Publication:
Investment climate assessment based on demean Olley and Pakes decompositions: methodology and application to Turkey's investment climate survey

Simple item page
dc.affiliation.dptoUC3M. Departamento de Economíaes
dc.contributor.authorEscribano, Álvaro
dc.contributor.authorGuasch, J. Luis
dc.contributor.authorOrte, Manuel De
dc.contributor.authorPena, Jorge
dc.contributor.editorUniversidad Carlos III de Madrid. Departamento de Economía
dc.date.accessioned2008-11-03T11:39:35Z
dc.date.available2008-11-03T11:39:35Z
dc.date.issued2008-06
dc.description.abstractMost empirical studies show strong detrimental evidence that regulatory, and administrative, barriers to entry have on productivity and on firm growth. In this paper we evaluate and measure the total factor productivity (TFP) impacts of having; low quality physical infrastructures (electricity, telecommunications, transport, customs, etc.) and bad social infrastructures (rules of law, informality, corruption, etc.). We suggest evaluating the impact on average productivity (TFP) and on the allocative efficiency of production among firms based on several versions of the Olley and Pakes (O&P) decompositions. We evaluate the advantages and disadvantages of each the O&P decomposition in terms of their IC explanatory power. Once we have measured those IC impacts, we compare them with other sources of empirical information obtained from firm’s perceptions on main bottlenecks for firm growth and from doing business reports of the World Bank (2007). For the econometric analysis, we use firm level data bases from Turkey’s manufacturing sector based on Investment Climate surveys (ICs) done by the World Bank. These ICs are done in many other developing countries and therefore we propose to make crosscountry comparisons based on a new demean concept of TFP that also reduces the heterogeneity if using several robust productivity measures within each country.
dc.format.mimetypeapplication/pdf
dc.identifier.issn2340-5031
dc.identifier.repecwe082012
dc.identifier.urihttps://hdl.handle.net/10016/3098
dc.language.isoeng
dc.relation.ispartofseriesUC3M Working papers. Economics
dc.relation.ispartofseries08-12
dc.rightsAtribución-NoComercial-SinDerivadas 3.0 España
dc.rights.accessRightsopen access
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.subject.ecienciaEconomía
dc.subject.jelD61
dc.subject.jelL60
dc.subject.jelO57
dc.subject.otherTotal factor productivity
dc.subject.otherInvestment climate
dc.subject.otherFirm level determinants of allocative efficiency
dc.subject.otherRobust productivity impacts
dc.subject.otherCross country comparisons of demean TFP
dc.titleInvestment climate assessment based on demean Olley and Pakes decompositions: methodology and application to Turkey's investment climate survey
dc.typeworking paper*
dspace.entity.typePublication
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
we082012.pdf
Size:
710.43 KB
Format:
Adobe Portable Document Format
Description:
Download
Collections
DE - Working Papers. Economics. WE
Economists Online