenda aimed at improving the investment climate, should encompass actions to achieve at least the following objectives: Reduce delays at customs; Reduce the current levels of criminality and corruption; Improve the reliability of infrastructure services; Make bank finance available to a larger fraction of Ecuadorian firms; Increase the amounts of resources invested by firms in research and development activities. The report combines the results of the ICs with other sources of information, in an attempt to provide a diagnosis of the problems that are found in each of the areas of the investment climate that were found to be of greater importance. |
| format |
Economic & Sector Work :: Investment Climate Assessment (ICA) |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
Ecuador : Investment Climate Assessment |
| title_short |
Ecuador : Investment Climate Assessment |
| title_full |
Ecuador : Investment Climate Assessment |
| title_fullStr |
Ecuador : Investment Climate Assessment |
| title_full_unstemmed |
Ecuador : Investment Climate Assessment |
| title_sort |
ecuador : investment climate assessment |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2005/04/5846457/ecuador-investment-climate-assessment http://hdl.handle.net/10986/8571 |
| _version_ |
1764404950137307136 |