Explaining Enterprise Performance in Developing Countries with Business Climate Survey Data
This paper surveys the recent literature which examines the impact of business climate variables on productivity and growth in developing countries using enterprise surveys. Comparable enterprise surveys today cover some 70,000 firms in over 100 co...
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| Format: | Policy Research Working Paper |
| Language: | English |
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Washington, DC: World Bank
2012
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2008/12/10081704/explaining-enterprise-performance-developing-countries-business-climate-survey-data http://hdl.handle.net/10986/6295 |
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okr-10986-6295 |
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oai_dc |
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Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
| language |
English |
| topic |
ACCOUNTING AIRPORTS ALTERNATIVE TRANSPORT ALTERNATIVE TRANSPORT MODES AVAILABILITY OF CREDIT BALANCE SHEET BANK LOANS BANKING SERVICES BANKS BEST-PRACTICE BINDING CONSTRAINT BOTTLENECKS BUSINESS CLIMATE BUSINESS ENVIRONMENT BUSINESS ENVIRONMENTS BUSINESS INDICATORS BUSINESS SERVICES BUSINESSES CALCULATIONS CAPITAL ACCUMULATION CAPITAL GOODS CAPITAL STOCK COLLATERAL COLLATERAL REQUIREMENTS COMPETITION POLICIES COMPETITIVENESS COMPUTERS CONGESTION CORE BUSINESS COST ESTIMATES COST OF FINANCE COUNTRY DUMMIES COUNTRY FIXED EFFECTS COUNTRY-LEVEL INDICATORS CREDIT CONSTRAINTS CREDITS CUSTOMS CUSTOMS CLEARANCE DEMOCRACY DEVELOPING COUNTRIES DEVELOPING ECONOMIES DEVELOPMENT ECONOMICS DIRECT ROUTES DOMESTIC COMPETITION ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC PERFORMANCE ECONOMICS ECONOMIES OF SCALE ELASTICITIES ELECTRICITY ELECTRICITY INFRASTRUCTURE EMPLOYMENT EMPLOYMENT CREATION EMPLOYMENT GROWTH ENFORCEMENT OF REGULATIONS ENTERPRISE DEVELOPMENT ENTERPRISE SURVEY ENTERPRISE SURVEYS EQUIPMENT FINANCIAL CONSTRAINT FINANCIAL CONSTRAINTS FINANCIAL MANAGERS FINANCIAL MARKETS FINANCIAL OBSTACLES FINANCIAL SERVICES FIRM GROWTH FIRM PERFORMANCE FIXED INVESTMENT FOREIGN BANKS FOREIGN COMPETITION FOREIGN LABOR FOREIGN OWNERSHIP FOREIGN WORKERS GOOD GOVERNANCE GROWTH RATE GROWTH RATES HIGHWAY HIGHWAY CONSTRUCTION HIGHWAY IMPROVEMENT HIGHWAY PROGRAM HIGHWAYS HUMAN CAPITAL HUMAN RESOURCE INCOME INCOME GROUPS INCOME LEVEL INCOME RANGE INCOMES INDEBTEDNESS INDIVIDUAL FIRM INDUSTRIAL STRUCTURE INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE INFORMATION INNOVATION INSPECTION INSPECTIONS INTEREST RATES INVENTORIES INVESTMENT CLIMATE INVESTMENT DECISION INVESTMENT DECISIONS JOB CREATION LABOR FORCE LABOR FORCE GROWTH LABOR FORCE PARTICIPATION