Economic & Sector Work :: PSD, Privatization and Industrial Policy
The Cost of Doing Business in Africa : Evidence from the World Bank’s Investment Climate Data
ACCOUNT ACCOUNTS ADVERSE EFFECT ANNUAL SALES BENCHMARK BUSINESS COMMUNITIES BUSINESS COMMUNITY BUSINESS INDICATORS BUSINESS LOSSES BUSINESS MANAGEMENT BUSINESS SERVICES CAPITAL FLIGHT COMPARATIVE ADVANTAGE COMPETITIVENESS CONSTANT RETURNS TO SCALE COST ACCOUNTING COST OF CAPITAL DEFLATORS DEPRECIATION DOMESTIC MARKET ECONOMETRIC ANALYSES ECONOMIC OUTCOMES ECONOMIES OF SCALE ELASTICITY ELASTICITY OF SUBSTITUTION EXCHANGE RATES EXPORTS EXTERNALITIES FINANCIAL SECTOR FOREIGN DIRECT INVESTMENT FOREIGN INVESTMENT GDP GROSS VALUE HIGH TRANSPORT HUMAN CAPITAL INCOME INVESTMENT CLIMATE INVESTMENT RATES LATIN AMERICAN MARKET COMPETITION MARKET POTENTIAL MARKET POWER MARKET PRICES MARKET SHARE MARKETING NATURAL RESOURCES NET VALUE POLITICAL ECONOMY PRICE DIFFERENTIAL PRICE LEVEL PRICE LEVELS PRODUCT MARKET PRODUCTION FUNCTION PRODUCTION FUNCTIONS PRODUCTIVITY PROFIT MARGIN PROFIT MARGINS PROFITABILITY PURCHASING PURCHASING POWER RATES OF RETURN REGULATORY BURDEN ROAD ROAD IMPROVEMENTS SALES SECURITY COSTS SMALL BUSINESS SPREAD SUB-SAHARAN AFRICA TOTAL COSTS TOTAL FACTOR PRODUCTIVITY TRANSPORT TRANSPORT COSTS TRANSPORT SYSTEMS TRAVEL COSTS TRUE UNDERESTIMATES VALUE ADDED WAGES
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Washington, DC
Africa | Africa
2012-06-22T14:50:36Z | 2012-06-22T14:50:36Z | 2005-11
This paper looks at firm-level evidence on the African business environment from surveys undertaken for Investment Climate Assessments by the World Bank in 2000-2004. These surveys confirm a pattern of generally low "factory-floor" productivity, and show that this is partly due to business environment-related losses. The surveys also show the importance of high indirect costs in further depressing the "net" productivity of African firms relative to those in other regions. Reforms are moving forward but more slowly than is needed to accelerate growth; this raises the possibility that countries settle into a low-level political equilibrium sustained partly by structural and ethnic cleavages.
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