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200 10$aDoes the business environment affect corporate investment in India? /$fprepared by Kiichi Tokuoka
205   $a1st ed.
210   $aWashington, D.C. $cInternational Monetary Fund$d2012
215   $a1 online resource (24 p.)
225 0 $aIMF working paper ;$vWP/12/70
300   $aDescription based upon print version of record.
311   $a1-4639-5025-X 
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327   $aCover; Contents; I. Introduction; Figures; 1. Investment in India; II. Analysis of Macroeconomic Data; Tables; 1. Impact of Macroeconomic Variables on Corporate Investment; III. Analysis of Firm-Level Micro Panel Data; 2. Estimation of Investment Function; 3. Estimation of Investment Function Using Subsamples; 2. Determinants of Corporate Investment; 3. Business Environment Indices; 4. Variability of Business Environment within India; 4. Regression of Profitability; Box; 1. Studies Utilizing Variability within India; IV. Policy Issues and Conclusions
327   $a5. Estimated Aggregate Impact of Reducing Costs of Doing BusinessReferences; Appendices; A. Regression Results Using Alternative Data Set; B. Description of Semi-aggregate Data
330 3 $aSince the global financial crisis, corporate investment has been weak in India. Sluggish corporate investment would not only moderate growth from the demand side but also constrain growth from the supply side over time. Against this background, this paper analyzes the reasons for the slowdown and discusses how India can boost corporate investment, using both macro and firm-level micro data. Analysis of macro data indicates that macroeconomic factors can largely explain corporate investment but that they do not appear to account fully for recent weak performance, suggesting a key role of the business environment in reviving corporate investment. Analysis of micro panel data suggests that improving the business environment by reducing costs of doing business, improving financial access, and developing infrastructure, could stimulate corporate investment.
410  0$aIMF Working Papers; Working Paper ;$vNo. 2012/070
606   $aCorporations$zIndia$xFinance
606   $aInvestments$zIndia
615  0$aCorporations$xFinance.
615  0$aInvestments
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996   $aDoes the Business Environment Affect Corporate Investment in India$94014197
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