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The Firms Speak: What the World Business Environment Survey Tells Us about Constraints on Private Sector Development

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  • Kaufmann, Daniel
  • Batra, Geeta
  • Stone, Andrew H. W.

Abstract

This chapter summarizes the salient results of the World Business Environment Survey (WBES). It shows that important dimensions of the climate for business operation and investment can be measured, analyzed, and compared across countries, and that governance is key to the business environment and investment climate. The survey findings suggest that key policy, institutional, and governance indicators affect the growth of a firm's sales and investment and the extent to which firms operate in the unofficial economy. Further, the paper provides empirical support for some commonly held notions, while challenging others. It suggests a link between taxation, financing, and corruption on the one hand, and growth and investment on the other, and it highlights the costs to economies where the state is captured by a narrow set of private interests.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 8213.

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Date of creation: 2003
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Handle: RePEc:pra:mprapa:8213

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  1. Edgardo Campos, J. & Lien, Donald & Pradhan, Sanjay, 1999. "The Impact of Corruption on Investment: Predictability Matters," World Development, Elsevier, Elsevier, vol. 27(6), pages 1059-1067, June.
  2. Shleifer, Andrei & Vishny, Robert W, 1994. "Politicians and Firms," The Quarterly Journal of Economics, MIT Press, MIT Press, vol. 109(4), pages 995-1025, November.
  3. Simon Johnson & Daniel Kaufman & Andrei Shleifer, 1997. "The Unofficial Economy in Transition," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 28(2), pages 159-240.
  4. Mirjam Schiffer & Beatrice Weder, 2001. "Firm Size and the Business Environment : Worldwide Survey Results," World Bank Publications, The World Bank, number 13988, August.
  5. Friedman, Eric & Johnson, Simon & Kaufmann, Daniel & Zoido-Lobaton, Pablo, 2000. "Dodging the grabbing hand: the determinants of unofficial activity in 69 countries," Journal of Public Economics, Elsevier, Elsevier, vol. 76(3), pages 459-493, June.
  6. Johnson, Simon & Kaufmann, Daniel & Zoido-Lobaton, Pablo, 1999. "Corruption, public finances, and the unofficial economy," Policy Research Working Paper Series 2169, The World Bank.
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Cited by:
  1. Stijn Claessens & Erik Feijen, 2006. "Financial Sector Development and the Millennium Development Goals," World Bank Publications, The World Bank, number 7145, August.
  2. Anna D’Souza & Daniel Kaufmann, 2013. "Who bribes in public contracting and why: worldwide evidence from firms," Economics of Governance, Springer, Springer, vol. 14(4), pages 333-367, November.
  3. Capasso, Salvatore & Jappelli, Tullio, 2013. "Financial development and the underground economy," Journal of Development Economics, Elsevier, Elsevier, vol. 101(C), pages 167-178.
  4. Ayyagari, Meghana & Demirguc-Kunt, Asli & Maksimovic, Vojislav, 2006. "How important are financing constraints ? The role of finance in the business environment," Policy Research Working Paper Series 3820, The World Bank.
  5. Beck, Thorsten & Demirguc-Kunt, Asli & Martinez Peria, Maria Soledad, 2007. "Reaching out: Access to and use of banking services across countries," Journal of Financial Economics, Elsevier, Elsevier, vol. 85(1), pages 234-266, July.
  6. Laurent Weill, 2008. "How Corruption Affects Bank Lending in Russia," Working Papers of LaRGE Research Center, Laboratoire de Recherche en Gestion et Economie (LaRGE), Université de Strasbourg 2008-21, Laboratoire de Recherche en Gestion et Economie (LaRGE), Université de Strasbourg.
  7. Meghana Ayyagari & Asli Demirgüc-Kunt & Vojislav Maksimovic, 2008. "How Well Do Institutional Theories Explain Firms' Perceptions of Property Rights?," Review of Financial Studies, Society for Financial Studies, Society for Financial Studies, vol. 21(4), pages 1833-1871, July.
  8. Bah, El-hadj M. & Cooper, Geoff, 2012. "Constraints to the Growth of Small Firms in Northern Myanmar," MPRA Paper 39819, University Library of Munich, Germany.
  9. Joseph LiPuma & Scott Newbert & Jonathan Doh, 2013. "The effect of institutional quality on firm export performance in emerging economies: a contingency model of firm age and size," Small Business Economics, Springer, Springer, vol. 40(4), pages 817-841, May.
  10. Fawad Ahmad, 2013. "Corruption and Information Sharing as Determinants of Non-Performing Loans," Business Systems Research, Society for Promotion of Business Information Technology (BIT), vol. 4(1), pages 87-98.
  11. Laurent Weill, 2009. "Does Corruption Hamper Bank Lending? Macro and Micro Evidence," Working Papers of LaRGE Research Center, Laboratoire de Recherche en Gestion et Economie (LaRGE), Université de Strasbourg 2009-09, Laboratoire de Recherche en Gestion et Economie (LaRGE), Université de Strasbourg.
  12. Thede, Susanna & Gustafson, Nils-Åke, 2009. "The Multifaceted Impact of Corruption on International Trade," Working Papers, Lund University, Department of Economics 2009:13, Lund University, Department of Economics.
  13. Houston, Joel F. & Lin, Chen & Ma, Yue, 2011. "Media ownership, concentration and corruption in bank lending," Journal of Financial Economics, Elsevier, Elsevier, vol. 100(2), pages 326-350, May.
  14. D'Souza, Anna, 2012. "The OECD Anti-Bribery Convention: Changing the currents of trade," Journal of Development Economics, Elsevier, Elsevier, vol. 97(1), pages 73-87.

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