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Industrial Policy and Economic Transformation in Africa$
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Joseph Stiglitz and Akbar Noman

Print publication date: 2015

Print ISBN-13: 9780231175180

Published to Columbia Scholarship Online: May 2016

DOI: 10.7312/columbia/9780231175180.001.0001

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Measuring Policy Performance

Measuring Policy Performance

Can We Do Better than the World Bank?

(p.268) Chapter 9 Measuring Policy Performance
Industrial Policy and Economic Transformation in Africa

Julia Cagé

Columbia University Press

Critical analysis of the different measures of “policy performance” that are being used by international organization to rank countries on the “goodness” of their policies. Focuses in particular on the World Bank’s Country Policy and Institutional Assessment (CPIA). Both anecdotal and econometric evidence find that CPIA is not a good predictor of future economic growth. Argues for new measures of policy performance and for more weight to be given to the role and capacities of governments and to measuring the quality of industrial policy, especially for export promotion.

Keywords:   World Bank, CPIA, ranking policy performance, governmental capacities, “Doing Business” indicators, industrial policy

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