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...

Full description

Bibliographic Details
Main Author: Subramanian, Uma
Corporate Author: World Bank
Other Authors: Anderson, William P.
Format: eBook
Language:English
Published: [Washington, D.C] World Bank 2005
Series:Policy research working paper
Subjects:
Online Access:
Collection: World Bank E-Library Archive - Collection details see MPG.ReNa
LEADER 02437nmm a2200277 u 4500
001 EB002097394
003 EBX01000000000000001237484
005 00000000000000.0
007 cr|||||||||||||||||||||
008 221013 ||| eng
100 1 |a Subramanian, Uma 
245 0 0 |a Measuring the impact of the investment climate on total factor productivity  |h Elektronische Ressource  |b the cases of China and Brazil  |c Uma Subramanian, William P. Anderson, Kihoon Lee 
260 |a [Washington, D.C]  |b World Bank  |c 2005 
653 |a Industrial productivity / Brazil 
653 |a Investments / China 
653 |a Investments / Brazil 
653 |a Industrial productivity / China 
700 1 |a Anderson, William P. 
710 2 |a World Bank 
041 0 7 |a eng  |2 ISO 639-2 
989 |b WOBA  |a World Bank E-Library Archive 
490 0 |a Policy research working paper 
500 |a Includes bibliographical references. - Title from PDF file as viewed on 12/9/2005 
856 4 0 |u http://elibrary.worldbank.org/content/workingpaper/10.1596/1813-9450-3792  |x Verlag  |3 Volltext 
082 0 |a 330 
520 |a "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