LABOR MARKETS LABOR REGULATIONS LABOR RELATIONS LARGE ENTERPRISE LARGE ENTERPRISES LARGE FIRMS LAW ENFORCEMENT LEGAL SYSTEM LOAN LOAN APPLICATION LOCAL BUSINESS LONG TERM FINANCE MACROECONOMIC ANALYSES MACROECONOMIC STABILITY MANUFACTURING MARKET BEHAVIOR MIDDLE-INCOME COUNTRIES MOBILE PHONES MORTALITY NEW JOBS NEW PRODUCTS NEW TECHNOLOGY OUTPUT PERFORMANCE INDICATORS PHONE LINE PHONE LINES PHYSICAL INFRASTRUCTURE POLICE POLITICAL ECONOMY POPULATION GROWTH POWER OUTAGE POWER OUTAGES PRIVATE INFRASTRUCTURE PRIVATE INVESTMENT PRIVATE PROPERTY PROBABILITY PRODUCTION TIME PRODUCTIVE CAPITAL PRODUCTIVITY PROPERTY RIGHTS PROSPERITY PUBLIC GOODS QUESTIONNAIRE QUESTIONNAIRES R&D RAILWAYS RAW DATA RED TAPE REGRESSION ANALYSES REGRESSION ANALYSIS REGULATORY ENVIRONMENT REGULATORY FRAMEWORK REGULATORY REQUIREMENTS RELIABILITY RESULT RESULTS ROAD ROADS ROUTE SALES SALES GROWTH SAVINGS SAVINGS RATE SEARCH SENIOR SERVICE RELIABILITY SKILL SHORTAGES SMALLER FIRMS SOCIAL BENEFITS SOCIAL CAPITAL STANDARDIZATION SUPPLIERS TAX TECHNOLOGICAL INFRASTRUCTURE TECHNOLOGICAL INNOVATION TELECOM TELECOMMUNICATIONS TELEPHONE TELEPHONE CONNECTION TELEPHONE SERVICE TELEPHONE SERVICES TRADE REFORMS TRANSIT TRANSITION COUNTRIES TRANSPORT TRANSPORTATION TRANSPORTATION INFRASTRUCTURE USES VALUABLE VEHICLES VOLATILITY WEALTH WEB |
| spellingShingle |
ACCOUNTING AIRPORTS ALTERNATIVE TRANSPORT ALTERNATIVE TRANSPORT MODES AVAILABILITY OF CREDIT BALANCE SHEET BANK LOANS BANKING SERVICES BANKS BEST-PRACTICE BINDING CONSTRAINT BOTTLENECKS BUSINESS CLIMATE BUSINESS ENVIRONMENT BUSINESS ENVIRONMENTS BUSINESS INDICATORS BUSINESS SERVICES BUSINESSES CALCULATIONS CAPITAL ACCUMULATION CAPITAL GOODS CAPITAL STOCK COLLATERAL COLLATERAL REQUIREMENTS COMPETITION POLICIES COMPETITIVENESS COMPUTERS CONGESTION CORE BUSINESS COST ESTIMATES COST OF FINANCE COUNTRY DUMMIES COUNTRY FIXED EFFECTS COUNTRY-LEVEL INDICATORS CREDIT CONSTRAINTS CREDITS CUSTOMS CUSTOMS CLEARANCE DEMOCRACY DEVELOPING COUNTRIES DEVELOPING ECONOMIES DEVELOPMENT ECONOMICS DIRECT ROUTES DOMESTIC COMPETITION ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC PERFORMANCE ECONOMICS ECONOMIES OF SCALE ELASTICITIES ELECTRICITY ELECTRICITY INFRASTRUCTURE EMPLOYMENT EMPLOYMENT CREATION EMPLOYMENT GROWTH ENFORCEMENT OF REGULATIONS ENTERPRISE DEVELOPMENT ENTERPRISE SURVEY ENTERPRISE SURVEYS EQUIPMENT FINANCIAL CONSTRAINT FINANCIAL CONSTRAINTS FINANCIAL MANAGERS FINANCIAL MARKETS FINANCIAL OBSTACLES FINANCIAL SERVICES FIRM GROWTH FIRM PERFORMANCE FIXED INVESTMENT FOREIGN BANKS FOREIGN COMPETITION FOREIGN LABOR FOREIGN OWNERSHIP FOREIGN WORKERS GOOD GOVERNANCE GROWTH RATE GROWTH RATES HIGHWAY HIGHWAY CONSTRUCTION HIGHWAY IMPROVEMENT HIGHWAY PROGRAM HIGHWAYS HUMAN CAPITAL HUMAN RESOURCE INCOME INCOME GROUPS INCOME