RT Generic
T1 Investment climate assessment based on demean Olley and Pakes decompositions: methodology and application to Turkey's investment climate survey
A1 Escribano, Álvaro
A1 Guasch, J. Luis
A1 Orte, Manuel De
A1 Pena, Jorge
A2 Universidad Carlos III de Madrid. Departamento de Economía, 
AB Most empirical studies show strong detrimental evidence that regulatory, and administrative, barriers to entry haveon 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 onaverage productivity (TFP) and on the allocative efficiency of production among firms based on several versionsof the Olley and Pakes (O&P) decompositions. We evaluate the advantages and disadvantages of each the O&Pdecomposition in terms of their IC explanatory power. Once we have measured those IC impacts, we comparethem with other sources of empirical information obtained from firm’s perceptions on main bottlenecks for firmgrowth and from doing business reports of the World Bank (2007). For the econometric analysis, we use firmlevel data bases from Turkey’s manufacturing sector based on Investment Climate surveys (ICs) done by theWorld Bank. These ICs are done in many other developing countries and therefore we propose to make crosscountrycomparisons based on a new demean concept of TFP that also reduces the heterogeneity if using severalrobust productivity measures within each country.
SN 2340-5031
YR 2008
FD 2008-06
LK https://hdl.handle.net/10016/3098
UL https://hdl.handle.net/10016/3098
LA eng
DS e-Archivo
RD 28 may. 2024