Productivity, Ownership and the Investment Climate : International Lessons for Priorities in Serbia

The authors use data on 27,000 firms from 50 countries, half of which are transition economies, together with the case of Serbia to examine the relationship between productivity, the investment climate, and private ownership of firms. As government capacity to address investment climate constraints...

Full description

Bibliographic Details
Main Authors:	Goldberg, Itzhak, Radulovic, Branko, Schaffer, Mark
Format:	Policy Research Working Paper
Language:	English
Published:	World Bank, Washington, DC 2012
Subjects:	ACCOUNTING ACCOUNTING FRAMEWORK AGRICULTURE AUDITING AVERAGE RESPONSES BALANCE SHEET BANKRUPTCY BENCHMARK BUSINESS COMMUNITY BUSINESS DEVELOPMENT BUSINESS ENVIRONMENT BUSINESS SECTOR CAUSAL EFFECTS COMPETITIVENESS COMPLIANCE COSTS COMPOSITE MEASURES CONTRACT ENFORCEMENT CORPORATE GOVERNANCE CORRUPTION CRIME CUSTOMS EAST EUROPEAN ECONOMETRIC ANALYSIS ECONOMETRICS ECONOMIC GROWTH ECONOMIC PERFORMANCE EMPLOYMENT EMPLOYMENT GROWTH EXPORTS FINANCIAL SECTOR FINANCIAL SERVICES FOREIGN INVESTORS FOREIGN OWNERSHIP GDP GDP PER CAPITA GROWTH RATE GROWTH RATES IMPORTS INCOME INFLATION INVESTMENT CLIMATE LABOR FORCE LAWS LEGISLATION MACROECONOMIC CONDITIONS NEW ENTRANTS PERFORMANCE INDICATORS PERFORMANCE MEASURES POLICY DECISIONS POLICY IMPLICATIONS POLICY MAKERS POLICY REFORMS POLITICAL INSTABILITY POVERTY ALLEVIATION PRIME MINISTER PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRIVATIZATION PRIVATIZATION PROGRAM PRODUCTION FUNCTION PRODUCTIVITY PRODUCTIVITY GROWTH PROPERTY RIGHTS PUBLIC SERVICES REFORM PROGRAM REGIONAL COOPERATION REGRESSION ANALYSIS REGULATORY BURDEN REVERSE CAUSALITY SEWAGE STANDARD ERRORS STRUCTURAL ADJUSTMENT STRUCTURAL REFORMS TAXATION TECHNICAL ASSISTANCE TELECOMMUNICATIONS TOTAL FACTOR PRODUCTIVITY TRADE LIBERALIZATION TRANSITION COUNTRIES TRANSITION ECONOMIES TRANSPORT
Online Access:	http://documents.worldbank.org/curated/en/2005/08/6213782/productivity-ownership-investment-climate-international-lessons-priorities-serbia http://hdl.handle.net/10986/8613

