TY  - BOOK
AU  - Hallward-Driemeier,Mary
AU  - Wallsten,Scott J.
AU  - Xu,Lixin Colin
TI  - Ownership, investment climate and firm performance: evidence from Chinese firms
SN  - 09670750
AV  - HC244 ECO 
PY  - 2006///
CY  - Oxford
PB  - Blackwell Publishing
KW  - Investment climate
KW  - Economic growth
KW  - Investment
KW  - China
N2  - 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
UR  - https://doi.org/10.1111/j.1468-0351.2006.00267.x
ER  -