Format:
1 online resource (350 pages)
ISBN:
9780821374122
,
082137687X
,
9780821376874
,
0821374117
,
9780821374115
,
0821374125
Series Statement:
Latin American Development Forum
Content:
Although the Latin American region's growth rates are at a three decade high, they have been historically disappointing in relative terms, which cannot be dissociated from the microeconomic environment in which firms operate. Policy makers may need to complement their focus on macroeconomic stability with an increased emphasis on microeconomic reforms. By providing empirical evidence linking actual firm performance to shortcomings in Latin America's investment climate, the book discusses policies that could have a significant impact on firm productivity by improving the environment in which firms invest and operate.
Content:
Cover -- Title Page -- Contents -- Latin American Development Forum Series -- Other Titles in the Latin American Development Forum Series -- About the Contributors -- Preface -- Acknowledgments -- Abbreviations -- 1 Is Another Study of Economic Performance in Latin America and the Caribbean Needed? -- Introduction -- Where to Go From Here? -- Investment in Latin America -- Factor Productivity -- A First Pass at the Investment Climate -- The Quality of Governance and Institutions -- The Availability and Quality of Infrastructure -- The Development of the Financial Sector -- Education, Training, and the National Innovation System -- Conclusions -- Notes -- References -- 2 The Investment Climate in Latin America -- Introduction -- How Do Firms Perceive the Key Investment Climate Constraints to Growth? -- Data and Econometric Methodology -- Estimation Results -- Labor Productivity -- Controlling for Self-Selection: Results for Domestic Small and Medium Enterprises -- Robustness to the Presence of Outliers -- Total Factor Productivity Effects -- Wage Effects -- Differential Productivity Effects for Small Firms -- Subregional Differences -- Global Effects -- Merging Enterprise Surveys and Household Data -- Taking Stock of Previous Studies -- Summary and Conclusions -- Annex 2A Statistical Tables -- Notes -- References -- 3 What Would Be the Effect of a Better Investment Climate for All? -- Introduction -- Potential Productivity Gains under Alternative Scenarios -- Results -- Country Detail -- Are There Any Differences by Firm Size? -- Are There Potential Gains for Wages? -- Conclusions -- Notes -- Reference -- 4 Behind the Investment Climate: Back to Basics-Determinants of Corruption -- Introduction -- A Conceptual Framework -- Results -- Robustness Checks -- Country Heterogeneity -- Sample Size.
Note:
Description based on publisher supplied metadata and other sources
,
Contents; Preface; Acknowledgments; Abbreviations; 1 Is Another Study of Economic Performance in Latin America and the Caribbean Needed?; Figure 1.1 Per Capita Growth in Latin America and the Caribbean, 1963-2006; Figure 1.2 Per Capita Growth in Latin America and the Caribbean, Taking into Account Deviations with Respect to Global Trends, 1963-2005; Figure 1.3 Per Capita Growth in Latin America and the Caribbean, Taking into Account Deviations with Respect to Selected Country Groups, 1963-2005
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Table 1.1 Correlations in Per Capita Growth Rates between Latin America and Some Reference Groups, 1961-2005Figure 1.4 Per Capita Growth in Latin America and the Caribbean, Taking into Account Deviations with Respect to Country Detail of Global Trends, 1963-2005; Figure 1.5 Gross Capital Formation as a Percentage of GDP, 2004; Figure 1.6 Investment in Latin America in Relation to Per Capita Growth Rate, 2000-05 and 1970-2005; Table 1.2 The Persistence of Investment Rates in Latin America; Figure 1.7 Investment and Growth in Latin America, 1970-2005
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Figure 1.8 Investment and Growth in the World, Excluding Latin America, 1970-2005Figure 1.9 Regional and Group Comparisons of TFP, 1970-2005; Figure 1.10 TFP in Selected Latin American and Caribbean Countries, 2001-05; Table 1.3 Total Factor Productivity in Latin America: Selected Countries; Figure 1.11 Dramatic Reduction of Vulnerabilities; Figure 1.12 Institutional Quality and Per Capita GDP across Countries; Figure 1.13 Business Environment; Figure 1.14 Infrastructure Investment in Latin America, 1980-2005; Figure 1.15 Cost of Inadequate Infrastructure
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Figure 1.16 Ratio of Domestic Credit to the Private Sector as a Percentage of GDP, 1990 and 2004Figure 1.17 Banking Access Index, 2004; Table 1.4 Factors That Might Affect Access to the Financial Sector; Figure 1.18 Education in Latin America; Figure 1.19 R&D Expenditures and Income Per Capita; Figure 1.20 Firms with ISO Certification per Million Workers in the Latin America and Caribbean Region and the OECD, 2000 and 2005; 2 The Investment Climate in Latin America; Table 2.1 Top Five Constraints to Productivity and Growth
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Table 2.2 Main Investment Climate Determinants of Labor Productivity, by ThemeTable 2.3 Investment Climate Effect on Labor Productivity; Figure 2.1 Relative Magnitude of Estimates: Latin America and the Caribbean Region Average; Table 2.4 Relative Magnitude of Estimates, by Country; Table 2.5 Investment Climate Effect on Labor Productivity: Domestic Firms with Fewer than 100 Employees; Table 2.6 Investment Climate Effect on Labor Productivity: Robust Regression Estimates; Table 2.7 Investment Climate Effect on Total Factor Productivity; Table 2.8 Investment Climate Effect on Wages
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Table 2.9 Investment Climate Effect on Labor Productivity, by Firm Size
Additional Edition:
ISBN 9780821374115
Additional Edition:
Erscheint auch als Druck-Ausgabe ISBN 9780821374115
Language:
English
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