| Description |
1 online resource (48 pages) : illustrations |
| Series |
IMF working paper, 1018-5941 ; WP/15/3 |
|
IMF working paper ; WP/15/3.
|
| Contents |
Cover; Contents; I. Introduction; II. Literature Review; III. Some Stylized Facts for Bolivia; Figures; 1. Distribution of Firms by Firm Size; 2. Business Environment Constraints for Firms in Selected Countries (% of firms); Tables; 1. Distribution of Firms That First Ranked this Obstacle as the Biggest Problem for the Establishment; 3. Proportion of Bolivian Firms that Identify the Issue as a Major or Very Severe Obstacle for the Establishment; 4. Proportion of Firms That First Ranked this Obstacle as the Biggest Problem for the Establishment |
|
5. Level of Obstacle to the Functioning of the Establishment (Proportions)6. Level of Obstacle to the Functioning of the Establishment (Proportions); IV. Empirical Strategy; V.A Framework about Binding Constraints; 7. Growth Diagnostics (Hausmann, Rodrik & Velasco, 2005); A. The Data; B. The Model; 2. Correspondence of Factors Identified in the HRV Approach and the Set of Obstacles Available in the Enterprise Survey; VI. Result; A. Firms Constraints: Does Firm Size Matter?; 3. Summary of Model Selection Process; 4. Model Results: Predicted Probability for a Representative Firm |
|
8. Electricity: Marginal Effects of Firm Size9. Telecommunications: Marginal Effects of Firm Size; 10. Transportation: Marginal Effects of Firm Size; 11. Practices of Competitors in the Informal Sector: Marginal Effects of Firm Size; 12. Courts: Marginal Effects of Firm Size; 13. Tax Rates: Marginal Effects of Firm Size; 14. Tax Administration: Marginal Effects of Firm Size; 15. Business Licensing and Permits: Marginal Effects of Firm Size; 16. Access to Financing: Marginal Effects of Firm Size; B. Binding Constraints; 5. Obstacles by Firm Size |
|
17. Level of Obstacle to the Functioning of the Establishment6. Ranking of Relative Worst Obstacles by Firm Size; 18. Level of Obstacle to the Functioning of the Establishment; VII. Concluding Remarks; Appendixes; I. Proportion of Firms that Identify None, and Major or Severe Levels of Obstacles (By Firm Size); II. Model Selection (By Obstacle); III. Conditional Likelihood Minus Unconditional Likelihood of Facing Obstacles |
| Summary |
As emphasized by Hausmann, Rodrik and Velasco, the policy challenge of boosting growth requires prioritization and identifying what are the most binding constraints. This paper draws on firm-level data from the World Bank Enterprise Survey, which suggests that the obstacles for the functioning of firms is related to firm size. Recognizing the potential endogeneity and simultaneity between firms' constraints and firm size, we implement an Ordered-Probit model with a potential categorical endogenous regressor to estimate, for the case of Bolivia, the conditional probability of facing obstacles given the firm size category, while controlling for other factors. The results confirm the importance of allowing for the roles of firm size in identifying constraints and suggest priorities for policies to remove constraints to economic performance.--Abstract |
| Notes |
"January 2015." |
|
"Research Department." |
| Bibliography |
Includes bibliographical references (pages 32-34) |
| Notes |
Online resource; title from pdf title page (IMF.org Web site, viewed January 22, 2015) |
| Subject |
Economic development -- Bolivia -- Econometric models
|
|
Business enterprises -- Bolivia -- Econometric models
|
|
Business enterprises -- Econometric models
|
|
Economic development -- Econometric models
|
|
Economic policy -- Econometric models
|
| SUBJECT |
Bolivia -- Economic policy -- Econometric models
|
| Subject |
Bolivia
|
| Form |
Electronic book
|
| Author |
International Monetary Fund. Research Department.
|
| ISBN |
149835808X |
|
9781498358088 |
|
