Download Does the Investment Climate Matter?: Microeconomic by Pablo Fajnzylber, Jose Luis Guasch, J. Humberto Lopez PDF

By Pablo Fajnzylber, Jose Luis Guasch, J. Humberto Lopez

Even if the Latin American region's progress premiums are at a 3 decade excessive, they've been traditionally disappointing in relative phrases, which can't be dissociated from the microeconomic setting within which corporations function. coverage makers may have to counterpoint their concentrate on macroeconomic balance with an elevated emphasis on microeconomic reforms. through delivering empirical facts linking genuine company functionality to shortcomings in Latin America's funding weather, the e-book discusses guidelines that can have an important influence on enterprise productiveness by way of enhancing the surroundings within which companies make investments and function.

Show description

Read or Download Does the Investment Climate Matter?: Microeconomic Foundations of Growth in Latin America PDF

Best microeconomics books

Pharmaceutical Manufacturers: An International Directory

This foreign listing of pharmaceutical brands contains 1,046 organizations in 50 nations. they're prepared alphabetically by means of nation and corporate identify. as well as identify and handle, different info equivalent to phone and fax quantity, and key team of workers also are indexed, the place on hand. finishing the listing, is an inventory of 124 agreement brands in 19 international locations of moral and/or non-prescription prescribed drugs.

Ceramics and Ceramic Composites: Materialographic Preparation

Ceramics and ceramic composites are actually utilized in just about all parts of expertise and feature strength for even larger and extra frequent purposes. To make this a fact, it truly is more and more essential to comprehend the microstructure of the fabric and its dating with houses and function.

Microeconometrics in Business Management

This booklet introduces the appliance of microeconometric equipment for modelling a number of facets of financial task for small to giant dimension businesses, utilizing equipment which are according to either time-series and cross-section methods. the data got from utilizing those expected types can then be used to notify enterprise judgements that enhance the potency of operations and making plans.

Extra resources for Does the Investment Climate Matter?: Microeconomic Foundations of Growth in Latin America

Example text

18, panel a). This development has to be welcomed. Yet the extent to which the population is prepared to participate productively in the economy will depend not only on the number of years that people stay in school but also on the quality of the education they receive. And here things are less positive. Even if most Latin American countries do not participate regularly in international tests, the few that do (Argentina, Brazil, Mexico, Peru, and Uruguay) seem to perform poorly even after controlling for per capita income levels.

As discussed previously, one of the shortcomings of TFP estimates is that they are computed under the assumption of independence between factor productivity and capital accumulation, something that is probably not very realistic, because, in practice, technological progress is likely to be embedded in capital accumulation. The likelihood is even greater in the case in developing countries, where technological progress usually takes the form of technology adoption rather than creation of new technologies and where most capital goods are imported from countries that are more advanced technologically.

A related concern is whether access to financial services at the household and firm level—an issue that is often denominated financial breadth—is also comparatively low in the Latin American region, as the relatively low levels of financial depth would lead one to expect. Indeed, a booming literature now argues that imperfect capital markets coupled with fixed investment costs imply that important segments of the population may get excluded from investment or education opportunities. For example, Banerjee and Newman (1994) stress the effect that an individual’s initial wealth has on the level of physical investment when there are credit constraints.

Download PDF sample

Rated 4.13 of 5 – based on 39 votes