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The Serbian Regulatory Reform And Governance


  • Ljubinka Joksimoviæ

    () (Faculty of Economics, Belgrade, Serbia)


More and more, society is becoming aware that regulations, while necessary, also impose high costs on individuals, businesses and the public sector. Regulations that are unclear, obsolete and bad-ly designed prevent achievement of the intended social and economic goals. Therefore, governments all over the world initiate programs on better regulation. As the Serbian government recognized the problem of a large number of inefficient regulations in its system, it enacted in July 2008 its regulatory reform project or its well known “guillotine” in-volving the one-time rendering of inefficient regulations ineffective or their amendment. After introduction, it is elaborated upon the drivers of the OECD and the European Union Pol-icy on Better Regulation, their experience in improving regulatory environment and policy lessons gained. The next part examines how the Serbian government actually goes about creating better busi-ness regulation. Here is the review of the Serbian Comprehensive Regulatory Reform or Regulatory Guillotine as a first stage in the Strategy of Regulatory Reform. The last part of article points to the coming challenges in governance architecture for steering regulatory reform in Serbia: credibility, evidence based solution for any kind of regulation problem, legitimacy, transparency.

Suggested Citation

  • Ljubinka Joksimoviæ, 2010. "The Serbian Regulatory Reform And Governance," Analele Stiintifice ale Universitatii "Alexandru Ioan Cuza" din Iasi - Stiinte Economice, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 2010, pages 234-254, july.
  • Handle: RePEc:aic:journl:y:2010:v:se:p:234-254

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    References listed on IDEAS

    1. Gren, Ing-Marie, 2003. "Monetary Green Accounting and Ecosystem Services," Working Papers 86, National Institute of Economic Research.
    2. Herbohn, Kathleen, 2005. "A full cost environmental accounting experiment," Accounting, Organizations and Society, Elsevier, vol. 30(6), pages 519-536, August.
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    More about this item


    Regulations; regulatory reform; governance; guillotine;

    JEL classification:

    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
    • P11 - Economic Systems - - Capitalist Systems - - - Planning, Coordination, and Reform
    • R38 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Government Policy


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