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Canadian Regulatory Cost-Benefit Analysis Guide

Author

Listed:
  • Glenn Jenkins

    (Queen's University, Kingston, On, Canada)

  • CHUN-YAN KUO

    (Queen's University, Kingston, On, Canada)

  • JOHN GIRALDEZ

    (Treasury Board Secretariat Government of Canada)

Abstract

This Regulatory Cost-Benefit Analysis Guide was prepared for the use of federal departments and agencies as they perform cost-benefit analysis to determine the potential impact of regulatory decisions. The guide incorporates the evolution of regulatory policy and developments in the analysis of the impacts of regulations in Canada and elsewhere over the past decade. Such an analysis highlights the importance of identifying and measuring the economic benefits and costs as an essential input into the design process of such regulatory actions. The increased interest of governments in the consequences of regulation has led to the development of various cost-benefit analysis guides in countries such as the United States, Australia, and EU as well as by international organizations. This is the discussion version of the proposed cost benefit guide for the evaluation of regulatory proposal in Canada.

Suggested Citation

  • Glenn Jenkins & CHUN-YAN KUO & JOHN GIRALDEZ, 2007. "Canadian Regulatory Cost-Benefit Analysis Guide," Development Discussion Papers 2007-03, JDI Executive Programs.
    • Handle: RePEc:qed:dpaper:168
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    References listed on IDEAS

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    5. David Burgess, 2008. "Removing Some Dissonance From the Social Discount Rate Debate," University of Western Ontario, Economic Policy Research Institute Working Papers 20082, University of Western Ontario, Economic Policy Research Institute.
    6. SANDMO, Agnar & DREZE, Jacques H., 1971. "Discount rates for public investment in closed and open economies," LIDAM Reprints CORE 98, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
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    8. Viscusi, W Kip, 1993. "The Value of Risks to Life and Health," Journal of Economic Literature, American Economic Association, vol. 31(4), pages 1912-1946, December.
    9. Marc Duhamel, 2006. "The Optimality of Arbitrary Partial Equilibrium Welfare Analysis," Journal of Public Economic Theory, Association for Public Economic Theory, vol. 8(2), pages 321-343, May.
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    13. Cropper, Maureen L & Oates, Wallace E, 1992. "Environmental Economics: A Survey," Journal of Economic Literature, American Economic Association, vol. 30(2), pages 675-740, June.
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    More about this item

    Keywords

    cost-benefit analysis of regulations; cost effectiveness analysis; impact analysis; economic analysis; stakeholder impact; risk assessment.;
    All these keywords.

    JEL classification:

    • H43 - Public Economics - - Publicly Provided Goods - - - Project Evaluation; Social Discount Rate

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