On the measurement of market-oriented reforms

Norman Loayza () and Raimundo Soto

No 3371, Policy Research Working Paper Series from The World Bank

Abstract: This paper presents policy- and outcome-based 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.

Keywords: Banks&Banking Reform; Economic Theory&Research; Payment Systems&Infrastructure; Environmental Economics&Policies; Labor Policies; Economic Theory&Research; Environmental Economics&Policies; Banks&Banking Reform; Financial Intermediation; TF054105-DONOR FUNDED OPERATION ADMINISTRATION FEE INCOME AND EXPENSE ACCOUNT (search for similar items in EconPapers)
Date: 2004-08-05
New Economics Papers: this item is included in nep-tra
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Citations: View citations in EconPapers (12)

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Persistent link: https://EconPapers.repec.org/RePEc:wbk:wbrwps:3371

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