LEVEL INCOME RANGE INCOMES INDEBTEDNESS INDIVIDUAL FIRM INDUSTRIAL STRUCTURE INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE INFORMATION INNOVATION INSPECTION INSPECTIONS INTEREST RATES INVENTORIES INVESTMENT CLIMATE INVESTMENT DECISION INVESTMENT DECISIONS JOB CREATION LABOR FORCE LABOR FORCE GROWTH LABOR FORCE PARTICIPATION LABOR MARKETS LABOR REGULATIONS LABOR RELATIONS LARGE ENTERPRISE LARGE ENTERPRISES LARGE FIRMS LAW ENFORCEMENT LEGAL SYSTEM LOAN LOAN APPLICATION LOCAL BUSINESS LONG TERM FINANCE MACROECONOMIC ANALYSES MACROECONOMIC STABILITY MANUFACTURING MARKET BEHAVIOR MIDDLE-INCOME COUNTRIES MOBILE PHONES MORTALITY NEW JOBS NEW PRODUCTS NEW TECHNOLOGY OUTPUT PERFORMANCE INDICATORS PHONE LINE PHONE LINES PHYSICAL INFRASTRUCTURE POLICE POLITICAL ECONOMY POPULATION GROWTH POWER OUTAGE POWER OUTAGES PRIVATE INFRASTRUCTURE PRIVATE INVESTMENT PRIVATE PROPERTY PROBABILITY PRODUCTION TIME PRODUCTIVE CAPITAL PRODUCTIVITY PROPERTY RIGHTS PROSPERITY PUBLIC GOODS QUESTIONNAIRE QUESTIONNAIRES R&D RAILWAYS RAW DATA RED TAPE REGRESSION ANALYSES REGRESSION ANALYSIS REGULATORY ENVIRONMENT REGULATORY FRAMEWORK REGULATORY REQUIREMENTS RELIABILITY RESULT RESULTS ROAD ROADS ROUTE SALES SALES GROWTH SAVINGS SAVINGS RATE SEARCH SENIOR SERVICE RELIABILITY SKILL SHORTAGES SMALLER FIRMS SOCIAL BENEFITS SOCIAL CAPITAL STANDARDIZATION SUPPLIERS TAX TECHNOLOGICAL INFRASTRUCTURE TECHNOLOGICAL INNOVATION TELECOM TELECOMMUNICATIONS TELEPHONE TELEPHONE CONNECTION TELEPHONE SERVICE TELEPHONE SERVICES TRADE REFORMS TRANSIT TRANSITION COUNTRIES TRANSPORT TRANSPORTATION TRANSPORTATION INFRASTRUCTURE USES VALUABLE VEHICLES VOLATILITY WEALTH WEB Dethier, Jean-Jacques Hirn, Maximilian Straub, Stéphane Explaining Enterprise Performance in Developing Countries with Business Climate Survey Data |
| relation |
Policy Research Working Paper; no. WPS 4792 |
| description |
This paper surveys the recent literature
which examines the impact of business climate variables on
productivity and growth in developing countries using
enterprise surveys. Comparable enterprise surveys today
cover some 70,000 firms in over 100 countries around the
world. The literature that has analyzed this data provides
evidence that a good business climate drives growth by
encouraging investment and higher productivity. Various
infrastructure, finance, security, competition and
regulation variables have been shown to significantly impact
firm performance. Section 1 of this paper outlines the
theoretical framework that underpins the investment climate
literature. Section 2 describes the available datasets and
surveys the key findings of the empirical literature, first
macroeconomic and then microeconomic studies. Particular
attention is paid to the robustness of the reported results.
