Measuring the impact of the investment climate on total factor productivity the cases of China and Brazil
"This study measures the impact of investment climate factors on total factor productivity (TFP) of firms in Brazil and China. The analysis is conducted in two steps: first an econometric production function is estimated to produce a measure of TFP at the firm level. In the second step, variati...
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
[Washington, D.C]
World Bank
2005
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Schriftenreihe: | Policy research working paper
3792 |
Schlagworte: | |
Online-Zugang: | DE-522 DE-12 DE-521 DE-1102 DE-1046 DE-1047 DE-858 DE-Aug4 DE-573 DE-M347 DE-92 DE-1051 DE-898 DE-859 DE-860 DE-1049 DE-863 DE-862 DE-523 DE-2070s DE-M352 DE-Re13 DE-70 DE-128 DE-22 DE-155 DE-150 DE-91 DE-384 DE-473 DE-19 DE-355 DE-703 DE-20 DE-706 DE-29 DE-739 Volltext |
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Zusammenfassung: | "This study measures the impact of investment climate factors on total factor productivity (TFP) of firms in Brazil and China. The analysis is conducted in two steps: first an econometric production function is estimated to produce a measure of TFP at the firm level. In the second step, variation in TFP across firms is statistically related to a indicators of the investment climate as well as firm characteristics. The results yield a number of insights about the factors underlying productivity. In both countries, and in a variety of industry groups, indicators of poor investment climate, especially delays in customs clearance and interruptions in utility services, have significant negative effects on TFP. Reducing customs clearance time by one day in China could increase TFP by 2-6 percent. Indicators such as email usage have positive effects on TFP. In the case of China, state-owned firms and firms located in the interior are shown to be much less productive than privately owned firms and firms located in the east. In Brazil, the results present an interesting contrast between the apparel industry and the electronics industry. In the apparel industry, older firms in competitive markets are more productive, while in the case of electronics, newer firms with higher market shares are more productive. "--World Bank web site |
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Beschreibung: | Includes bibliographical references. - Title from PDF file as viewed on 12/9/2005 Erscheinungsjahr in Vorlageform:[2005] Weitere Ausgabe: Subramanian, Uma: Measuring the impact of the investment climate on total factor productivity |
Beschreibung: | 1 Online-Ressource |