Regulatory Quality Indicators

In this first working paper the authors present and compare systems of indicators of regulatory quality, analyzing their conceptual underpinnings, technical properties, and usage by governments, stakeholders and academics. After having discussed the datasets and the types of data available, they authors consider a set of critical aspects related to the design, data gathering and utilization of indicators, providing suggestions for improvement. The authors' major findings and proposals are the following: systems of indicators have been developed ad hoc, by organizations pursuing different objectives over time and across the world. Conceptual underpinnings, modalities of data-gathering, and types of usage reflect different operationalizations of regulatory quality. In the construction of regulatory indicator datasets, the first essential step is to gauge the quality of data, in order to construct insightful and meaningful measurements. Especially in developing countries, the consideration of the quality of data is preliminary to any technical and statistical discussion on how to treat data. Western governments tend to use single measures with the specific purpose of improving methods of regulatory analysis (through studies that analyze the conduct of regulators). The authors have not found systematic attempts to measure how regulatory reform is changing the attitudes towards regulation of regulators and policy officers who develop legislation. Aggregation should reflect basic technical rules, but more importantly, it should be performed in a way that conveys messages to those who are supposed to make use of the composite measures. To illustrate, if the goals of regulatory reform are institutionalization, economic growth, accountability, interaction with the stakeholders and communication, aggregation should be performed along these four dimensions, not in relation to abstract technical properties.

Bibliographic Details

Main Authors:	International Finance Corporation, Multilateral Investment Guarantee Agency, World Bank
Format:	Report biblioteca
Language:	English en_US
Published:	World Bank, Washington, DC 2010
Subjects:	ACCOUNTABILITY, ADMINISTRATIVE BURDEN, ADMINISTRATIVE BURDENS, ADMINISTRATIVE COST, ADMINISTRATIVE COSTS, ADMINISTRATIVE PROCEDURE, ADMINISTRATIVE PROCEDURES, ADMINISTRATIVE REQUIREMENTS, ADVISORY PANEL, ADVISORY SERVICES, AGGREGATE INDICATOR, AGGREGATE INDICATORS, AGGREGATION METHOD, ALLOCATION OF RESOURCES, AMBITION, APPROACHES TO REGULATION, AREAS OF REGULATION, AUDITING, AUDITOR GENERAL, BENEFITS OF REGULATION, BUDGET SYSTEM, BUSINESS CLIMATE, BUSINESS DEVELOPMENT, BUSINESS ENTERPRISES, BUSINESS ENVIRONMENT, BUSINESS REGULATION, BUSINESS REGULATIONS, CABINET OFFICE, CAP, CITIZENS, COMMON LAW, COMPETITIVE MARKETS, COMPLIANCE COSTS, COMPOSITE INDICATOR, COMPOSITE INDICATORS, COMPOSITE MEASURES, CONSULTATION, CONSULTATIONS, CONTRACT ENFORCEMENT, CORRUPTION, COST-BENEFIT ANALYSIS, COST-EFFECTIVENESS, COSTS OF REGULATIONS, DATA COLLECTION, DATA GENERATION, DECISION MAKING, DECISION-MAKING, DECISION-MAKING PROCESS, DISCLOSURE, ECONOMIC ANALYSIS, ECONOMIC COOPERATION, ECONOMIC GROWTH, ECONOMIC IMPACT, ECONOMIC PERFORMANCE, ENVIRONMENTAL REGULATIONS, EX POST EVALUATION, FEDERAL BUDGET, FEDERAL GOVERNMENT, FEDERAL PROGRAMS, FEDERAL REGULATORY PROCESS, FEDERAL REGULATORY PROCESS MANAGEMENT, FINANCIAL MANAGEMENT, FOREIGN AFFAIRS, FOREIGN TRADE, GOOD GOVERNANCE, GOVERNANCE INDICATORS, GOVERNMENT ACCOUNTABILITY, GOVERNMENT AGENCIES, GOVERNMENT EFFECTIVENESS, GOVERNMENT PROGRAMS, HOUSE OF COMMONS, IMPACT OF REGULATION, IMPACT OF REGULATIONS, INSTITUTIONAL ARRANGEMENTS, INSTITUTIONAL MEASURES, INSTITUTIONAL QUALITY, INSTITUTIONALIZATION, INTERNATIONAL DEVELOPMENT, INTERNATIONAL ORGANIZATIONS, INTERNATIONAL TRADE, INVESTMENT CLIMATE, JURISDICTIONS, LABOR MARKET, LABOR MARKETS, LAW INDEX, LEARNING, LEGAL FRAMEWORK, LEGISLATION, MACROECONOMIC PERFORMANCE, MEMBER STATES, MUTUAL RECOGNITION, NATIONAL GOVERNMENTS, NEGOTIATION, OFFICE OF MANAGEMENT, PARLIAMENT, PER CAPITA INCOME, PERFORMANCE INDICATORS, PERFORMANCE MEASURES, POLICY COMMITTEE, POLICY COMPLIANCE, POLICY DOCUMENT, POLICY GOAL, POLITICAL INSTITUTIONS, POLITICAL RISK, POLITICAL STABILITY, POLITICIANS, POVERTY REDUCTION, PRESIDENCY, PROCESS MEASURES, PUBLIC INTEREST, PUBLIC MANAGEMENT, PUBLIC POLICY, PUBLIC PROTECTION, PUBLIC SECTOR, QUALITY ASSURANCE, QUALITY MANAGEMENT, QUALITY REGULATION, QUALITY REGULATIONS, REGRESSION ANALYSIS, REGULATION POLICIES, REGULATION POLICY, REGULATORS, REGULATORY AFFAIRS, REGULATORY AGENDA, REGULATORY AREA, REGULATORY AREAS, REGULATORY AUTHORITIES, REGULATORY BENEFITS, REGULATORY COSTS, REGULATORY ENVIRONMENT, REGULATORY IMPACT, REGULATORY IMPACT ASSESSMENT, REGULATORY IMPACTS, REGULATORY MANAGEMENT, REGULATORY MANAGEMENT SYSTEMS, REGULATORY MEASURES, REGULATORY OPTION, REGULATORY OPTIONS, REGULATORY OUTCOMES, REGULATORY POLICIES, REGULATORY POLICY, REGULATORY PRIORITIES, REGULATORY PROCESS, REGULATORY PROCESS MANAGEMENT STANDARDS, REGULATORY PROCESSES, REGULATORY PROGRAM, REGULATORY PROGRAMS, REGULATORY PROVISION, REGULATORY PROVISIONS, REGULATORY QUALITY, REGULATORY REFORM, REGULATORY REFORM INITIATIVES, REGULATORY REFORMS, REGULATORY SOLUTIONS, REGULATORY TOOLS, RULE OF LAW, RULES, SAFETY, SAFETY REGULATIONS, SOCIAL SECURITY, STATE CONTROL, STATISTICAL ANALYSIS, STATISTICAL METHODOLOGY, SUBJECTIVE DATA, SUBJECTIVE INDICATORS, SUBJECTIVE JUDGMENTS, TARGETING, TAXATION, TECHNICAL QUALITY, TRANSPARENCY, TREASURY BOARD, TREASURY BOARD SECRETARIAT, TYPES OF REGULATION, UNOBSERVED COMPONENTS MODEL,
Online Access:	http://documents.worldbank.org/curated/en/706411468324556808/Better-regulation-for-growth-governance-frameworks-and-tools-for-effective-regulatory-reform-regulatory-quality-indicators http://hdl.handle.net/10986/27877
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