Ownership, investment climate and firm performance: evidence from Chinese firms
Hallward-Driemeier, Mary
Ownership, investment climate and firm performance: evidence from Chinese firms created by Mary Hallward-Driemeier, Scott Wallsten and Lixin Colin Xu - Economics of transition Volume 14, number 4 .
The importance of a country's 'investment climate' for economic growth has recently received much attention. In this paper we use a new survey of 1,500 Chinese enterprises in five cities to measure more precisely components of the investment climate and their effects on firm performance. Our firm-level analysis reveals that both ownership and investment climate measures matter for investment, productivity and growth. In particular, firm performance is positively correlated with foreign and domestic private ownership, light regulatory burdens, limited corruption, technological infrastructure and labour market flexibility. In contrast, gains from improving banking access and physical infrastructure are quite limited.
09670750
Investment climate--Investment--China--Economic growth
HC244 ECO
Ownership, investment climate and firm performance: evidence from Chinese firms created by Mary Hallward-Driemeier, Scott Wallsten and Lixin Colin Xu - Economics of transition Volume 14, number 4 .
The importance of a country's 'investment climate' for economic growth has recently received much attention. In this paper we use a new survey of 1,500 Chinese enterprises in five cities to measure more precisely components of the investment climate and their effects on firm performance. Our firm-level analysis reveals that both ownership and investment climate measures matter for investment, productivity and growth. In particular, firm performance is positively correlated with foreign and domestic private ownership, light regulatory burdens, limited corruption, technological infrastructure and labour market flexibility. In contrast, gains from improving banking access and physical infrastructure are quite limited.
09670750
Investment climate--Investment--China--Economic growth
HC244 ECO