Governments throughout the world are requiring greater use of economic analysis as a way of informing policy decisions. This paper, provides a comprehensive analysis of the use of impact assessment in the European Union, using US assessments as a benchmark. We find that recent EU impact assessments include more economic information than they did in the past, although important items are still missing. We also provide evidence that the quality of EU impact assessment increases with the expected cost of a proposal. Furthermore, we find that the quality of EU assessments that report high total costs is similar to that of US assessments.
Published by: Regulation & Governance, Vol .2, No. 4, December 2008 , pp. 405-424(20)
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