Section 3 highlights important econometric issues common to
this literature and suggests a research agenda and possible
improvements in survey design. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Dethier, Jean-Jacques Hirn, Maximilian Straub, Stéphane |
| author_facet |
Dethier, Jean-Jacques Hirn, Maximilian Straub, Stéphane |
| author_sort |
Dethier, Jean-Jacques |
| title |
Explaining Enterprise Performance in Developing Countries with Business Climate Survey Data |
| title_short |
Explaining Enterprise Performance in Developing Countries with Business Climate Survey Data |
| title_full |
Explaining Enterprise Performance in Developing Countries with Business Climate Survey Data |
| title_fullStr |
Explaining Enterprise Performance in Developing Countries with Business Climate Survey Data |
| title_full_unstemmed |
Explaining Enterprise Performance in Developing Countries with Business Climate Survey Data |
| title_sort |
explaining enterprise performance in developing countries with business climate survey data |
| publisher |
Washington, DC: World Bank |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2008/12/10081704/explaining-enterprise-performance-developing-countries-business-climate-survey-data http://hdl.handle.net/10986/6295 |
| _version_ |
1764399815221837824 |
| spelling |
okr-10986-62952021-04-23T14:02:30Z Explaining Enterprise Performance in Developing Countries with Business Climate Survey Data Dethier, Jean-Jacques Hirn, Maximilian Straub, Stéphane ACCOUNTING AIRPORTS ALTERNATIVE TRANSPORT ALTERNATIVE TRANSPORT MODES AVAILABILITY OF CREDIT BALANCE SHEET BANK LOANS BANKING SERVICES BANKS BEST-PRACTICE BINDING CONSTRAINT BOTTLENECKS BUSINESS CLIMATE BUSINESS ENVIRONMENT BUSINESS ENVIRONMENTS BUSINESS INDICATORS BUSINESS SERVICES BUSINESSES CALCULATIONS CAPITAL ACCUMULATION CAPITAL GOODS CAPITAL STOCK COLLATERAL COLLATERAL REQUIREMENTS COMPETITION POLICIES COMPETITIVENESS COMPUTERS CONGESTION CORE BUSINESS COST ESTIMATES COST OF FINANCE COUNTRY DUMMIES COUNTRY FIXED EFFECTS COUNTRY-LEVEL INDICATORS CREDIT CONSTRAINTS CREDITS CUSTOMS CUSTOMS CLEARANCE DEMOCRACY DEVELOPING COUNTRIES DEVELOPING ECONOMIES DEVELOPMENT ECONOMICS DIRECT ROUTES DOMESTIC COMPETITION E-MAIL ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC PERFORMANCE ECONOMICS ECONOMIES OF SCALE ELASTICITIES ELECTRICITY ELECTRICITY INFRASTRUCTURE EMPLOYMENT EMPLOYMENT CREATION EMPLOYMENT GROWTH ENFORCEMENT OF REGULATIONS ENTERPRISE DEVELOPMENT ENTERPRISE SURVEY ENTERPRISE SURVEYS EQUIPMENT FINANCIAL CONSTRAINT FINANCIAL CONSTRAINTS FINANCIAL MANAGERS FINANCIAL MARKETS FINANCIAL OBSTACLES FINANCIAL SERVICES FIRM GROWTH FIRM PERFORMANCE FIXED INVESTMENT FOREIGN BANKS FOREIGN COMPETITION FOREIGN LABOR FOREIGN OWNERSHIP FOREIGN WORKERS GOOD GOVERNANCE GROWTH RATE GROWTH RATES HIGHWAY HIGHWAY CONSTRUCTION HIGHWAY IMPROVEMENT HIGHWAY PROGRAM HIGHWAYS HUMAN CAPITAL HUMAN RESOURCE INCOME INCOME GROUPS INCOME LEVEL INCOME RANGE INCOMES INDEBTEDNESS INDIVIDUAL FIRM INDUSTRIAL STRUCTURE INFRASTRUCTURE