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Investment Climate, Productivity, and Regional Development in a Developing Country

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Abstract

This paper examines the Philippines’s investment climate in relation to the performance of manufacturing firms and the productivity of regional economies. The thesis is that the country’s slow economic growth can be attributed in no small measure to its poor investment climate that hampered the productivity growth of firms; further, the disparities in regional development can be explained by, among others factors, differences in investment environments. Addressing the deficiencies of the investment climate would significantly contribute to enhancing the economy’s long-run growth and redressing regional inequalities.

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  • M. Pernia , Ernesto & S. Salas, J. M. Ian, 2006. "Investment Climate, Productivity, and Regional Development in a Developing Country," Asian Development Review, Asian Development Bank, vol. 23(2), pages 70-89.
  • Handle: RePEc:ris:adbadr:2726
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    1. Jamison, Eliot A. & Jamison, Dean T. & Hanushek, Eric A., 2007. "The effects of education quality on income growth and mortality decline," Economics of Education Review, Elsevier, vol. 26(6), pages 771-788, December.
    2. Barro, Robert J. & Lee, Jong Wha, 2013. "A new data set of educational attainment in the world, 1950–2010," Journal of Development Economics, Elsevier, vol. 104(C), pages 184-198.
    3. Luis Serven & César Calderon, 2004. "The Effects of Infrastructure Development on Growth and income," Econometric Society 2004 Latin American Meetings 173, Econometric Society.
    4. Kakwani, N., 1993. "Performance in living standards : An international comparison," Journal of Development Economics, Elsevier, vol. 41(2), pages 307-336, August.
    5. Zhuang, Juzhong & Gunatilake, Herath & Niimi, Yoko & Ehsan Khan, Muhammad & Jiang, Yi & Hasan, Rana & Khor, Niny & S. Lagman-Martin, Anneli & Bracey, Pamela & Huang, Biao, 2009. "Financial Sector Development, Economic Growth, and Poverty Reduction: A Literature Review," ADB Economics Working Paper Series 173, Asian Development Bank.
    6. Thierry Bracke & Matthieu Bussière & Michael Fidora & Roland Straub, 2008. "A framework for assessing global imbalances," Occasional Paper Series 78, European Central Bank.
    7. Zhuang, Juzhong & de Dios, Emmanuel & Lagman-Martin, Anneli, 2010. "Governance and Institutional Quality and the Links with Economic Growth and Income Inequality: With Special Reference to Developing Asia," ADB Economics Working Paper Series 193, Asian Development Bank.
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    Cited by:

    1. Ernesto M. Pernia, 2006. "Diaspora, Remittances, and Poverty in RP’s Regions," UP School of Economics Discussion Papers 200602, University of the Philippines School of Economics.
    2. Ernesto M. Pernia, 2011. "Is labor export good development policy?," Philippine Review of Economics, University of the Philippines School of Economics and Philippine Economic Society, vol. 48(1), pages 13-34, June.
    3. Ernesto M. Pernia, 2008. "Migration, Remittances, Poverty and Inequality The Philippines," UP School of Economics Discussion Papers 200801, University of the Philippines School of Economics.

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