Publication:
Economic Performance in Latin America and the Caribbean : A Microeconomic Perspective, Volume 1. Main Findings

Simple item page
dc.contributor.authorWorld Bank
dc.date.accessioned2012-06-12T18:54:07Z
dc.date.available2012-06-12T18:54:07Z
dc.date.issued2007-06
dc.description.abstractImportant findings of recent studies based on a macroeconomic perspective include the need to take actions aimed at further increasing the region's integration into the global economy while at the same time deepening Latin America's relatively shallow financial markets. This study complements that body of knowledge by taking an alternative microeconomic, firm-level approach to explain productivity and economic performance. In particular, instead of the usual cross country econometric methodologies used to uncover the determinants of per capita GDP growth, this study focuses on the analysis of the investment climate determinants of productivity and wages at the firm level. Six main findings emerge from this analysis: first, the governance agenda, encompassing the strengthening of the rule of the law and the improvement of institutions and regulatory frameworks, emerges as a key policy priority for improving firm performance in Latin America. Second, expanding access to credit also appears as a relevant policy priority. Third, innovation, technological development and human capital remain at the core of the agenda of reforms aimed at moving up in the value chain and securing the elusive goal of higher sustained growth. Fourth, the findings of this regional study complement the extensive evidence on the critical impact of infrastructure on growth and poverty. Fifth, the report shows that, after controlling for other factors, firms that export tend to perform better: they are more productive, pay higher wages and are more likely to innovate. And finally, benefits of an improved investment climate are not limited to firms, as their workers benefit significantly as well.en
dc.identifierhttp://documents.worldbank.org/curated/en/2007/06/8419345/economic-performance-latin-america-caribbean-microeconomic-perspective-vol-1-2-main-findings
dc.identifier.doi10.1596/7851
dc.identifier.urihttps://hdl.handle.net/10986/7851
dc.languageEnglish
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO CREDIT
dc.subjectAGGREGATE INDICATORS
dc.subjectAUDITS
dc.subjectAVERAGE GROWTH
dc.subjectAVERAGE PRODUCTIVITY
dc.subjectAVERAGE WAGE
dc.subjectAVERAGE WAGES
dc.subjectBANK CREDIT
dc.subjectBANKRUPTCY
dc.subjectBENCHMARK
dc.subjectBENCHMARKS
dc.subjectBILATERAL TRADE
dc.subjectBUREAUCRACY
dc.subjectBUSINESS CYCLE
dc.subjectBUSINESS ENVIRONMENT
dc.subjectBUSINESS ENVIRONMENT SURVEYS
dc.subjectBUSINESS PLAN
dc.subjectCALCULATION
dc.subjectCALCULATIONS
dc.subjectCAPITAL FORMATION
dc.subjectCAPITAL STOCK
dc.subjectCHECKING ACCOUNT
dc.subjectCOLLATERAL
dc.subjectCOMMODITIES
dc.subjectCOMMODITY
dc.subjectCOMMODITY PRICES
