One of the most interesting research area in economics concerns the measurement of relative competiveness of different economic systems. Among the several proposed indicators, a particularly relevant one is the Product Market Regulation (PMR) proposed by the OECD, calculated on the basis of a rich database. This paper uses the same database to compute alternative indicators. The main difference with the OECD indicator is that we propose a less invasive statistical methodology (CATPCA), suitable for the treatment of qualitative data. In addition we remove several arbitrary manipulations of basic data. The calculation delivered a new ranking of the 21 countries analyzed and some new interesting evidence.
Using {CATPCA} to Evaluate Market Regulation
Giuseppe Coco;
2006-01-01
Abstract
One of the most interesting research area in economics concerns the measurement of relative competiveness of different economic systems. Among the several proposed indicators, a particularly relevant one is the Product Market Regulation (PMR) proposed by the OECD, calculated on the basis of a rich database. This paper uses the same database to compute alternative indicators. The main difference with the OECD indicator is that we propose a less invasive statistical methodology (CATPCA), suitable for the treatment of qualitative data. In addition we remove several arbitrary manipulations of basic data. The calculation delivered a new ranking of the 21 countries analyzed and some new interesting evidence.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
