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Promoting inclusive growth through better regulation: The role of regulatory impact assessment

Author

Listed:
  • Rex Deighton-Smith

    (Jaguar Consulting Pty Ltd)

  • Angelo Erbacci

    (OECD)

  • Céline Kauffmann

    (OECD)

Abstract

Regulatory Impact Assessment (RIA) is a critical tool in the hands of governments to ensure that regulation achieves its objectives. Inclusive growth has become an important objective of the political agenda of OECD countries. This paper examines the potential contribution of RIA to better incorporating the inclusive growth perspective in regulatory decision-making. It does this by reviewing current RIA policies and guidance documents in a range of OECD countries, by reviewing the literature on the use of RIA to address social and environmental issues and by sampling a number of recent RIA from leading countries. Building on the available evidence, the paper proposes a number of principles and considerations for decision-makers to design appropriate systems and mechanisms for addressing inclusive growth in RIA.

Suggested Citation

  • Rex Deighton-Smith & Angelo Erbacci & Céline Kauffmann, 2016. "Promoting inclusive growth through better regulation: The role of regulatory impact assessment," OECD Regulatory Policy Working Papers 3, OECD Publishing.
    • Handle: RePEc:oec:govaah:3-en
    DOI: 10.1787/5jm3tqwqp1vj-en
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    Cited by:

    1. De Visser Maartje, 2019. "Constitutional Judges as Agents for Development," The Law and Development Review, De Gruyter, vol. 12(3), pages 691-722, October.
    2. Kovachev, Goran, 2017. "Cost Analysis of the Regulatory Impact Assessment Process," MPRA Paper 83832, University Library of Munich, Germany, revised Nov 2017.
    3. Simon Grima & Pierpaolo Marano, 2021. "Designing a Model for Testing the Effectiveness of a Regulation: The Case of DORA for Insurance Undertakings," Risks, MDPI, vol. 9(11), pages 1-12, November.
    4. Maria Borga & Perla Ibarlucea Flores & Monika Sztajerowska, 2020. "Drivers of divestment decisions of multinational enterprises - A cross-country firm-level perspective," OECD Working Papers on International Investment 2019/03, OECD Publishing.
    5. Lee, Jongyearn, 2019. "Easier Set Than Done: Stakeholder Engagement as Public-Private Partnership in Regulatory Policy of South Korea," KDI Journal of Economic Policy, Korea Development Institute (KDI), vol. 41(3), pages 39-75.

    More about this item

    Keywords

    better regulation; evaluation; inclusive growth; regulatory impact assessment; regulatory policy; social welfare;
    All these keywords.

    JEL classification:

    • H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
    • I38 - Health, Education, and Welfare - - Welfare, Well-Being, and Poverty - - - Government Programs; Provision and Effects of Welfare Programs
    • K2 - Law and Economics - - Regulation and Business Law
    • K4 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior

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