dc.subjectCOMMUNICATION TECHNOLOGIES
dc.subjectCOMPETITIVENESS
dc.subjectCONTRIBUTION
dc.subjectCONTRIBUTIONS
dc.subjectCORPORATE GOVERNANCE
dc.subjectCORPORATE TAXES
dc.subjectCORRUPT PRACTICES
dc.subjectCORRUPTION
dc.subjectCORRUPTION LEVELS
dc.subjectCREDIBILITY
dc.subjectCREDIT PRODUCTS
dc.subjectCREDITOR
dc.subjectCREDITOR RIGHTS
dc.subjectCRIME
dc.subjectCURRENT ACCOUNT
dc.subjectCURRENT ACCOUNT BALANCE
dc.subjectDEVELOPING COUNTRIES
dc.subjectDEVELOPMENT STRATEGIES
dc.subjectDIMINISHING RETURNS
dc.subjectDIRECT COSTS
dc.subjectDISPUTE RESOLUTION
dc.subjectDOMESTIC CREDIT
dc.subjectDOMESTIC MARKETS
dc.subjectEARNINGS
dc.subjectECONOMETRIC MODELS
dc.subjectECONOMIC ACTIVITY
dc.subjectECONOMIC COSTS
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC MANAGEMENT
dc.subjectECONOMIC PERFORMANCE
dc.subjectELASTICITY
dc.subjectENTERPRISE SURVEYS
dc.subjectENTRY POINT
dc.subjectEXPENDITURES
dc.subjectEXPORT SECTOR
dc.subjectEXPORTER
dc.subjectEXPORTERS
dc.subjectEXPORTS
dc.subjectFINANCE CORPORATION
dc.subjectFINANCIAL DEPTH
dc.subjectFINANCIAL DEVELOPMENT
dc.subjectFINANCIAL INCENTIVES
dc.subjectFINANCIAL INSTITUTION
dc.subjectFINANCIAL MARKETS
dc.subjectFINANCIAL PRODUCTS
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SECTORS
dc.subjectFINANCIAL SERVICES
dc.subjectFINANCIAL STATEMENTS
dc.subjectFINANCIAL SYSTEM
dc.subjectFINANCIAL SYSTEMS
dc.subjectFIRM PERFORMANCE
dc.subjectFOREIGN CAPITAL
dc.subjectFOREIGN OWNERSHIP
dc.subjectGDP
dc.subjectGLOBAL ECONOMIC PROSPECTS
dc.subjectGLOBAL ECONOMY
dc.subjectGLOBALIZATION
dc.subjectGOOD GOVERNANCE
dc.subjectGOVERNMENT ACTIONS
dc.subjectGOVERNMENT INTERVENTION
dc.subjectGROWTH POTENTIAL
dc.subjectGROWTH RATE
dc.subjectGROWTH RATES
dc.subjectHUMAN CAPITAL
dc.subjectHUMAN RESOURCE
dc.subjectINCOME
dc.subjectINDIRECT COSTS
dc.subjectINDIVIDUAL FIRMS
dc.subjectINSTITUTIONAL QUALITY
dc.subjectINSTRUMENT
dc.subjectINTERNATIONAL BUSINESS
dc.subjectINTERNATIONAL FINANCE
dc.subjectINTERNATIONAL TRADE
dc.subjectINVENTORY
dc.subjectINVESTMENT CLIMATE
dc.subjectINVESTMENT CLIMATE REFORMS
dc.subjectINVESTMENT RATES
dc.subjectJUDICIAL SYSTEM
dc.subjectLABOR FORCE
dc.subjectLARGE FIRMS
dc.subjectLATIN AMERICAN
dc.subjectLEGAL SYSTEM
dc.subjectLEGAL SYSTEM EFFICIENCY
dc.subjectLEGAL SYSTEMS
dc.subjectLIABILITY
dc.subjectLIMITED LIABILITY
dc.subjectLIMITED LIABILITY COMPANY
dc.subjectLLC
dc.subjectLOAN
dc.subjectLOAN MATURITY
dc.subjectLOAN SIZE
dc.subjectM2
dc.subjectMACROECONOMIC INSTABILITY
dc.subjectMACROECONOMIC STABILITY
dc.subjectMARKET FAILURES
dc.subjectMEDIUM ENTERPRISES
dc.subjectMIDDLE EAST
dc.subjectMIDDLE INCOME COUNTRIES
dc.subjectMIDDLE INCOME COUNTRY
dc.subjectNATURAL RESOURCE
dc.subjectNATURAL RESOURCES
dc.subjectNET EXPORTS
dc.subjectNEW PRODUCTS
dc.subjectNORTH AFRICA
dc.subjectOUTPUT
dc.subjectPER CAPITA INCOME
dc.subjectPOOR INVESTMENT
dc.subjectPOSITIVE EFFECTS
dc.subjectPOVERTY ALLEVIATION
dc.subjectPOVERTY RATE
