Publication: On The Measurement of Market-Oriented Reforms
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2003-12
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2013-06-25
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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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“Loayza, Norman V.; Soto, Raimundo. 2003. On The Measurement of Market-Oriented Reforms. Policy Research Working Paper;No.3371. © World Bank. http://hdl.handle.net/10986/14160 License: CC BY 3.0 IGO.”
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