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Composite and decomposable indicators for evaluating RIA systems in practice: proposals for discussion and testing

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  • de Panizza, Andrea

Abstract

This paper proposes a first attempt for the development of a statistical tool where basic measures and/or tests (i.e. individual indicators) are organised and grouped in composite indices addressing different dimensions within Regulatory Impact Assessment (RIA). The latter can be variously combined, resulting also in more general, synthetic indicators, preserving the components’ constituent elements. Due to current limitations in information availability, weights for aggregation are left undetermined in practice; the same reason impacts on selection of elementary indicators and the shape of composites, so that appropriate methodologies ought to be applied to get to a fully operational stage. A derived frame is also proposed, limited to a monetary perspective on the overall performance of RIA national systems, by means of a handful of key indicators which are less dependent on issues of aggregation

Suggested Citation

  • de Panizza, Andrea, 2007. "Composite and decomposable indicators for evaluating RIA systems in practice: proposals for discussion and testing," MPRA Paper 13069, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:13069
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    File URL: https://mpra.ub.uni-muenchen.de/13069/1/MPRA_paper_13069.pdf
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    References listed on IDEAS

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    1. Michela Nardo & Michaela Saisana & Andrea Saltelli & Stefano Tarantola & Anders Hoffman & Enrico Giovannini, 2005. "Handbook on Constructing Composite Indicators: Methodology and User Guide," OECD Statistics Working Papers 2005/3, OECD Publishing.
    2. Colin Kirkpatrick & David Parker (ed.), 2007. "Regulatory Impact Assessment," Books, Edward Elgar Publishing, number 3846.
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    More about this item

    Keywords

    Regulatory Impact Assessment; composite indicators; key indicators;
    All these keywords.

    JEL classification:

    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • D78 - Microeconomics - - Analysis of Collective Decision-Making - - - Positive Analysis of Policy Formulation and Implementation
    • C19 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Other

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