Here Is Your Money Using The Standard Cost Model To Measure Regulatory Compliance Costs In Developing Countries PDF Download
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Author | : International Finance Corporation |
Publisher | : |
Total Pages | : |
Release | : 2010 |
Genre | : |
ISBN | : |
Download Here Is Your Money Book in PDF, ePub and Kindle
Over the last few years the Standard Cost Model (SCM) has become the regulatory reform tool of choice in European Union (EU) and Organization for Economic Co-operation and Development (OECD) countries for identifying and reducing regulatory compliance costs. SCM provides a relatively simple methodology to measure and communicate businesses' paperwork obligations arising from compliance with governments' regulations. More recently the SCM has also been adapted and applied in a number of developing countries, including Kenya, Zambia, Vietnam, Burkina Faso, and Rwanda. It is still too early days to conclude much on the SCM model's general applicability in developing countries. However as part of a broader reform package the SCM has proven capable of strengthening momentum by providing new insights into regulatory obligations, by quantifying the costs and time associated with information obligations both at aggregate and at a rule-specific level. It has hence proven useful both as a tool to target specific interventions and to monitor the impact of reform. This document provides a number of lessons from the first few years of using SCM in regulatory reforms, with a focus on business licensing, in developing countries. These lessons are not intended to provide a final account on how SCM is to be carried out in developing countries. Along with its dissemination across the globe, SCM has experienced a constant development. This document aims to point out a number of important issues that have been observed and tested during the initial measurements in World Bank client countries to prevent future practitioners from the need to re-invent the wheel.
Author | : |
Publisher | : |
Total Pages | : 28 |
Release | : 2010 |
Genre | : |
ISBN | : |
Download Here is your money! Using the standard cost model to measure regulatory compliance costs in developing countries Book in PDF, ePub and Kindle
Author | : Keith Eugene Maskus |
Publisher | : World Bank Publications |
Total Pages | : 35 |
Release | : 2005 |
Genre | : Administrative and Regulatory Law |
ISBN | : |
Download The Cost of Compliance with Product Standards for Firms in Developing Countries Book in PDF, ePub and Kindle
Abstract: Standards and technical regulations exist to protect consumer safety or to achieve other goals, such as ensuring the interoperability of telecommunications systems, for example. Standards and technical regulations can, however, raise substantially both start-up and production costs for firms. Maskus, Otsuki, and Wilson develop econometric models to provide the first estimates of the incremental production costs for firms in developing nations in conforming to standards imposed by major importing countries. They use firm-level data generated from 16 developing countries in the World Bank Technical Barriers to Trade (TBT) Survey Database. Their findings indicate that standards do increase short-run production costs by requiring additional inputs of labor and capital. A 1 percent increase in investment to meet compliance costs in importing countries raises variable production costs by between 0.06 and 0.13 percent, a statistically significant increase. The authors also find that the fixed costs of compliance are nontrivial-approximately.
Author | : Keith E. Maskus |
Publisher | : |
Total Pages | : |
Release | : 2012 |
Genre | : |
ISBN | : |
Download The Cost of Compliance with Product Standards for Firms in Developing Countries Book in PDF, ePub and Kindle
Standards and technical regulations exist to protect consumer safety or to achieve other goals, such as ensuring the interoperability of telecommunications systems, for example. Standards and technical regulations can, however, raise substantially both start-up and production costs for firms. Maskus, Otsuki, and Wilson develop econometric models to provide the first estimates of the incremental production costs for firms in developing nations in conforming to standards imposed by major importing countries. They use firm-level data generated from 16 developing countries in the World Bank Technical Barriers to Trade (TBT) Survey Database. Their findings indicate that standards do increase short-run production costs by requiring additional inputs of labor and capital. A 1 percent increase in investment to meet compliance costs in importing countries raises variable production costs by between 0.06 and 0.13 percent, a statistically significant increase. The authors also find that the fixed costs of compliance are nontrivial-approximately $425,000 per firm, or about 4.7 percent of value added on average. The results may be interpreted as one indication of the extent to which standards and technical regulations might constitute barriers to trade. While the relative impact on costs of compliance is relatively small, these costs can be decisive factors driving export success for companies. In this context, there is scope for considering that the costs associated with more limited exports to countries with import regulations may not conform to World Trade Organization rules encouraging harmonization of regulations to international standards, for example. Policy solutions then might be sought by identifying the extent to which subsidies or public support programs are needed to offset the cost disadvantage that arises from nonharmonized technical regulations.
Author | : OECD |
Publisher | : OECD Publishing |
Total Pages | : 282 |
Release | : 2016-04-25 |
Genre | : |
ISBN | : 9264254595 |
Download OECD Reviews of Regulatory Reform Regulatory Policy in Chile Government Capacity to Ensure High-Quality Regulation Book in PDF, ePub and Kindle
Chile enjoys a very sound macroeconomic framework and economic resilience, partly due to a prudent regulatory and supervisory framework for its financial system. Nevertheless, Chile lacks a comprehensive regulatory reform programme. This report examines how Chile can ensure high-quality regulation.
Author | : J. Luis Guasch |
Publisher | : World Bank Publications |
Total Pages | : 45 |
Release | : 1997 |
Genre | : Analisis costo-beneficio |
ISBN | : |
Download The Costs and Benefits of Regulation Book in PDF, ePub and Kindle
Author | : World Bank |
Publisher | : World Bank Publications |
Total Pages | : 241 |
Release | : 2019-11-21 |
Genre | : Business & Economics |
ISBN | : 1464814414 |
Download Doing Business 2020 Book in PDF, ePub and Kindle
Seventeen in a series of annual reports comparing business regulation in 190 economies, Doing Business 2020 measures aspects of regulation affecting 10 areas of everyday business activity.
Author | : Guasch |
Publisher | : |
Total Pages | : 0 |
Release | : 2013 |
Genre | : |
ISBN | : |
Download The Costs and Benefits of Regulation Book in PDF, ePub and Kindle
Author | : |
Publisher | : |
Total Pages | : 32 |
Release | : 2009 |
Genre | : |
ISBN | : |
Download The Transaction Costs Perspective on Costs and Benefits of Government Regulation: Extending the Standard Cost Model Book in PDF, ePub and Kindle
Author | : Keith E. Maskus |
Publisher | : |
Total Pages | : 35 |
Release | : 2005 |
Genre | : |
ISBN | : |
Download The Costs of Compliance with Product Standards for Firms in Developing Countries Book in PDF, ePub and Kindle