LEADER 05924oam 22008535 450 001 9910782666703321 005 20200520144314.0 010 $a0-8213-7687-X 010 $a1-281-95968-5 010 $a9786611959685 010 $a0-8213-7412-5 024 7 $a10.1596/978-0-8213-7411-5 035 $a(CKB)1000000000706186 035 $a(EBL)459436 035 $a(OCoLC)560606880 035 $a(SSID)ssj0000401111 035 $a(PQKBManifestationID)11288087 035 $a(PQKBTitleCode)TC0000401111 035 $a(PQKBWorkID)10398836 035 $a(PQKB)11209724 035 $a(MiAaPQ)EBC459436 035 $a(Au-PeEL)EBL459436 035 $a(CaPaEBR)ebr10264155 035 $a(CaONFJC)MIL195968 035 $a(The World Bank)230802674$z(The World Bank)190850753 035 $a(The World Bank)ocn230802674 035 $a(US-djbf)15312159 035 $a(EXLCZ)991000000000706186 100 $a20080602d2009 uf 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt$2rdacontent 182 $cc$2rdamedia 183 $acr$2rdacarrier 200 00$aDoes the investment climate matter? : $emicroeconomic foundations of growth in Latin America /$fedited by Pablo Fajnzylber, J. Luis Guasch, and J. Humberto Lopez 210 1$aWashington, DC :$cWorld Bank ;$aHoundmills, Basingstoke, Hampshire ;$aNew York :$cPalgrave Macmillan,$d[2009] 210 4$dcopyright 2009. 215 $axxi, 321 pages $cillustrations ;$d23 cm 225 1 $aLatin American development forum 300 $aDescription based upon print version of record. 311 $a0-8213-7411-7 320 $aIncludes bibliographical references and index. 327 $aContents; Preface; Acknowledgments; Abbreviations; 1 Is Another Study of Economic Performance in Latin America and the Caribbean Needed?; Figure 1.1 Per Capita Growth in Latin America and the Caribbean, 1963-2006; Figure 1.2 Per Capita Growth in Latin America and the Caribbean, Taking into Account Deviations with Respect to Global Trends, 1963-2005; Figure 1.3 Per Capita Growth in Latin America and the Caribbean, Taking into Account Deviations with Respect to Selected Country Groups, 1963-2005 327 $aTable 1.1 Correlations in Per Capita Growth Rates between Latin America and Some Reference Groups, 1961-2005 Figure 1.4 Per Capita Growth in Latin America and the Caribbean, Taking into Account Deviations with Respect to Country Detail of Global Trends, 1963-2005; Figure 1.5 Gross Capital Formation as a Percentage of GDP, 2004; Figure 1.6 Investment in Latin America in Relation to Per Capita Growth Rate, 2000-05 and 1970-2005; Table 1.2 The Persistence of Investment Rates in Latin America; Figure 1.7 Investment and Growth in Latin America, 1970-2005 327 $aFigure 1.8 Investment and Growth in the World, Excluding Latin America, 1970-2005 Figure 1.9 Regional and Group Comparisons of TFP, 1970-2005; Figure 1.10 TFP in Selected Latin American and Caribbean Countries, 2001-05; Table 1.3 Total Factor Productivity in Latin America: Selected Countries; Figure 1.11 Dramatic Reduction of Vulnerabilities; Figure 1.12 Institutional Quality and Per Capita GDP across Countries; Figure 1.13 Business Environment; Figure 1.14 Infrastructure Investment in Latin America, 1980-2005; Figure 1.15 Cost of Inadequate Infrastructure 327 $aFigure 1.16 Ratio of Domestic Credit to the Private Sector as a Percentage of GDP, 1990 and 2004 Figure 1.17 Banking Access Index, 2004; Table 1.4 Factors That Might Affect Access to the Financial Sector; Figure 1.18 Education in Latin America; Figure 1.19 R&D Expenditures and Income Per Capita; Figure 1.20 Firms with ISO Certification per Million Workers in the Latin America and Caribbean Region and the OECD, 2000 and 2005; 2 The Investment Climate in Latin America; Table 2.1 Top Five Constraints to Productivity and Growth 327 $aTable 2.2 Main Investment Climate Determinants of Labor Productivity, by Theme Table 2.3 Investment Climate Effect on Labor Productivity; Figure 2.1 Relative Magnitude of Estimates: Latin America and the Caribbean Region Average; Table 2.4 Relative Magnitude of Estimates, by Country; Table 2.5 Investment Climate Effect on Labor Productivity: Domestic Firms with Fewer than 100 Employees; Table 2.6 Investment Climate Effect on Labor Productivity: Robust Regression Estimates; Table 2.7 Investment Climate Effect on Total Factor Productivity; Table 2.8 Investment Climate Effect on Wages 327 $aTable 2.9 Investment Climate Effect on Labor Productivity, by Firm Size 330 $aAlthough the Latin American region's growth rates are at a three decade high, they have been historically disappointing in relative terms, which cannot be dissociated from the microeconomic environment in which firms operate. Policy makers may need to complement their focus on macroeconomic stability with an increased emphasis on microeconomic reforms. By providing empirical evidence linking actual firm performance to shortcomings in Latin America's investment climate, the book discusses policies that could have a significant impact on firm productivity by improving the environment in which 410 0$aLatin American development forum. 410 0$aWorld Bank e-Library. 606 $aInvestments$zLatin America 606 $aFinance$zLatin America 615 0$aInvestments 615 0$aFinance 676 $a338.5098 701 $aFajnzylber$b Pablo$01465118 701 $aGuasch$b J. Luis$01462519 701 $aLopez$b J. Humberto$01471752 801 0$bDLC 801 1$bDLC 801 2$bBAKER 801 2$bUKM 801 2$bBTCTA 801 2$bYDXCP 801 2$bC#P 801 2$bOCLCQ 801 2$bBWX 801 2$bCDX 801 2$bDLC 906 $aBOOK 912 $a9910782666703321 996 $aDoes the investment climate matter?$93828749 997 $aUNINA