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Regualtory Reform In Five Western Balkan Countries: Evidence And Perspectives

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  • Slavica Penev
  • Andreja Marušić

Abstract

This Paper analyses the importance of regulatory reform for the creation of an effective legal and regulatory system in Western Balkan countries. The authors explore the progress achieved in this reform area, arguing that regulatory reform was mostly partial, focused on specific sectors and areas, and lacked a strategic approach. It was focused on the simplification of existing regulation and the implementation of Regulatory Impact Analysis (RIA).The paper concludes that in order to secure the sustainability of the regulatory reform progress, especially in the period of economic crisis, the countries in the region should apply a strategic approach in this area, focusing on the improvement of the quality of regulations and the reduction of unnecessary administrative burdens that affect business activities and investments. The process of the establishment of a competitive legal and regulatory environment should be strongly correlated with the continuation of the EU harmonization process and with the regional cooperation among the countries in the region.

Suggested Citation

  • Slavica Penev & Andreja Marušić, 2009. "Regualtory Reform In Five Western Balkan Countries: Evidence And Perspectives," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 54(182), pages 40-66, July – Se.
    • Handle: RePEc:beo:journl:v:54:y:2009:i:182:p:40-66
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    References listed on IDEAS

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    1. Colin Kirkpatrick & David Parker (ed.), 2007. "Regulatory Impact Assessment," Books, Edward Elgar Publishing, number 3846.
    2. Olson, Mancur, Jr & Sarna, Naveen & Swamy, Anand V, 2000. "Governance and Growth: A Simple Hypothesis Explaining Cross-Country Differences in Productivity Growth," Public Choice, Springer, vol. 102(3-4), pages 341-364, March.
    3. Jalilian, Hossein & Kirkpatrick, Colin & Parker, David, 2007. "The Impact of Regulation on Economic Growth in Developing Countries: A Cross-Country Analysis," World Development, Elsevier, vol. 35(1), pages 87-103, January.
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    Cited by:

    1. Slavica Penev & Andreja Marusic, 2011. "Countries and Its Significance for Their EU Accession Process," Book Chapters, in: Stefan Bogdan Salej & Dejan Eric & Srdjan Redzepagic & Ivan Stosic (ed.), Contemporary Issues in the Integration Processes of Western Balkan Countries in the European Union, chapter 8, pages 107-128, Institute of Economic Sciences.
    2. Slavica Penev & Andreaj Marusic, 2012. "Importance of the EU Integration Process for the Improvement of Legal Environment in Western Balkan Countries," Book Chapters, in: Paulino Teixeira & António Portugal Duarte & Srdjan Redzepagic & Dejan Eric (ed.), European Integration Process in Western Balkan Countries, edition 1, volume 1, chapter 27, pages 529-544, Institute of Economic Sciences.

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    More about this item

    Keywords

    Regulatory reform; Regulatory impact analysis (RIA); legal and regulatory system; EU integration process; economic crisis;
    All these keywords.

    JEL classification:

    • K40 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - General
    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
    • P27 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Performance and Prospects
    • P37 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - Legal

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