# **Table B4:  Regulatory Quality**

**Code**

### **Concept Measured**

## **Representative Sources**

**DRI** _Regulations_ -- _Exports:_ A 2% reduction in export volume as a result of a worsening in export regulations or restrictions (such as export limits) during any 12-month period, with respect to the level at the time of the assessment. _Regulations_ -- _Imports:_ A 2% reduction in import volume as a result of a worsening in import regulations or restrictions (such as import quotas) during any 12-month period, with respect to the level at the time of the assessment. _Regulations_ -- _Other Business_ : An increase in other regulatory burdens, with respect to the level at the time of the assessment, that reduces total aggregate investment in real LCU terms by 10% _Ownership of Business by Non-Residents:_ A 1-point increase on a scale from "0" to "10" in legal restrictions on ownership of business by non-residents during any 12-month period. _Ownership of Equities by Non-Residents_ : A 1-point increase on a scale from "0" to "10" in legal restrictions on ownership of equities by non-residents during any 12-month period. **EIU** Unfair competitive practices Price controls Discriminatory tariffs Excessive protections **GCS** Administrative regulations are burdensome Tax system is distortionary Import barriers as obstacle to growth Competition in local market is limited Anti monopoly policy is lax and ineffective Environmental regulations hurt competitiveness Complexity of tax System Easy to start company **HER** Foreign investment Banking / finance Wage/Prices **MIG** _Unfair Competition_ . _Unfair Trade_ . **PRS** _Investment Profile._ **WMO** _Tax Effectiveness:_ How efficient the country’s tax collection system is. _Legislation:_ An assessment of whether the necessary business laws are in place. **Non-representative Sources ADB** Trade policy Competitive environment Labor Market Policies **ASD** Trade Policy and Forex Regime Enabling Environment for Private Sector Development **BPS** Information on the laws and regulations is easy to obtain How problematic are anti competitive practices for the growth of your business. How problematic are unpredictable regulations for the growth of your business. How problematic are labor regulations for the growth of your business. How problematic are tax regulations for the growth of your business. How problematic are custom and trade regulations for the growth of your business. **BTI** Competition Price Stability **CPIA** Competitive environment Trade policy **EBRD** Price liberalization Trade & foreign exchange system Competition policy **IFD** Enabling conditions for rural financial services development Investment climate for rural businesses Access to agricultural input and produce markets **WCY** Access to capital markets (foreign and domestic) is easily available Ease of Doing Business Banking regulation does not hinder competitiveness Competition legislation in your country does not prevent unfair competition Customs' authorities do not facilitate the efficient transit of goods Financial institutions' transparency is not widely developed in your country Easy to start company Foreign investors are free to acquire control in domestic companies Price controls affect pricing of products in most industries Public sector contracts are sufficiently open to foreign bidders Real corporate taxes are non distortionary Real personal taxes are non distortionary The exchange rate policy of your country hinders the competitiveness of enterprises The legal framework is detrimental to your country's competitiveness Protectionism in your country negatively affects the conduct of business in your country Labor regulations hinder business activities Subsidies impair economic development

_Regulations_ -- _Imports:_ A 2% reduction in import volume as a result of a worsening in import regulations or restrictions (such as import quotas) during any 12-month period, with respect to the level at the time of the assessment.

_Ownership of Business by Non-Residents:_ A 1-point increase on a scale from "0" to "10" in legal restrictions on ownership of business by non-residents during any 12-month period.

_Ownership of Equities by Non-Residents_ : A 1-point increase on a scale from "0" to "10" in legal restrictions on ownership of equities by non-residents during any 12-month period.

## **Non-representative Sources**

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