IDEAS home Printed from https://ideas.repec.org/p/qed/dpaper/168.html
   My bibliography  Save this paper

Canadian Regulatory Cost-Benefit Analysis Guide

Author

Listed:
  • Glenn Jenkins

    (Queen's University, Kingston, On, Canada)

  • CHUN-YAN KUO

    (Queen's University, Kingston, On, Canada)

  • JOHN GIRALDEZ

    (Treasury Board Secretariat Government of Canada)

Abstract

This Regulatory Cost-Benefit Analysis Guide was prepared for the use of federal departments and agencies as they perform cost-benefit analysis to determine the potential impact of regulatory decisions. The guide incorporates the evolution of regulatory policy and developments in the analysis of the impacts of regulations in Canada and elsewhere over the past decade. Such an analysis highlights the importance of identifying and measuring the economic benefits and costs as an essential input into the design process of such regulatory actions. The increased interest of governments in the consequences of regulation has led to the development of various cost-benefit analysis guides in countries such as the United States, Australia, and EU as well as by international organizations. This is the discussion version of the proposed cost benefit guide for the evaluation of regulatory proposal in Canada.

Suggested Citation

  • Glenn Jenkins & CHUN-YAN KUO & JOHN GIRALDEZ, 2007. "Canadian Regulatory Cost-Benefit Analysis Guide," Development Discussion Papers 2007-03, JDI Executive Programs.
  • Handle: RePEc:qed:dpaper:168
    as

