Table 1: Source and coverage of data on structural reforms
|
Source |
Description of data from which reform
indicators have been constructed |
Country
coverage |
Year
coverage |
Reform
indicator |
|
Labour |
IMF |
Labour market index consisting of the |
EU-14 |
1970- |
The yearly |
|
market reform | |
unweighted average of indicators of
employment restriction, unemployment benefit
replacement rate and benefit duration. The
index is normalized in such a way to be
between 0 and 1 and to increase as labour
market restrictions are reduced. Original data
source: Nickell and Nunziata (2001), Labour
Market Institutions Database and data used in
OECD data. |
except
EL |
1998* |
change in the
labour market
index is positive
and bigger than
the median
positive change |
|
Product |
IMF |
Index measuring entry barriers, public |
EU-14 |
1975- |
The yearly |
|
market reform | |
ownership, market structure, vertical
integration and price controls in public utilities
and transport services. The index is normalized
in such a way to be between 0 and 1 and to
increase as product market restrictions are
reduced. Original data source: Nicoletti and
Scarpetta (2003). |
except
EL |
1998 |
change in the
product market
index is positive
and bigger than
the median
positive change |
|
Pension
reforms |
FRDB |
Data reporting the years in which reforms in
the pension systems were approved by the
parliament and the main characteristics of
reforms. |
EU-14 |
1985-
2001 |
A pension
reform making
the system less
generous took
place in the year |
Notes: *Except AT (1973-1998), PT (1975-1998) and FI (1971-1998).
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