Market-Oriented Reforms: Definitions and Measurement

Norman Loayza () and Raimundo Soto

No 237, Documentos de Trabajo from Instituto de Economia. Pontificia Universidad Católica de Chile.

Abstract: This paper presents ways of measuring the progress of market-oriented reforms in both traditional areas of first-generation reform and the areas of institutional reform that have been emphasized lately. These policy areas are the domestic financial system; international financial markets; international trade; the labor market; the tax system; public infrastructure and public firms; the legal and regulatory framework; and governance. For each of them, first, we discuss the general principles underlying market oriented reform; second, we present various indicators of the policy stance in the area in question; and third, we present various outcome indicators of the policy stance.

Date: 2003
References: View references in EconPapers View complete reference list from CitEc
Citations:

Published as "On the Measurement of Market-oriented Reforms", Raimundo Soto; Norman V. Loayza. In "Understanding Market Reforms Volume 1: Philosophy, Politics and Stakeholders". Pp. 78-112. Edited by José María Fanelli y Gary McMahon, Palgrave Macmillan, 2005.

Downloads: (external link)
https://www.economia.uc.cl/docs/doctra/dt-237.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ioe:doctra:237

Access Statistics for this paper

More papers in Documentos de Trabajo from Instituto de Economia. Pontificia Universidad Católica de Chile. Contact information at EDIRC.
Bibliographic data for series maintained by Jaime Casassus ().