id	okr-10986-8613
recordtype	oai_dc
spelling	okr-10986-86132021-04-23T14:02:43Z Productivity, Ownership and the Investment Climate : International Lessons for Priorities in Serbia Goldberg, Itzhak Radulovic, Branko Schaffer, Mark ACCOUNTING ACCOUNTING FRAMEWORK AGRICULTURE AUDITING AVERAGE RESPONSES BALANCE SHEET BANKRUPTCY BENCHMARK BUSINESS COMMUNITY BUSINESS DEVELOPMENT BUSINESS ENVIRONMENT BUSINESS SECTOR CAUSAL EFFECTS COMPETITIVENESS COMPLIANCE COSTS COMPOSITE MEASURES CONTRACT ENFORCEMENT CORPORATE GOVERNANCE CORRUPTION CRIME CUSTOMS EAST EUROPEAN ECONOMETRIC ANALYSIS ECONOMETRICS ECONOMIC GROWTH ECONOMIC PERFORMANCE EMPLOYMENT EMPLOYMENT GROWTH EXPORTS FINANCIAL SECTOR FINANCIAL SERVICES FOREIGN INVESTORS FOREIGN OWNERSHIP GDP GDP PER CAPITA GROWTH RATE GROWTH RATES IMPORTS INCOME INFLATION INVESTMENT CLIMATE LABOR FORCE LAWS LEGISLATION MACROECONOMIC CONDITIONS NEW ENTRANTS PERFORMANCE INDICATORS PERFORMANCE MEASURES POLICY DECISIONS POLICY IMPLICATIONS POLICY MAKERS POLICY REFORMS POLITICAL INSTABILITY POVERTY ALLEVIATION PRIME MINISTER PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRIVATIZATION PRIVATIZATION PROGRAM PRODUCTION FUNCTION PRODUCTIVITY PRODUCTIVITY GROWTH PROPERTY RIGHTS PUBLIC SERVICES REFORM PROGRAM REGIONAL COOPERATION REGRESSION ANALYSIS REGULATORY BURDEN REVERSE CAUSALITY SEWAGE STANDARD ERRORS STRUCTURAL ADJUSTMENT STRUCTURAL REFORMS TAXATION TECHNICAL ASSISTANCE TELECOMMUNICATIONS TOTAL FACTOR PRODUCTIVITY TRADE LIBERALIZATION TRANSITION COUNTRIES TRANSITION ECONOMIES TRANSPORT The authors use data on 27,000 firms from 50 countries, half of which are transition economies, together with the case of Serbia to examine the relationship between productivity, the investment climate, and private ownership of firms. As government capacity to address investment climate constraints is limited, the prioritization of the constraints is critical. Identification of the relative effects of various investment climate constraints and ownership on productivity should serve as a guide for such prioritization. Although ownership has recently received less attention in policy decisions than before, according to the econometric analysis of productivity reported by the authors, private ownership is an equally or more important determinant of productivity than other components of the investment climate. The importance of ownership shows that an unfinished privatization and restructuring agenda might have negative effects on productivity, in parallel to poor investment climate. Another important finding is that countries in which firms complain more about infrastructure tend to have less productive firms. 2012-06-20T22:28:18Z 2012-06-20T22:28:18Z 2005-08 http://documents.worldbank.org/curated/en/2005/08/6213782/productivity-ownership-investment-climate-international-lessons-priorities-serbia http://hdl.handle.net/10986/8613 English Policy Research Working Paper; No. 3681 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research Europe and Central Asia Serbia
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	ACCOUNTING ACCOUNTING FRAMEWORK AGRICULTURE AUDITING AVERAGE RESPONSES BALANCE SHEET BANKRUPTCY BENCHMARK BUSINESS COMMUNITY BUSINESS DEVELOPMENT BUSINESS ENVIRONMENT BUSINESS SECTOR CAUSAL EFFECTS COMPETITIVENESS COMPLIANCE COSTS COMPOSITE MEASURES CONTRACT ENFORCEMENT CORPORATE GOVERNANCE CORRUPTION CRIME CUSTOMS EAST EUROPEAN ECONOMETRIC ANALYSIS ECONOMETRICS ECONOMIC GROWTH ECONOMIC PERFORMANCE EMPLOYMENT EMPLOYMENT GROWTH EXPORTS FINANCIAL SECTOR FINANCIAL SERVICES FOREIGN INVESTORS FOREIGN OWNERSHIP GDP GDP PER CAPITA GROWTH RATE GROWTH RATES IMPORTS INCOME INFLATION INVESTMENT CLIMATE LABOR FORCE LAWS LEGISLATION MACROECONOMIC CONDITIONS NEW ENTRANTS PERFORMANCE INDICATORS PERFORMANCE MEASURES POLICY DECISIONS POLICY IMPLICATIONS POLICY MAKERS POLICY REFORMS POLITICAL INSTABILITY POVERTY ALLEVIATION PRIME MINISTER PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRIVATIZATION PRIVATIZATION PROGRAM PRODUCTION FUNCTION PRODUCTIVITY PRODUCTIVITY GROWTH PROPERTY RIGHTS PUBLIC SERVICES REFORM PROGRAM REGIONAL COOPERATION REGRESSION ANALYSIS REGULATORY BURDEN REVERSE CAUSALITY SEWAGE STANDARD ERRORS STRUCTURAL ADJUSTMENT STRUCTURAL REFORMS TAXATION TECHNICAL ASSISTANCE TELECOMMUNICATIONS TOTAL FACTOR PRODUCTIVITY TRADE LIBERALIZATION TRANSITION COUNTRIES TRANSITION ECONOMIES TRANSPORT