    Download full text from publisher

    File URL: https://cri-world.com/publications/qed_dp_168.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Sandmo, Agnar & Dreze, Jacques H, 1971. "Discount Rates for Public Investment in Closed and Open Economies," Economica, London School of Economics and Political Science, vol. 38(152), pages 395-412, November.
    2. Arnold C. Harberger, 1972. "On Measuring the Social Opportunity Cost of Public Funds," Palgrave Macmillan Books, in: Project Evaluation, chapter 0, pages 94-122, Palgrave Macmillan.
    3. Lawrence H. Goulder & Roberton C. Williams III, 2003. "The Substantial Bias from Ignoring General Equilibrium Effects in Estimating Excess Burden, and a Practical Solution," Journal of Political Economy, University of Chicago Press, vol. 111(4), pages 898-927, August.
    4. Glenn P. Jenkins, 1981. "The Public-Sector Discount Rate for Canada: Some Further Observations," Canadian Public Policy, University of Toronto Press, vol. 7(3), pages 399-407, Summer.
    5. David Burgess, 2008. "Removing Some Dissonance From the Social Discount Rate Debate," University of Western Ontario, Economic Policy Research Institute Working Papers 20082, University of Western Ontario, Economic Policy Research Institute.
    6. David F. Burgess, 1981. "The Social Discount Rate for Canada: Theory and Evidence," Canadian Public Policy, University of Toronto Press, vol. 7(3), pages 383-394, Summer.
    7. Viscusi, W Kip, 1993. "The Value of Risks to Life and Health," Journal of Economic Literature, American Economic Association, vol. 31(4), pages 1912-1946, December.
    8. Marc Duhamel, 2006. "The Optimality of Arbitrary Partial Equilibrium Welfare Analysis," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 8(2), pages 321-343, May.
    9. Garber, Alan M. & Phelps, Charles E., 1997. "Economic foundations of cost-effectiveness analysis," Journal of Health Economics, Elsevier, vol. 16(1), pages 1-31, February.
    10. Marc Duhamel, 2003. "On the Social Welfare Objectives of Canada's Antitrust Statute," Canadian Public Policy, University of Toronto Press, vol. 29(3), pages 301-317, September.
    11. Harberger, Arnold C, 1971. "Three Basic Postulates for Applied Welfare Economics: An Interpretive Essay," Journal of Economic Literature, American Economic Association, vol. 9(3), pages 785-797, September.
    12. Cropper, Maureen L & Oates, Wallace E, 1992. "Environmental Economics: A Survey," Journal of Economic Literature, American Economic Association, vol. 30(2), pages 675-740, June.
    13. Glenn Jenkins, 1973. "The Measurement Of Rates Of Return And Taxation From Private Capital In Canada," Development Discussion Papers 1973-02, JDI Executive Programs.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Glenn Jenkins & Chun-Yan Kuo, 2007. "The Economic Opportunity Cost of Capital for Canada - An Empirical Update," Development Discussion Papers 2007-04, JDI Executive Programs.
    2. Glenn Jenkins & Chun-Yan Kuo & Arnold C. Harberger, 2011. "Cost-Benefit Analysis for Investment Decisions: Chapter 8 (The Economic Opportunity Cost of Capital)," Development Discussion Papers 2011-08, JDI Executive Programs.
    3. Henrik Andersson & Nicolas Treich, 2011. "The Value of a Statistical Life," Chapters, in: André de Palma & Robin Lindsey & Emile Quinet & Roger Vickerman (ed.), A Handbook of Transport Economics, chapter 17, Edward Elgar Publishing.
    4. Chun-Yan Kuo & Steven Clark, 1991. "An Evaluation of the Exploration Tax Credit," Development Discussion Papers 1991-14, JDI Executive Programs.
    5. Buzby, Jean C. & Roberts, Tanya & Allos, Ban Mishu, 1997. "Estimated Annual Costs of Campylobacter-Associated Guillain-Barre Syndrome," Agricultural Economic Reports 33969, United States Department of Agriculture, Economic Research Service.
    6. Li, Qingran & Pizer, William A., 2021. "Use of the consumption discount rate for public policy over the distant future," Journal of Environmental Economics and Management, Elsevier, vol. 107(C).
    7. Ronald G. Wirick, 1982. "Prospects for the World Petroleum Market and Implications for Canadian Policy," Canadian Public Policy, University of Toronto Press, vol. 8(4), pages 534-553, Autumn.
    8. Benoît Pierre Freyens & Chris Jones, 2014. "Efficient Allocation of Radio Spectrum," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 16(1), pages 1-23, February.
    9. Michael Power & Elizabeth Jewkes, 1992. "The Commercial Potential of Nova Scotian Natural Gas," Canadian Public Policy, University of Toronto Press, vol. 18(1), pages 76-88, March.
    10. Kenkel, Don, 1997. "On valuing morbidity, cost-effectiveness analysis, and being rude," Journal of Health Economics, Elsevier, vol. 16(6), pages 749-757, December.
    11. Rennert, Kevin & Prest, Brian C. & Pizer, William & Newell, Richard G. & Anthoff, David & Kingdon, Cora & Rennels, Lisa & Cooke, Roger & Raftery, Adrian E. & Ševčíková, Hana & Errickson, Frank, 2021. "The Social Cost of Carbon: Advances in Long-Term Probabilistic Projections of Population, GDP, Emissions, and Discount Rates," RFF Working Paper Series 21-28, Resources for the Future.
    12. Owens, Nicole N. & Swinton, Scott M. & Ravenswaay, Eileen O. van, 1995. "Farmer Demand for Safer Pesticides," Staff Paper Series 201201, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    13. Peter S. Spiro, 1984. "Exchange Rate Risk and the Cost of Foreign Capital," Canadian Public Policy, University of Toronto Press, vol. 10(1), pages 54-63, March.
    14. Chun‐Yan Kuo & Glenn P. Jenkins & M. Benjamin Mphahlele, 2003. "The Economic Opportunity Cost Of Capital In South Africa," South African Journal of Economics, Economic Society of South Africa, vol. 71(3), pages 523-543, September.
    15. Kotchen, Matthew J. & Levinson, Arik, 2023. "When Can Benefit–Cost Analyses Ignore Secondary Markets?," Journal of Benefit-Cost Analysis, Cambridge University Press, vol. 14(1), pages 114-140, March.
    16. Ahmed Badawi, 2003. "Private capital formation and public investment in Sudan: testing the substitutability and complementarity hypotheses in a growth framework," Journal of International Development, John Wiley & Sons, Ltd., vol. 15(6), pages 783-799.
    17. Crutchfield, Stephen R. & Buzby, Jean C. & Roberts, Tanya & Ollinger, Michael & Lin, Chung-Tung Jordan, 1997. "Economic Assessment of Food Safety Regulations: The New Approach to Meat and Poultry Inspection," Agricultural Economic Reports 34009, United States Department of Agriculture, Economic Research Service.
    18. Kuchler, Fred & Golan, Elise H., 1999. "Assigning Values To Life: Comparing Methods For Valuing Health Risks," Agricultural Economic Reports 34037, United States Department of Agriculture, Economic Research Service.
    19. Andrea Baranzini & José V. Ramirez & Caroline Schaerer & Philippe Thalmann, 2008. "Introduction to this Volume: Applying Hedonics in the Swiss Housing Markets," Swiss Journal of Economics and Statistics (SJES), Swiss Society of Economics and Statistics (SSES), vol. 144(IV), pages 543-559, December.
    20. Jack M. Mintz & Thomas A. Wilson, 1995. "Realization and Revenue Effects of Lifetime Capital Gains Exemptions," Canadian Public Policy, University of Toronto Press, vol. 21(s1), pages 174-192, November.

    More about this item

    Keywords

    cost-benefit analysis of regulations; cost effectiveness analysis; impact analysis; economic analysis; stakeholder impact; risk assessment.;
    All these keywords.

    JEL classification:

    • H43 - Public Economics - - Publicly Provided Goods - - - Project Evaluation; Social Discount Rate

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:qed:dpaper:168. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Mark Babcock (email available below). General contact details of provider: https://edirc.repec.org/data/qedquca.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.