This paper presents in a systematic (normative) manner the salient features of a SWF‘s governance structure, in relation to its objectives and investment management that can ensure its efficient operation and enhance its financial performance. In this context, it distinguishes among the...

The paper compares an investment policy of the Government of Novosibirsk Oblast and the recommendations included in the model program on improving investment climates in RF subjects and developed on the base of the best sub-federal practices. The paper analyses problems of the socio-economic and...

This paper evaluates the main obstacles that Egyptian enterprises face to do business in their country and investigates to what extent the constraints affect firm performance. Firm’s performance is measured as Total Factor Productivity (TFP), which is obtained using Levinsohn and Petrin (2003)...

Although the Latin American region's growth rates are at a three decade high, they have been historically disappointing in relative terms, which cannot be dissociated from the microeconomic environment in which firms operate. Policy makers may need to complement their focus on macroeconomic...

Increasing competition forms a new model of economical growth and suggests a simultaneous solution of strategic problems and improving of business climate and elevation of investment attractiveness. Control of the conditions and procedures to network assets in natural monopolies (gas transport,...

This publication is aimed at studying the modification of institutions of regional state power in the Russian Federation and its influence on the investment climate in the regions, including regional peculiarities of the investment climate and predictability of the policy of regional authorities...

: H21, H25, H26, H32, F21, H87

Increasing competition forms a new model of economical growth and suggests a simultaneous solution of strategic problems and improving of business climate and elevation of investment attractiveness. Control of the conditions and procedures to network assets in natural monopolies (gas transport,...

This study considers the importance of firm characteristics in explaining the degree of business constraints facing Pakistani firms in the Investment Climate Survey. We quantify how firms with differing characteristics experience particular problems. After controlling for other factors, the...

This paper analyzes the role of credit market imperfection and sectoral asymmetry as a means through which shocks to the real economy are propagated and amplified. Drawing on firm-level data to calibrate the model, our simulations capture two key stylized facts of the Chinese economy: that...