spellingShingle	ACCOUNTING ACCOUNTING FRAMEWORK AGRICULTURE AUDITING AVERAGE RESPONSES BALANCE SHEET BANKRUPTCY BENCHMARK BUSINESS COMMUNITY BUSINESS DEVELOPMENT BUSINESS ENVIRONMENT BUSINESS SECTOR CAUSAL EFFECTS COMPETITIVENESS COMPLIANCE COSTS COMPOSITE MEASURES CONTRACT ENFORCEMENT CORPORATE GOVERNANCE CORRUPTION CRIME CUSTOMS EAST EUROPEAN ECONOMETRIC ANALYSIS ECONOMETRICS ECONOMIC GROWTH ECONOMIC PERFORMANCE EMPLOYMENT EMPLOYMENT GROWTH EXPORTS FINANCIAL SECTOR FINANCIAL SERVICES FOREIGN INVESTORS FOREIGN OWNERSHIP GDP GDP PER CAPITA GROWTH RATE GROWTH RATES IMPORTS INCOME INFLATION INVESTMENT CLIMATE LABOR FORCE LAWS LEGISLATION MACROECONOMIC CONDITIONS NEW ENTRANTS PERFORMANCE INDICATORS PERFORMANCE MEASURES POLICY DECISIONS POLICY IMPLICATIONS POLICY MAKERS POLICY REFORMS POLITICAL INSTABILITY POVERTY ALLEVIATION PRIME MINISTER PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PRIVATIZATION PRIVATIZATION PROGRAM PRODUCTION FUNCTION PRODUCTIVITY PRODUCTIVITY GROWTH PROPERTY RIGHTS PUBLIC SERVICES REFORM PROGRAM REGIONAL COOPERATION REGRESSION ANALYSIS REGULATORY BURDEN REVERSE CAUSALITY SEWAGE STANDARD ERRORS STRUCTURAL ADJUSTMENT STRUCTURAL REFORMS TAXATION TECHNICAL ASSISTANCE TELECOMMUNICATIONS TOTAL FACTOR PRODUCTIVITY TRADE LIBERALIZATION TRANSITION COUNTRIES TRANSITION ECONOMIES TRANSPORT Goldberg, Itzhak Radulovic, Branko Schaffer, Mark Productivity, Ownership and the Investment Climate : International Lessons for Priorities in Serbia
geographic_facet	Europe and Central Asia Serbia
relation	Policy Research Working Paper; No. 3681
description	The authors use data on 27,000 firms from 50 countries, half of which are transition economies, together with the case of Serbia to examine the relationship between productivity, the investment climate, and private ownership of firms. As government capacity to address investment climate constraints is limited, the prioritization of the constraints is critical. Identification of the relative effects of various investment climate constraints and ownership on productivity should serve as a guide for such prioritization. Although ownership has recently received less attention in policy decisions than before, according to the econometric analysis of productivity reported by the authors, private ownership is an equally or more important determinant of productivity than other components of the investment climate. The importance of ownership shows that an unfinished privatization and restructuring agenda might have negative effects on productivity, in parallel to poor investment climate. Another important finding is that countries in which firms complain more about infrastructure tend to have less productive firms.
format	Publications & Research :: Policy Research Working Paper
author	Goldberg, Itzhak Radulovic, Branko Schaffer, Mark
author_facet	Goldberg, Itzhak Radulovic, Branko Schaffer, Mark
author_sort	Goldberg, Itzhak
title	Productivity, Ownership and the Investment Climate : International Lessons for Priorities in Serbia
title_short	Productivity, Ownership and the Investment Climate : International Lessons for Priorities in Serbia
title_full	Productivity, Ownership and the Investment Climate : International Lessons for Priorities in Serbia
title_fullStr	Productivity, Ownership and the Investment Climate : International Lessons for Priorities in Serbia
title_full_unstemmed	Productivity, Ownership and the Investment Climate : International Lessons for Priorities in Serbia
title_sort	productivity, ownership and the investment climate : international lessons for priorities in serbia
publisher	World Bank, Washington, DC
publishDate	2012
url	http://documents.worldbank.org/curated/en/2005/08/6213782/productivity-ownership-investment-climate-international-lessons-priorities-serbia http://hdl.handle.net/10986/8613
_version_	1764407646081777664

Productivity, Ownership and the Investment Climate : International Lessons for Priorities in Serbia

Similar Items