Title: Detailed results and econometric methodology
Abstract: The objective of the Investment Climate Assessment (ICA) for Swaziland is to evaluate the investment climate in Swaziland in all its operational dimensions. The investment climate is made up of location-specific factors that shape the opportunities and incentives for firms to invest productively, create jobs, and expand. These factors include macroeconomic and regulatory policies; the security of property rights and the rule of law; and the quality of supporting institutions such as physical and financial infrastructure. In summary, although the investment climate is more favorable in Swaziland than in most countries in Sub-Saharan Africa, Swaziland compares less favorably with the middle-income comparator countries. This is true in areas of the investment climate where the other South African Customs Union (SACU) economies typically perform well compared to other middle income economies (e.g., corruption, infrastructure and regulation) and in those where they typically perform less well (e.g., crime, access to finance, and competition). The main sources of information for the ICA are two firm-level surveys. The first survey covered small, medium, and large enterprises (SMLEs) with five or more employees in retail trade, manufacturing, and other services. The second covered microenterprise with fewer than 5 employees in the same sectors. Information from the surveys is supplemented with information from other sources, including the doing business report; analytical reports by the World Bank, the International Monetary Fund, other international organizations and the Government of Namibia; and academic papers and reports. The report is made up of two volumes. The first volume discusses and summarizes the main results. The second volume presents the more detailed analysis that underlies the results presented in the first volume. This includes detailed econometric analysis of several issues and more detail on many remaining issues. The goal of the second volume is to provide more detail to interested readers and to explain the statistical and econometric analysis that underlies the results described in the main volume.
Publication Year: 2007
Publication Date: 2007-06-01
Language: en
Type: article
Access and Citation
AI Researcher Chatbot
Get quick answers to your questions about the article from our AI researcher chatbot