DEVELOPMENT INFRASTRUCTURE INFORMATION INNOVATION INSPECTION INSPECTIONS INTEREST RATES INVENTORIES INVESTMENT CLIMATE INVESTMENT DECISION INVESTMENT DECISIONS JOB CREATION LABOR FORCE LABOR FORCE GROWTH LABOR FORCE PARTICIPATION LABOR MARKETS LABOR REGULATIONS LABOR RELATIONS LARGE ENTERPRISE LARGE ENTERPRISES LARGE FIRMS LAW ENFORCEMENT LEGAL SYSTEM LOAN LOAN APPLICATION LOCAL BUSINESS LONG TERM FINANCE MACROECONOMIC ANALYSES MACROECONOMIC STABILITY MANUFACTURING MARKET BEHAVIOR MIDDLE-INCOME COUNTRIES MOBILE PHONES MORTALITY NEW JOBS NEW PRODUCTS NEW TECHNOLOGY OUTPUT PERFORMANCE INDICATORS PHONE LINE PHONE LINES PHYSICAL INFRASTRUCTURE POLICE POLITICAL ECONOMY POPULATION GROWTH POWER OUTAGE POWER OUTAGES PRIVATE INFRASTRUCTURE PRIVATE INVESTMENT PRIVATE PROPERTY PROBABILITY PRODUCTION TIME PRODUCTIVE CAPITAL PRODUCTIVITY PROPERTY RIGHTS PROSPERITY PUBLIC GOODS QUESTIONNAIRE QUESTIONNAIRES R&D RAILWAYS RAW DATA RED TAPE REGRESSION ANALYSES REGRESSION ANALYSIS REGULATORY ENVIRONMENT REGULATORY FRAMEWORK REGULATORY REQUIREMENTS RELIABILITY RESULT RESULTS ROAD ROADS ROUTE SALES SALES GROWTH SAVINGS SAVINGS RATE SEARCH SENIOR SERVICE RELIABILITY SKILL SHORTAGES SMALLER FIRMS SOCIAL BENEFITS SOCIAL CAPITAL STANDARDIZATION SUPPLIERS TAX TECHNOLOGICAL INFRASTRUCTURE TECHNOLOGICAL INNOVATION TELECOM TELECOMMUNICATIONS TELEPHONE TELEPHONE CONNECTION TELEPHONE SERVICE TELEPHONE SERVICES TRADE REFORMS TRANSIT TRANSITION COUNTRIES TRANSPORT TRANSPORTATION TRANSPORTATION INFRASTRUCTURE USES VALUABLE VEHICLES VOLATILITY WEALTH WEB This paper surveys the recent literature which examines the impact of business climate variables on productivity and growth in developing countries using enterprise surveys. Comparable enterprise surveys today cover some 70,000 firms in over 100 countries around the world. The literature that has analyzed this data provides evidence that a good business climate drives growth by encouraging investment and higher productivity. Various infrastructure, finance, security, competition and regulation variables have been shown to significantly impact firm performance. Section 1 of this paper outlines the theoretical framework that underpins the investment climate literature. Section 2 describes the available datasets and surveys the key findings of the empirical literature, first macroeconomic and then microeconomic studies. Particular attention is paid to the robustness of the reported results. Section 3 highlights important econometric issues common to this literature and suggests a research agenda and possible improvements in survey design. 2012-05-21T22:13:41Z 2012-05-21T22:13:41Z 2008-12 http://documents.worldbank.org/curated/en/2008/12/10081704/explaining-enterprise-performance-developing-countries-business-climate-survey-data http://hdl.handle.net/10986/6295 English Policy Research Working Paper; no. WPS 4792 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC: World Bank Publications & Research :: Policy Research Working Paper Publications & Research |