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Measuring Regulatory Performance - OECD

Measuring Regulatory PerformanceEVALUATING THE IMPACT OF REGULATION AND Regulatory POLICYBy Cary CoglianeseExpert Paper No. 1, August 2012 ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENTThe OECD is a unique forum where governments work together to address the economic, social and environmental challenges of globalisation. The OECD is also at the forefront of efforts to understand and to help governments respond to new developments and concerns, such as corporate governance, the information economy and the challenges of an ageing population. The Organisation provides a setting where governments can compare policy experiences, seek answers to common problems, identify good practice and work to co-ordinate domestic and international OECD member countries are: Australia, Austria, Belgium, Canada, Chile, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Israel, Italy, Japan, Korea, Luxembourg, Mexico, the Netherlands, New Zealand, Norway, Poland, Portugal, the Slovak Republic, Slovenia, Spain, Sweden, Switzerland, Turkey, the United Kingdom and the United States.

regulatory policy, both positive and negative. However, if the benefits of a regulation or regulatory policy cannot be placed into monetary terms to facilitate a calculation of net benefits, the evaluator can rely next on cost-effectiveness, which measures the cost per nonmonetary unit of benefit. Should cost-

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