Access the full text.
Sign up today, get DeepDyve free for 14 days.
Loading next page...
/lp/oxford-university-press/the-effects-of-business-environments-on-development-surveying-new-firm-JuB3JaBVF7
References (0)
References for this paper are not available at this time. We will be adding them shortly, thank you for your patience.
- 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/lkq012
- Publisher site
- See Article on Publisher Site
Abstract
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.
Journal
The World Bank Research Observer – Oxford University Press
Published: Aug 1, 2011
Keywords: JEL codes K2 L5 L1 O1