EconPapers    
Economics at your fingertips  
 

INVESTMENT CLIMATE ASSESSMENT IN INDONESIA, MALAYSIA, THE PHILIPPINES AND THAILAND: RESULTS FROM POOLING FIRM-LEVEL DATA

Alvaro Escribano (), J. Luis Guasch (), Manuel de Orte () and Jorge Pena ()
Additional contact information
J. Luis Guasch: The World Bank and University of California, San Diego, USA
Manuel de Orte: Laboratorio de Economía de las Telecomunicaciones, Universidad Carlos III de Madrid, Madrid, Spain
Jorge Pena: Laboratorio de Economía de las Telecomunicaciones, Universidad Carlos III de Madrid, Madrid, Spain

The Singapore Economic Review (SER), 2009, vol. 54, issue 03, 335-366

Abstract: Investment Climate surveys (ICs) are a recent instrument used by the World Bank to identify key obstacles to country competitiveness and to guide policy reforms and government interventions in developing countries. In this paper, panel data from four ICs of four South East Asian (SEA) countries namely, Indonesia, Malaysia, The Philippines, and Thailand, are pooled to estimate total factor productivity (TFP) and allocative efficiency aspects of firms in each country, using variants of the Olley and Pakes (1996) productivity decomposition. Several economic performance results are disaggregated to obtain country-specific evaluation of the IC impacts. To establish priorities for policy reforms, the corresponding key IC results are organized in five categories: infrastructures, red tape, corruption and crime, finance and corporate governance, quality, innovation and labor skills, and other control variables.

Keywords: Total factor productivity; investment climate; firms' perceptions; robust econometric methodology; demean Olley and Pakes decomposition; cross-country comparisons; C23; C33; C43; C51; C52 (search for similar items in EconPapers)
Date: 2009
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://www.worldscientific.com/doi/abs/10.1142/S0217590809003379
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsi:serxxx:v:54:y:2009:i:03:n:s0217590809003379

Ordering information: This journal article can be ordered from

DOI: 10.1142/S0217590809003379

Access Statistics for this article

The Singapore Economic Review (SER) is currently edited by Euston Quah

More articles in The Singapore Economic Review (SER) from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().

 
Page updated 2019-08-07
Handle: RePEc:wsi:serxxx:v:54:y:2009:i:03:n:s0217590809003379