dc.subjectPOVERTY RATES
dc.subjectPOWER OUTAGES
dc.subjectPRIVATE SECTOR GOVERNANCE
dc.subjectPROBABILITY
dc.subjectPRODUCTIVITY
dc.subjectPRODUCTIVITY GROWTH
dc.subjectPUBLIC CONTRACTS
dc.subjectPUBLIC DEBT
dc.subjectPUBLIC OFFICIALS
dc.subjectPUBLIC SPENDING
dc.subjectREGULATORY BURDEN
dc.subjectREGULATORY FRAMEWORK
dc.subjectREGULATORY FRAMEWORKS
dc.subjectRENTS
dc.subjectRESERVES
dc.subjectRETURN
dc.subjectRETURNS
dc.subjectREVERSE CAUSALITY
dc.subjectSALES
dc.subjectSHAREHOLDER
dc.subjectSKILLED WORKERS
dc.subjectSMALLER FIRMS
dc.subjectSUB-SAHARAN AFRICA
dc.subjectSUBJECTIVE ASSESSMENTS
dc.subjectTARIFF BARRIERS
dc.subjectTAX
dc.subjectTAX DEDUCTIONS
dc.subjectTAX RATES
dc.subjectTOTAL FACTOR PRODUCTIVITY
dc.subjectTOTAL FACTOR PRODUCTIVITY GROWTH
dc.subjectTRAINING PROGRAMS
dc.subjectTRANSACTION
dc.subjectTRANSACTION COSTS
dc.subjectTRANSPARENCY
dc.subjectVALUE ADDED
dc.subjectWAGE
dc.subjectWAGES
dc.subjectWORK FORCE
dc.subjectWORLD DEVELOPMENT INDICATORS
dc.subjectWORTH
dc.titleEconomic Performance in Latin America and the Caribbean : A Microeconomic Perspective, Volume 1. Main Findingsen
dspace.entity.typePublication
okr.date.disclosure2007-10-03
okr.date.doiregistration2025-05-07T12:09:18.855829Z
okr.doctypeEconomic & Sector Work::General Economy, Macroeconomics and Growth Study
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2007/06/8419345/economic-performance-latin-america-caribbean-microeconomic-perspective-vol-1-2-main-findings
okr.globalpracticeMacroeconomics and Fiscal Management
okr.globalpracticeFinance and Markets
okr.globalpracticeGovernance
okr.globalpracticeTrade and Competitiveness
okr.guid829051468300539778
okr.guid512981468053709316
okr.identifier.externaldocumentum000020439_20071003092829
okr.identifier.internaldocumentum8419345
okr.identifier.report40717
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2007/10/03/000020439_20071003092829/Rendered/PDF/407171LAC0v1.pdfen
okr.region.administrativeLatin America & Caribbean
okr.region.geographicalLatin America
okr.sectorGeneral public administration sector
okr.sectorGeneral industry and trade sector
okr.sectorGeneral finance sector
okr.sectorGeneral agriculture, General agriculture, fishing and forestry sector
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicPrivate Sector Development::Emerging Markets
okr.topicEconomic Theory and Research
okr.topicGovernance::Governance Indicators
okr.topicMacroeconomics and Economic Growth
okr.unitChief Economist (LCRCE)
okr.volume1 of 2
Files
Original bundle
Now showing 1 - 2 of 2
Thumbnail Image
Name:
407171LAC0v1.pdf
Size:
4.41 MB
Format:
Adobe Portable Document Format
Download
No Thumbnail Available
Name:
407171LAC0v1.txt
Size:
195.13 KB
Format:
Plain Text
Download
License bundle
Now showing 1 - 1 of 1
No Thumbnail Available
Name:
license.txt
Size:
1.71 KB
Format:
Plain Text
Description:
Download
Collections
General Economy, Macroeconomics, and Growth Study