This paper investigates the relationship between firm-level productivity and investment climate (IC) for a large number of countries (23) and manufacturing industries (8). We first propose three measures of firms’ productive performances: Labor Productivity (LP), Total Factor Productivity...

Drawing on the World Bank Investment Climate Assessment surveys, this paper investigates the relationship between firm-level technical efficiency and the investment climate for 22 developing economies and eight manufacturing industries. The authors first propose three measures of...

Production frontiers with technical inefficiency determinants are estimated using stochastic models for textile manufacturing in eight developing countries encompassing about 800 firms. Inefficiency determinants are considered either on an individual basis, or in the form of composite indicators...

[eng] In 1999, WAEMU (West African Economic and Monetary Union) countries adopted a Convergence Pact. Its main goal is to constrain national fiscal policies so as to prevent macroeconomic imbalances and preserve the credibility of the common currency. While budgetary efforts may cause recession...