Factors affecting investment climate and its effects on productivity: Philippine case
Date
2012-10
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Abstract
This paper aims to explore the different factors that affect investment climate in the Philippine setting. In particular, the objective of the study is to assess which factors affected productivity and economic growth. further, the study aimed to assess the impact of infrastructure development on investment climate and understand its implications towards economic development of the country from 2003 to 2009. Factors evaluated in this study are grouped into two components of investment climate: governance and infrastructure. Using OLS regression, the study showed that high school participation was a primary mover in the improvement of investment climate during the extent of the study. Also, electricity prices and telephony were vital factors in characterizing location-specific investment climate that coincided with the boom of the business processes outsourcing industry in the country.
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Investment climate, labor productivity, governance, infrastructure, location- specificity