Promoting inclusive growth through better regulation

Deighton-Smith, Rex; Erbacci, Angelo; Kauffmann, Céline

doi:10.1787/5jm3tqwqp1vj-en

Cited by 9 publications

(3 citation statements)

References 38 publications

(51 reference statements)

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“…The list of indices used in the WEF's Global Competitiveness Report (2018 [23]) is provided in Annex A. The indicators they collect reflect countries' ability to attract economic activity over the long term rather than measures of competitiveness per se (Dechezleprêtre and Sato, 2017 [24]) and as such they may not always fit the analysis of a particular regulatory proposal on competitiveness. They are nonetheless a resource that member countries could draw on, if they created their own measure of competitiveness.…”

Section: Selected Definitions Of Competitivenessmentioning

confidence: 99%

How do laws and regulations affect competitiveness

Davidson

Kauffmann

Liedekerke

2021

OECD Regulatory Policy Working Papers

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The impacts of laws and regulations on competitiveness have strong implications for OECD economies, as they can lead to unforeseen negative externalities and considerable regulatory costs for businesses and citizens. Nevertheless, the use of regulatory policy to assess the impacts of regulations on competitiveness has seldom been examined. This paper fills this gap by reviewing OECD members' regulatory appraisal practices for competitiveness undertaken as part of their regulatory impact assessment (RIA) frameworks. This paper finds that most OECD members already assess the impacts of regulations on some components of competitiveness; however, they fail to present a holistic and comprehensive analysis that examines the full impacts of regulations. The report categorises regulatory impacts on competitiveness into three strongly interrelated components: cost competitiveness, innovation, and international competitiveness. Given these interlinkages, there is scope to develop a more complete framework for policy makers to define and assess the competitiveness impacts of regulation as part of their RIA processes.

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Section: Selected Definitions Of Competitivenessmentioning

confidence: 99%

How do laws and regulations affect competitiveness

Davidson

Kauffmann

Liedekerke

2021

OECD Regulatory Policy Working Papers

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“…However, regulation and enforcement must be consistent for similar transactions and activities. Regulations should not be enacted just for the sake of justifying the regulators' importance (Deighton-Smith et al 2016;Armstrong and Sappington 2006;OECD n.d.). The regulation should ensure that any burden or restriction imposed is proportionate to the benefits expected (Financial Conduct Authority 2020).…”

Section: Determining Propositionsmentioning

confidence: 99%

Designing a Model for Testing the Effectiveness of a Regulation: The Case of DORA for Insurance Undertakings

Grima

Marano

2021

Risks

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Technology is sometimes seen as a disruption that although provides opportunities for growth and development, also provides opportunities for deception, theft, and fraud. On the other hand, automation can make it easier to identify and protect from threats. Hence, a proposal was made by the European Commission to enact a digital operations resilience act. Therefore, our objective in this paper is to lay out the perceived characteristics of effective regulation by using DORA as our case study. We do this by carrying out a literature review and extracting using the thematic analysis approach propositions for these characteristics. Then, we test these using exploratory factor analysis and design a model for perceived effective regulation (PERM). We test the reliability and validity of this model by using the Cronbach alpha. Results show that according to our model, an effective regulation should have four characteristics, specifically “Flexibility and Integration”, “Proportionality and Cost”, “Reliability and Transparency”, and “Relevance and Timeliness”. Findings laid out in this paper and PERM can be used to test other proposed regulations to ensure that they are effective before being enacted and also to determine when there is a need for a revamp in specified areas of current regulations and requirements.

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“…RIA may also be used as a tool to promote broader policy objectives such as inclusive growth and competition through better regulation. Recent OECD research (Deighton-Smith et al, 2016) has highlighted the potential contribution of RIA as a tool to support inclusive growth by including the regulations' impacts on dimensions related to inclusive growth such as the impact on inequality, poverty, unemployment, or specific social groups. A number of OECD countries have taken steps to use RIA in this way.…”

Section: Box 5 Paths To Introduce Riamentioning

confidence: 99%

Regulatory policy In Latin America

Querbach¹,

Arndt²

2017

OECD Regulatory Policy Working Papers

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This series gathers together OECD working papers on the tools, governance and institutions of better regulation and their impact on policy outcomes. It includes both technical and analytical material, prepared by staff and experts in the field. Together, the papers provide valuable context and background for OECD publications on regulatory policy and governance.OECD Working Papers should not be reported as representing the official views of the OECD or of its member countries. The opinions expressed and arguments employed are those of the authors.

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Promoting inclusive growth through better regulation

Cited by 9 publications

References 38 publications

How do laws and regulations affect competitiveness

How do laws and regulations affect competitiveness

Designing a Model for Testing the Effectiveness of a Regulation: The Case of DORA for Insurance Undertakings

Regulatory policy In Latin America

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