Are Managers' Perceptions of Constraints to Growth Reliable? Evidence from a Natural Experiment in South Africa
AbstractDuring the World Banks 2007-2008 Enterprise Survey, a major power crisis hit South Africa. Not surprisingly, this affected managers perceptions about electricitythe percent saying power was a serious constraint increased from 11 to 49 percent. But managers perceptions about other areas of the investment climate such as taxation, finance and regulation also deteriorated significantly, suggesting that managers do not compartmentalize their responses to questions about constraints. Other than for electricity, however, relative rankings did not change significantly. This suggests that policymakers using the survey to identify the main constraints would have identified similar constraints before and after the crisis.
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Bibliographic InfoArticle provided by De Gruyter in its journal Journal of Globalization and Development.
Volume (Year): 2 (2011)
Issue (Month): 1 (August)
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Other versions of this item:
- Clarke, George, 2010. "Are Managers’ Perceptions of Constraints to Growth Reliable? Evidence from a Natural Experiment in South Africa," MPRA Paper 20098, University Library of Munich, Germany.
- O2 - Economic Development, Technological Change, and Growth - - Development Planning and Policy
- C42 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Survey Methods
- O20 - Economic Development, Technological Change, and Growth - - Development Planning and Policy - - - General
- O12 - Economic Development, Technological Change, and Growth - - Economic Development - - - Microeconomic Analyses of Economic Development
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