Regulatory Process, Regulatory Reform, and the Quality of Regulatory Impact Analysis

Abstract

Numerous regulatory reform proposals would require federal agencies to conduct more thorough economic analysis of proposed regulations or expand the resources and influence of the Office of Information and Regulatory Affairs (OIRA), which currently reviews executive branch regulations. Such reforms are intended to improve the quality of economic analysis agencies produce when they issue major regulations. We employ newly gathered data on variation in current administrative procedures to assess the likely effects of proposed regulatory process reforms on the quality of agencies’ regulatory impact analyses (RIAs). Our results suggest that greater use of advance notices of proposed rulemakings for major regulations, advance consultation with regulated entities, use of advisory committees, and expansion of OIRA’s resources and role would improve the quality of RIAs. They also suggest pre-proposal public meetings with stakeholders are associated with lower quality analysis.

Multifunctional Nanosystem for Targeted and Controlled Delivery of Multiple Chemotherapeutic Agents for the Treatment of Drug-Resistant Breast Cancer

“…57 In order to investigate the impacts of drug concentration on cell viability, the regulatory impact analysis (RIA) was used, which could provide a detailed and systematic appraisal of the potential impacts of drug concentration on cell viability. 58 The results (Figure 7B) indicate the drug-loaded Ch-MLNPs had a better anticancer capacity on MDR cancer cells than on non-MDR cancer cells. Moreover, the triple-drug-loaded nanosystem performed better than the double-drug-loaded nanosystem (without silybin) on MDR cancer cells, likely because of the activity of silybin on blocking P-gp.…”

Organizational Capacity, Regulatory Review, and the Limits of Political Control

“…In particular, Copeland identifies a number of different political and organizational factors that may affect regulatory delay. See also Ellig andFike (2013), McLaughlin (2011), and Balla et al (2011). Ours is the first analysis to systematically examine the effects of both political and capacity factors.…”

“…23 Next we include two dummy variables, Econ Significant and Regulatory Flexibility Analysis, to account for the complexity of the rule. Rules that take a value of "1" for these variables require additional analyses and should be associated with longer reviews (Ellig and Fike 2013). We also include Agency Budget, which accounts for changes in budget levels across the submitting agencies.…”

The Age of FinTech: Implications for Research, Policy and Practice

“…Pousttchi and Dehnert (2018), for instance, focused on the impact of digitalization on retail banking, attracting attention to how technologies are shaping consumer behavior toward search, purchase and use of FS. Yet, a systematic, cohesive and joint research agenda informed by stakeholder's views and roles in conceptualizing, developing and delivering technologies has the potential to shape future awareness, regulation and growth of FinTech rms through deeper understanding of design, manipulation and impact of market exchanges (Ellig and Fike, 2016;Gomber et al, 2018).…”