The investment climate and the firm: firm-level evidence from China

Mary Hallward-Driemeier, Scott Wallsten and Lixin Xu

No 3003, Policy Research Working Paper Series from The World Bank

Abstract: The importance of a country's"investment climate"for economic growth has recently received much attention. The authors 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.

Keywords: Environmental Economics&Policies; Economic Theory&Research; Trade and Regional Integration; Health Monitoring&Evaluation; ICT Policy and Strategies (search for similar items in EconPapers)
Date: 2003-03-31
New Economics Papers: this item is included in nep-sea
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Citations: View citations in EconPapers (26)

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