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Regulatory responsiveness in India: A normative and empirical framework for assessment

Listed author(s):
  • Anirudh Burman

    ()

    (National Institute of Public Finance and Policy)

  • Bhargavi Zaveri

    ()

    (Indira Gandhi Institute of Development Research)

Registered author(s):

    This paper seeks to measure the extent to which Indian regulators are responsive in the performance of their functions. The paper focuses on one function common to all Indian statutory regulators, namely, regulation making. To measure responsiveness, the paper constructs an index of benchmarks of responsive conduct, with corresponding quantifiable outputs. It empirically measures the responsiveness of the telecom and securities markets regulators in India, on this index. The paper finds that there are significant differences among the laws governing Indian regulators in the context of the requirement to be responsive, and that the degree of responsiveness of Indian regulators is directly proportional to the legal requirement for following participatory processes.

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    File URL: http://www.igidr.ac.in/pdf/publication/WP-2016-025.pdf
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    Paper provided by Indira Gandhi Institute of Development Research, Mumbai, India in its series Indira Gandhi Institute of Development Research, Mumbai Working Papers with number 2016-025.

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    Length: 24 pages
    Date of creation: Jul 2016
    Handle: RePEc:ind:igiwpp:2016-025
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    1. Braithwaite, John, 2006. "Responsive regulation and developing economies," World Development, Elsevier, vol. 34(5), pages 884-898, May.
    2. repec:cup:apsrev:v:77:y:1983:i:01:p:175-190_24 is not listed on IDEAS
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