European Bank for Reconstruction and Development Transition Report
Summary: The European Bank for Reconstruction and Development (EBRD) Transition Report provides expert assessment of transition economies (countries) in terms of their progress towards market economy status. The reports have been prepared by EBRD staff annually since 1996.
Main Points: The Transition Report includes scores on a 5-point scale for Transition Indicators measuring progress towards market economy status. The sectoral transition scores reflect the judgements of
the EBRD’s Office of the Chief Economist about progress in transition by sector and the size of the remaining transition “gap” or challenges ahead. Based on the results of this scoring exercise, remaining transition gaps for market structure and institutions were classified as either “negligible”, “small”, “medium” or “large”.
Main components
1. Liberalisation and privatisation
· Current account convertibility
· Controls on inward direct investment
· Interest rate liberalisation
· Exchange rate regime
· Wage regulation
· Tradability of land
2. Business environment and competition
· Competition Office
· Quality of insolvency law
· Secured transactions laws
· Quality of corporate governance laws
3. Infrastructure
· Independent telecommunications regulator
· Independent electricity regulator
.
· Separation of railway infrastructure from operations
· Independence of road directorate
Quality of concession laws
4. Financial sector
· Capital adequacy ratio
· Deposit insurance system
· Quality of securities market laws
· Private pension funds
5. Social reform
· Share of population living in poverty
· Government expenditure on health
· Government expenditure on education
· Share of power, water in household expenditure
The dataset covers global sample of countries.
Access to database: http://www.ebrd.com/russian/pages/research/economics/data/macro.shtml
Source: Structural Indicators Box Methodology:
http://www.ebrd.com/russian/pages/research/economics/data/macro/tds_methodology.shtml
Page Created By: Madina Junussova. The content presented on this page is drawn directly from the source(s) cited above, and consists of direct quotations or close paraphrases. This material does not necessarily reflect the official view of the publishing organization.