Clarke, George R.G.Habyarimana, JamesIngram, MichaelKaplan, DavidRamachandran, Vijaya2012-05-312012-05-312007978-0-8213-6898-2https://hdl.handle.net/10986/6738The objective of the South Africa Investment Climate Assessment (ICA) is to evaluate the investment climate in South Africa in all its operational dimensions and to promote policies to strengthen the private sector. The investment climate is made up of the many location-specific factors that shape opportunities and incentives for firms to invest productively, create jobs, and expand. These factors include macroeconomic and regulatory policies, the security of property rights and the rule of law, and the quality of supporting institutions such as physical and financial infrastructure. The main source of information for the ICA is a survey of over 800 formal private enterprises. The survey includes data on firm productivity, the cost of doing business, the regulatory environment, the labor market, the financial sector, the trade regime, and levels of investment. The analysis links business environment constraints to firm-level costs and productivity. Also, the investment climate and performance of firms in South Africa can be compared with those of firms in the more than 70 low- and middle income countries in which Investment Climate Surveys (ICSs) have been conducted.en-USCC BY 3.0 IGOABSENTEEISMACCESS TO CAPITALACCESS TO CREDITACCESS TO FINANCINGAGRICULTUREAMOUNT OF CAPITALAVERAGE EXCHANGE RATESAVERAGE PRODUCTIVITYBANK CREDITBANK LOANBANK LOANSBANKSBARRIERS TO ENTRYBOOK VALUEBUSINESS INVESTMENTCALCULATIONCALCULATIONSCAPACITY UTILIZATIONCAPITAL EXPENDITURECAPITAL INFLOWSCAPITAL INVESTMENTCAPITAL STOCKCOLLATERALCOMMODITYCOMPETITIVE MARKETSCONSTANT RETURNS TO SCALECONSUMERCONSUMER PRICE INDEXCONTRIBUTIONCONTRIBUTIONSCORPORATE INVESTMENTCORPORATE INVESTMENTSCORPORATE SAVINGCORPORATE SAVINGSCORPORATE TAX RATESCOST OF LABORCOUNTRY COMPARISONSCURRENCYCURRENT PRICESDEBTDEPRECIATIONDOLLAR PRICESDOMESTIC MARKETSDOMESTIC SAVINGDUMMY VARIABLEDUMMY VARIABLESEARNINGSECONOMETRIC ANALYSISECONOMIC ACTIVITIESECONOMIC ACTIVITYECONOMIC CONDITIONSECONOMIC COOPERATIONECONOMIC DEVELOPMENTECONOMIC EMPOWERMENTECONOMIC POLICIESEMERGING MARKETENFORCEMENT OF CONTRACTSENTERPRISE OPERATIONENTERPRISE OPERATIONSENTERPRISE PERFORMANCEEQUIPMENTEXCHANGE RATEEXCHANGE RATE INSTABILITYEXCHANGE RATESEXPORT GROWTHEXPORTERSEXPORTSFACTOR MARKETSFINANCIAL CRISISFINANCIAL INFRASTRUCTUREFINANCIAL SECTORFINANCIAL SUPPORTFINANCING OF INVESTMENTFIRM PERFORMANCEFIXED CAPITALFIXED INVESTMENTFORECASTSFOREIGN FIRMSFOREIGN INFLOWSFOREIGN OWNERSHIPFUTURE GROWTHGLOBAL MARKETSGLOBALIZATIONGOVERNMENT EXPENDITURESGOVERNMENT OWNERSHIPGOVERNMENT SPENDINGGROSS DOMESTIC PRODUCTGROSS FIXED CAPITAL FORMATIONGROWTH RATEHOUSEHOLD EXPENDITURESHOUSEHOLD INCOMEHUMAN CAPITALINCENTIVES TO SAVEINCOMEINCOME DISTRIBUTIONINCOME STATEMENTSINCOME TAXINDIRECT COSTSINFLATIONINTEREST RATEINTEREST RATESINTERNATIONAL BANKINTERNATIONAL MARKETSINTERNATIONAL STANDARDSINTERNATIONAL TRADEINVESTINGINVESTMENT ACTIVITIESINVESTMENT ACTIVITYINVESTMENT CLIMATEINVESTMENT CLIMATE ASSESSMENTINVESTMENT CLIMATE ASSESSMENTSINVESTMENT DECISIONSINVESTMENT FUNDSINVESTMENT PROJECTSINVESTMENT RATEINVESTMENT RATESINVESTMENT SPENDINGLABOR COSTSLABOR FORCELABOR MARKETLACK OF COMPETITIONLACK OF CREDITLARGE ENTERPRISESLARGE FIRMSLIVING STANDARDSLOANLOCAL CURRENCYLOW INCOMEMACROECONOMIC ENVIRONMENTMACROECONOMIC INSTABILITYMACROECONOMIC PERFORMANCEMACROECONOMIC STABILITYMACROECONOMIC VARIABLESMARKET CONCENTRATIONMARKET SIZEMETROPOLITAN AREASMICRO ENTERPRISESMICROENTERPRISESMONETARY FUNDMONOPOLYNATIONAL TREASURYNATURAL RESOURCESNET PROFITNEW ENTRANTSORGANIZATIONAL STRUCTUREORGANIZED CRIMEOVERDRAFT FACILITIESOVERDRAFT FACILITYOVERHEAD COSTSPER CAPITA INCOMEPOLITICAL RISKPOSITIVE COEFFICIENTPOTENTIAL INVESTORSPRICE INDEXPRICE TAKERSPRIMARY EDUCATIONPRIVATE INVESTMENTPRIVATE SECTOR INVESTMENTPRODUCTION FUNCTIONPRODUCTION FUNCTIONSPRODUCTIVE INVESTMENTSPRODUCTIVITYPRODUCTIVITY GROWTHPRODUCTIVITY INCREASESPROFIT RATEPROFITABILITYPROPERTY RIGHTSPROTECTION PAYMENTSRATE OF INVESTMENTRATES OF RETURNREAL ESTATEREAL EXCHANGE RATEREAL EXCHANGE RATESREAL GDPREAL INTERESTREAL INTEREST RATESRECENT LOANREGULATORY BURDENRENTSRESERVERESERVE BANKRETAINED EARNINGSRETURNSRULE OF LAWSALARIESSALARYSALESSAVINGSSECONDARY EDUCATIONSECURITY COSTSSHARES OF INVESTMENTSKILLED WORKERSSMALLER FIRMSSOURCE OF INFORMATIONSTATEMENTSSUBSIDIARYSYSTEMIC RISKTAX RATESTAXATIONTHE SOUTH AFRICAN RESERVE BANKTOTAL COSTTOTAL COSTSTOTAL FACTOR PRODUCTIVITYTRADE BARRIERSTRADE CREDITTRADE REGIMETRAINING PROGRAMTRAINING PROGRAMSTRANSPORTUNEMPLOYMENTUNSKILLED WORKERUNSKILLED WORKERSVALUABLEVALUE ADDEDWAGEWAGE GROWTHWAGESWORKING CAPITALWorld Bank10.1596/978-0-8213-6898-5