"This paper surveys the recent literature which examines the impact of business climate variables on productivity and … drives growth by encouraging investment and higher productivity. Various infrastructure, finance, security, competition and …

This is the background paper for the productivity extension of the World Bank's Long-Term Growth Model (LTGM). Based on … an extensive literature review, the paper identifies the main determinants of economic productivity as innovation … representing each of the main categories of productivity determinants and, combining them through principal component analysis …