In this work, the coefficients that relate business climate, investments and productivity are estimated based upon a panel of 81 countries in the period between 2005 and 2011. Fixed effects panel regressions (which take into account omitted variables and, as a result, time invariant country...

In this work, the coefficients that relate business climate, investments and productivity are estimated based upon a panel of 81 countries in the period between 2005 and 2011. Fixed effects panel regressions (which take into account omitted variables and, as a result, time invariant country...