The Investment Climate and the Firm

Released on by Mary Hallward-Driemeier
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  • The Investment Climate and the Firm Book Detail

  • Author : Mary Hallward-Driemeier
  • Release Date : 2003
  • Publisher : World Bank Publications
  • Genre : Business enterprises
  • Pages : 56
  • ISBN 13 :
  • File Size : 75,75 MB
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The Investment Climate and the Firm by Mary Hallward-Driemeier PDF Summary

Book Description: The importance of a country's "investment climate" for economic growth has recently received much attention. Hallward-Driemeier, Wallsten, and Xu address the general lack of appropriate data for measuring the investment climate and its effects. The authors use a new survey of 1,500 Chinese enterprises in five cities to more precisely define and measure components of the investment climate, highlight the importance of firm-level data for rigorous analysis of the investment climate, and investigate empirically the effects of this comprehensive set of measures on firm performance in China. Overall, their firm-level analysis reveals that the main determinants of firm performance in China are international integration, entry and exit, labor market issues, technology use, and access to external finance. This paper--a product of Investment Climate, Development Research Group--is part of a larger effort in the group to understand the investment climate using firm-level datasets.

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