OECD Reviews of Regulatory Reform Regulatory Impact by OECD Organisation for Economic Co-operation and Development

By OECD Organisation for Economic Co-operation and Development

Regulatory influence research (RIA) is a systemic method of severely assessing the optimistic and unwanted effects of proposed and current rules and non-regulatory possible choices. This book brings jointly contemporary OECD examine and research pertaining to methodological concerns and nation stories with RIA. The accrued papers disguise a couple of demanding situations to the effectiveness of RIA together with: systemic components which impact the standard of RIA; methodological frameworks which can support RIA to enhance law; information on utilizing RIA to prevent pointless law of aggressive markets; and a assessment of using RIA within the rules of company governance throughout a few OECD nations. Taken jointly, this ebook presents invaluable, sensible assistance on the right way to enhance the functionality of RIA structures to advertise fiscal welfare via higher caliber legislation.

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Similar divergences can be found at the sub-national level. For example, the Australian Federal government applies RIA to both primary and secondary legislation but only one Australian State government (Victoria), follows suit. The rest apply RIA either to primary or to secondary legislation, or not at all. Limited information is available regarding the reasons why many countries have chosen to apply RIA to only certain types of legislation. One likely explanation of the use of RIA only at the level of subordinate legislation is that governments and/or parliaments see a greater need to constrain regulatory authority that has been delegated, rather than that which is exercised directly.

R Some countries such as the Finland and Japan require risk assessment on environmental regulations in all cases, while only in selected cases in the area of health and safety. These general characterisations of country practices provide little specific information as to what kinds of risk assessments are employed and the purposes for which they are used. Risk assessment can be used in pursuit of a number of goals within the RIA process, as follows: Threshold tests Acknowledging the limits to regulation, most RIA guidance emphasises the need to adopt a threshold test to determine whether the identified problem warrants a government policy response.

R In sum, there appears to be an increasingly generalised acceptance of the need to adopt the benefit-cost principle as the core of RIA methodology, with the centre of the debate increasingly shifting toward the issues of how effectively to integrate quantitative and qualitative balance of analysis into an integrated whole which best supports policy decision-making. Valuation of a statistical life. RIA guidance in many countries (and in most leading RIA countries) emphasises the need to quantify impacts as far as possible and to assign monetary values where practicable.

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