Investment climate, productivity, and regional development in a developing country

Ernesto M. Pernia, J. M.Ian S. Salas

Research output: Contribution to journalArticlepeer-review

2 Scopus citations


This paper examines the Philippines's investment climate in relation to the performance of manufacturing firms and the productivity of regional economies. The thesis is that the country's slow economic growth can be attributed in no small measure to its poor investment climate that hampered the productivity growth of firms; further, the disparities in regional development can be explained by, among others factors, differences in investment environments. Addressing the deficiencies of the investment climate would significantly contribute to enhancing the economy's long-run growth and redressing regional inequalities.

Original languageEnglish (US)
Pages (from-to)70-89
Number of pages20
JournalAsian Development Review
Issue number2
StatePublished - Dec 1 2006
Externally publishedYes

ASJC Scopus subject areas

  • Geography, Planning and Development
  • Development


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