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The OECD Indicators of Product Market Regulation (PMR) are a comprehensive and internationally-comparable set of indicators that measure the degree to which policies promote or inhibit competition in areas of the product market where competition is viable. They measure the economy-wide regulatory and market environments in OECD countries in (or around) 1998, 2003 and 2008, and are consistent across time and countries.
The indicators cover formal regulations in the following areas:
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state control of business enterprises;
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legal and administrative barriers to entrepreneurship;
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barriers to international trade and investment.
The original 1998 work on the PMR indicators and the 2003 update are described in
OECD Economics Department Working Paper No. 226, "Summary indicators of product market regulation with an extension to employment protection legislation" and OECD Economics Department Working Paper No. 419, Product market regulation in OECD countries: 1998 to 2003.
The PMR indicator system has been updated and substantially revised in 2008. The revised "integrated PMR" which replaces the previous economy-wide PMR indicator integrates sectoral information to a much larger extent than in the past and adopts a simpler and more transparent aggregation technique.
The "new generation PMR" extends the coverage to new relevant regulatory issues, notably regulatory governance, and provides a more elaborate measure of the regulatory treatment of foreign parties.
The 2008 update and revision of the PMR indicators is described in detail in the forthcoming OECD Economics Department Working Paper No 695, "Ten years of product market reform in OECD countries – insights from a revised PMR indicator”.
The values for these economy-wide PMR indicators can be accessed via the OECD Stats Browser or by downloading an Excel file of the full set of PMR indicators.
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Integrated PMR indicator (1998, 2003, 2008)
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New generation PMR indicator (2008)
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The main sources of information used to construct the PMR indicators are the responses of OECD member governments to the Regulatory Indicators Questionnaire and data published by the OECD and other international organisations. All these data have been extensively checked by OECD and government experts. The regulatory data used to construct the PMR indicators can be downloaded in an excel file.
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