How indicators perform: a review of the literature

Claudio M. Radaelli and Fabrizio De Francesco

in Regulatory Quality in Europe

Published by Manchester University Press

Published in print December 2011 | ISBN: 9780719074042
Published online July 2012 | e-ISBN: 9781781701577 | DOI:
How indicators perform: a review of the literature

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This chapter provides a critical analysis of the most important measures used to assess the quality of regulation. It reviews indicators produced by academics, the World Bank and the OECD. It links indicators to policy processes by showing how and when they can be used, in relation to sets of principles of better regulation and by types of policy-makers. It starts with economic studies that rely on statistical analysis and proposes systems to aggregate indicators of regulatory quality into an overall index. Then, it turns to simple measures to assess the quality of regulation. The advantage of simple measures is related to the direct link between a phenomenon and a number. It shows that the distinction between objective and subjective indicators of regulatory governance is not clear-cut.

Keywords: regulation quality; World Bank; OECD; regulatory governance

Chapter.  10599 words.  Illustrated.

Subjects: European Union

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