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1、EconomicAnalysisofPolicy-BasedOperations:KeyDimensionsRichardBolt,ManabuFujimura,CindyHouser,FranklinDeGuzman,FrederickNixson,JohnWeissCopyright:AsianDevelopmentBank2003.Allrightsreserved.TheviewsexpressedinthisbookarethoseoftheauthorsanddonotnecessarilyreflecttheviewsandpoliciesoftheA
2、sianDevelopmentBank(ADB),oritsBoardofGovernors,orthegovernmentstheyrepresent.ADBdoesnotguaranteetheaccuracyofthedataincludedinthispublicationandacceptsnoresponsibilityforanyconsequencesoftheiruse.Useoftheterm“country”doesnotimplyanyjudgmentbytheauthorsorADBastothelegalorotherstatusofan
3、yterritorialentity.ISBN971-561-491-4PublicationStockNo.040703PublishedandprintedbytheAsianDevelopmentBank,2003.iiPREFACEPREFACEThisvolumeistheresultofanin-houseEconomicsandResearchDepartment(ERD)study:GoodPracticeAnalysisinSupportofADB’sPolicy-BasedLending.Itaddressesvariousaspectsofan
4、alysisandpreparationofpolicyoperations.Issuescoveredincludeunder-standingthemacroeconomiccontextofsectorpolicyreformoperationsusingamacro-meso-microperspective,sectoranalysiswithemphasisonpricepolicyandthein-stitutionalcontext,analyticalapproachesforassessingtheimpactofpolicychangeincl
5、udingpovertyimpactassessmentandpoliticaleconomyconsiderationsofreformcosts,anddesignconsiderationsoftheAsianDevelopmentBank(ADB)policy-basedloans.WorkingpaperspreparedbytheEconomicAnalysisandOperationsSupportDivision(EREA)arefrequentlycross-referenced:Policy-BasedLendingandPovertyReduc
6、tion:AnOver-viewofProcesses,Assessment,andOptions(BoltandFujimura2002)andTowardaPoliticalEconomyApproachtoPolicy-BasedLending(Abonyi2002).BotharepartoftheERDworkingpaperseries.Itishopedthattheworks,combined,willcontributetowardimprovingADB’soperationsthroughbetterpracticeinpolicyanalys
7、is.ThisvolumewaspreparedbyRichardBolt,ManabuFujimura,CindyHouser,FranklinDeGuzman,JohnWeiss,andFrederickNixson,witheditorialassistancefromXianbinYao(AssistantChiefEconomist,EREA,ERD)andDavidEdwards(Director,OperationsEvaluationDivision2).ThefollowingADBstaffreviewedandprovidedvalu-ab
