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Explaining Enterprise Performance in Developing Countries with Business Climate Survey Data

Explaining Enterprise Performance in Developing Countries with Business Climate Survey Data The authors survey the recent literature which examines the impact of the business climate on productivity and growth in developing countries using enterprise surveys. Comparable enterprise surveys today cover more than 100,000 firms in 123 countries. The literature that has analyzed this data provides evidence that a good business climate favors growth by encouraging investment and higher productivity. Various infrastructure, finance, security, competition, and regulation variables have been shown to have a significant impact on enterprise performance. The authors state their motivation for their review by explaining why a disaggregated, firm-level analysis of the relationship between enterprise performance and business climateas opposed to a more macroaggregate analysisis important to gaining insights into these issues. They review the main findings of the empirical microliterature based on enterprise surveys and consider the robustness of the results. To conclude they put forward some ideas to advance research on business climate and growth, and they suggest possible improvements in survey design. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png The World Bank Research Observer Oxford University Press

Explaining Enterprise Performance in Developing Countries with Business Climate Survey Data

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References (60)

Publisher
Oxford University Press
Copyright
The Author 2010. Published by Oxford University Press on behalf of the International Bank for Reconstruction and Development / the world bank. All rights reserved. For permissions, please e-mail: journals.permissionsoup.com
Subject
Symposium on “Business Environments”
ISSN
0257-3032
eISSN
1564-6971
DOI
10.1093/wbro/lkq007
Publisher site
See Article on Publisher Site

Abstract

The authors survey the recent literature which examines the impact of the business climate on productivity and growth in developing countries using enterprise surveys. Comparable enterprise surveys today cover more than 100,000 firms in 123 countries. The literature that has analyzed this data provides evidence that a good business climate favors growth by encouraging investment and higher productivity. Various infrastructure, finance, security, competition, and regulation variables have been shown to have a significant impact on enterprise performance. The authors state their motivation for their review by explaining why a disaggregated, firm-level analysis of the relationship between enterprise performance and business climateas opposed to a more macroaggregate analysisis important to gaining insights into these issues. They review the main findings of the empirical microliterature based on enterprise surveys and consider the robustness of the results. To conclude they put forward some ideas to advance research on business climate and growth, and they suggest possible improvements in survey design.

Journal

The World Bank Research Observer – Oxford University Press

Published: Aug 2, 2011

Keywords: JEL codes L51 O47 O12

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