Improvement in legislation quality and application of law
Definition
Perceptions of the ability of the government to formulate and implement sound policies and regulations that permit and promote private sector development.
Unit
points
Available dimensions
total
Methodological explanations
Regulatory quality is one of the six good governance indicators, so called Worldwide Governance Indicators (WGI). The other good governance indicators include: voice and accountability, political stability and absence of violence/ terrorism, government effectiveness, rule of law and control of corruption. The six aggregate indicators range from -2.5 to 2.5, with higher values corresponding to better governance.
