Effect of business regulation on investment in emerging market economies

被引：16
作者：
Korutaro, Birungi [2 ]
Biekpe, Nicholas [1 ]
机构：
[1] Univ Cape Town, Grad Sch Business, Cape Town, South Africa
[2] Univ Stellenbosch, Sch Business, Cape Town, South Africa
来源：
REVIEW OF DEVELOPMENT FINANCE | 2013年 / 3卷 / 01期
关键词：
Investment; Regulation; Emerging market economies;
D O I：
10.1016/j.rdf.2013.01.001
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
This paper provides an empirical analysis of the business regulatory factors that influence investment in a selection of 29 emerging market economies. Both theoretical and empirical literature on the effect of the regulatory environment on investment is reviewed. A panel data analysis over the period 2003-2007 reveals that investment is influenced by secure property rights and the degree of business entry regulation. The results carry important policy implications for improving the investment climate of emerging market economies. (C) 2013 Production and hosting by Elsevier B.V. on behalf of Africagrowth Institute.
引用
收藏
页码：41 / 50
页数：10
相关论文
共 44 条
  • [1] Acemoglu D., Johnson S., Robinson J.A., The colonial origins of comparative development: An empirical investigation, American Economic Review, 91, 5, pp. 1369-1401, (2001)
  • [2] Alesina A., Ardagna S., Nicoletti G., Schiantarelli F., Regulation and investment, Journal of the European Economic Association, 3, 4, pp. 791-825, (2005)
  • [3] Arrunada B., How Doing Business Jeopardizes Institutional Reform, pp. 1-18, (2008)
  • [4] Baltagi B.H., Econometric Analysis of Panel Data, (2005)
  • [5] Beck T., Levine R., Legal Institutions and Financial Development, (2003)
  • [6] Beck T., Demirguc-Kunt A., Levine R., Law and finance: Why does legal origin matter?, Journal of Comparative Economics, 31, 4, pp. 653-675, (2003)
  • [7] Berg J., Cazes S., The Doing Business Indicators: Measurement Issues and Political Implications, (2007)
  • [8] Bertola G., Rogerson R., Institutions and labor reallocation, European Economic Review, 41, 6, pp. 1147-1171, (1997)
  • [9] Botero J.C., Djankov S., La Porta R., Lopez-De-Silanes F., Shleifer A., Volokh A., Judicial reform, The World Bank Research Observer, 18, 1, pp. 61-88, (2003)
  • [10] Botero J.C., La Porta R., Lopez-De-Silanes F., Shleifer A., The regulation of labor, Quarterly Journal of Economic, 119, 4, pp. 1339-1382, (2004)
12345