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On the measurement of market-oriented reforms

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  • Loayza, Norman V.
  • Soto, Raimundo

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.

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Bibliographic Info

Paper provided by The World Bank in its series Policy Research Working Paper Series with number 3371.

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Date of creation: 05 Aug 2004
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Handle: RePEc:wbk:wbrwps:3371

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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;

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Citations

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Cited by:
  1. FILIPPO BELLOC and ANTONIO NICITA, 2010. "Partisan Liberalizations. A New Puzzle from OECD Network Industries?," RSCAS Working Papers 2010/28, European University Institute.
  2. Hans Pitlik, 2007. "A race to liberalization? Diffusion of economic policy reform among OECD-economies," Public Choice, Springer, vol. 132(1), pages 159-178, July.
  3. Campos, Nauro F & Horváth, Roman, 2006. "Reform Redux: Measurement, Determinants and Reversals," CEPR Discussion Papers 5673, C.E.P.R. Discussion Papers.
  4. Nauro Campos & Yuko Kinoshita, 2008. "Foreign Direct Investment and Structural Reforms: Evidence from Eastern Europe and Latin America," William Davidson Institute Working Papers Series wp906, William Davidson Institute at the University of Michigan.
  5. Heckelman, Jac & Knack, Stephen, 2005. "Foreign aid and market-liberalizing reform," Policy Research Working Paper Series 3557, The World Bank.
  6. Yuko Kinoshita & Nauro F. Campos, 2008. "Foreign Direct Investment and Structural Reforms," IMF Working Papers 08/26, International Monetary Fund.

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