The Effects of Business Environments on Development : Surveying New Firm-level Evidence
In the past decade, the World Bank has promoted improving business environments as a key strategy for development, which has led to a significant effort in collecting surveys of the investment climate at the firm level across countries. The author examines the lessons that have emerged from the pape...
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| Format: | Journal Article |
| Language: | en_US |
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World Bank
2013
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| Online Access: | http://hdl.handle.net/10986/13518 |
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okr-10986-135182021-04-23T14:03:08Z The Effects of Business Environments on Development : Surveying New Firm-level Evidence Xu, Lixin Colin corporate taxes deregulation economic activity economic circumstances economic development economic growth empirical studies Environments government regulations market competition private property producers production costs property rights public goods retained earnings tax rates transaction costs unemployment wages In the past decade, the World Bank has promoted improving business environments as a key strategy for development, which has led to a significant effort in collecting surveys of the investment climate at the firm level across countries. The author examines the lessons that have emerged from the papers using these new data. The key finding is that the effects of business environments are heterogeneous and depend crucially on industry, initial conditions, and complementary institutions. Some elements of the business environment, such as labor flexibility, low entry and exit barriers, and a reasonable protection from the “grabbing hands” of the government, seem to matter a great deal for most economies. Other elements, such as infrastructure and contracting institutions (that is, courts and access to finance), hinge on their initial status and the size of the market. 2013-05-21T22:11:41Z 2013-05-21T22:11:41Z 2011-08-01 Journal Article World Bank Research Observer 1564-6971 doi:10.1093/wbro/lkq012 http://hdl.handle.net/10986/13518 en_US World Bank Research Observer;26(2) CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo/ World Bank World Bank Journal Article |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
en_US |
| topic |
corporate taxes deregulation economic activity economic circumstances economic development economic growth empirical studies Environments government regulations market competition private property producers production costs property rights public goods retained earnings tax rates transaction costs unemployment wages |
| spellingShingle |
corporate taxes deregulation economic activity economic circumstances economic development economic growth empirical studies Environments government regulations market competition private property producers production costs property rights public goods retained earnings tax rates transaction costs unemployment wages Xu, Lixin Colin The Effects of Business Environments on Development : Surveying New Firm-level Evidence |
| relation |
World Bank Research Observer;26(2) |
| description |
In the past decade, the World Bank has promoted improving business environments as a key strategy for development, which has led to a significant effort in collecting surveys of the investment climate at the firm level across countries. The author examines the lessons that have emerged from the papers using these new data. The key finding is that the effects of business environments are heterogeneous and depend crucially on industry, initial conditions, and complementary institutions. Some elements of the business environment, such as labor flexibility, low entry and exit barriers, and a reasonable protection from the “grabbing hands” of the government, seem to matter a great deal for most economies. Other elements, such as infrastructure and contracting institutions (that is, courts and access to finance), hinge on their initial status and the size of the market. |
| format |
Journal Article |
| author |
Xu, Lixin Colin |
| author_facet |
Xu, Lixin Colin |
| author_sort |
Xu, Lixin Colin |
| title |
The Effects of Business Environments on Development : Surveying New Firm-level Evidence |
| title_short |
The Effects of Business Environments on Development : Surveying New Firm-level Evidence |
| title_full |
The Effects of Business Environments on Development : Surveying New Firm-level Evidence |
| title_fullStr |
The Effects of Business Environments on Development : Surveying New Firm-level Evidence |
| title_full_unstemmed |
The Effects of Business Environments on Development : Surveying New Firm-level Evidence |
| title_sort |
effects of business environments on development : surveying new firm-level evidence |
| publisher |
World Bank |
| publishDate |
2013 |
| url |
http://hdl.handle.net/10986/13518 |
| _version_ |
1764423666269945856 |