Productivity, Ownership and the Investment Climate : International Lessons for Priorities in Serbia

dc.creatorRadulovic, Branko
dc.creatorGoldberg, Itzhak
dc.creatorSchaffer, Mark
dc.date2012-06-20T22:28:18Z
dc.date2012-06-20T22:28:18Z
dc.date2005-08
dc.date.accessioned2026-07-01T01:29:15Z
dc.descriptionThe authors use data on 27,000 firms from 50 countries, half of which are transition economies, together with the case of Serbia to examine the relationship between productivity, the investment climate, and private ownership of firms. As government capacity to address investment climate constraints is limited, the prioritization of the constraints is critical. Identification of the relative effects of various investment climate constraints and ownership on productivity should serve as a guide for such prioritization. Although ownership has recently received less attention in policy decisions than before, according to the econometric analysis of productivity reported by the authors, private ownership is an equally or more important determinant of productivity than other components of the investment climate. The importance of ownership shows that an unfinished privatization and restructuring agenda might have negative effects on productivity, in parallel to poor investment climate. Another important finding is that countries in which firms complain more about infrastructure tend to have less productive firms.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2005/08/6213782/productivity-ownership-investment-climate-international-lessons-priorities-serbia
dc.identifierhttps://hdl.handle.net/10986/8613
dc.identifierhttps://doi.org/10.1596/1813-9450-3681
dc.identifier.urihttp://hdl.handle.net/123456789/418524
dc.languageEnglish
dc.publisherWorld Bank, Washington, DC
dc.relationPolicy Research Working Paper; No. 3681
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.rightsWorld Bank
dc.subjectACCOUNTING
dc.subjectACCOUNTING FRAMEWORK
dc.subjectAGRICULTURE
dc.subjectAUDITING
dc.subjectAVERAGE RESPONSES
dc.subjectBALANCE SHEET
dc.subjectBANKRUPTCY
dc.subjectBENCHMARK
dc.subjectBUSINESS COMMUNITY
dc.subjectBUSINESS DEVELOPMENT
dc.subjectBUSINESS ENVIRONMENT
dc.subjectBUSINESS SECTOR
dc.subjectCAUSAL EFFECTS
dc.subjectCOMPETITIVENESS
dc.subjectCOMPLIANCE COSTS
dc.subjectCOMPOSITE MEASURES
dc.subjectCONTRACT ENFORCEMENT
dc.subjectCORPORATE GOVERNANCE
dc.subjectCORRUPTION
dc.subjectCRIME
dc.subjectCUSTOMS
dc.subjectEAST EUROPEAN
dc.subjectECONOMETRIC ANALYSIS
dc.subjectECONOMETRICS
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC PERFORMANCE
dc.subjectEMPLOYMENT
dc.subjectEMPLOYMENT GROWTH
dc.subjectEXPORTS
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SERVICES
dc.subjectFOREIGN INVESTORS
dc.subjectFOREIGN OWNERSHIP
dc.subjectGDP
dc.subjectGDP PER CAPITA
dc.subjectGROWTH RATE
dc.subjectGROWTH RATES
dc.subjectIMPORTS
dc.subjectINCOME
dc.subjectINFLATION
dc.subjectINVESTMENT CLIMATE
dc.subjectLABOR FORCE
dc.subjectLAWS
dc.subjectLEGISLATION
dc.subjectMACROECONOMIC CONDITIONS
dc.subjectNEW ENTRANTS
dc.subjectPERFORMANCE INDICATORS
dc.subjectPERFORMANCE MEASURES
dc.subjectPOLICY DECISIONS
dc.subjectPOLICY IMPLICATIONS
dc.subjectPOLICY MAKERS
dc.subjectPOLICY REFORMS
dc.subjectPOLITICAL INSTABILITY
dc.subjectPOVERTY ALLEVIATION
dc.subjectPRIME MINISTER
dc.subjectPRIVATE SECTOR
dc.subjectPRIVATE SECTOR DEVELOPMENT
dc.subjectPRIVATIZATION
dc.subjectPRIVATIZATION PROGRAM
dc.subjectPRODUCTION FUNCTION
dc.subjectPRODUCTIVITY
dc.subjectPRODUCTIVITY GROWTH
dc.subjectPROPERTY RIGHTS
dc.subjectPUBLIC SERVICES
dc.subjectREFORM PROGRAM
dc.subjectREGIONAL COOPERATION
dc.subjectREGRESSION ANALYSIS
dc.subjectREGULATORY BURDEN
dc.subjectREVERSE CAUSALITY
dc.subjectSEWAGE
dc.subjectSTANDARD ERRORS
dc.subjectSTRUCTURAL ADJUSTMENT
dc.subjectSTRUCTURAL REFORMS
dc.subjectTAXATION
dc.subjectTECHNICAL ASSISTANCE
dc.subjectTELECOMMUNICATIONS
dc.subjectTOTAL FACTOR PRODUCTIVITY
dc.subjectTRADE LIBERALIZATION
dc.subjectTRANSITION COUNTRIES
dc.subjectTRANSITION ECONOMIES
dc.subjectTRANSPORT
dc.titleProductivity, Ownership and the Investment Climate : International Lessons for Priorities in Serbia

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