Publication: "Show Me the Money!" Quantifying the Impact of Regulatory Simplification Projects
Date
2007-06
ISSN
Published
2007-06
Author(s)
Liepina, Sanda
Dall'Olio, Andrea
Sethi, Sanwaree
Abstract
International Finance Corporation (IFC)
Private Enterprise Partnership (PEP) has developed the
following methodology to measure and attribute the economic
impact of its national-level business enabling environment
(BEE) regulatory simplification projects in Eastern Europe
and Central Asia. By comparing specific aspects of the
business environment before and after IFC-supported reforms
are enacted by the government, it is possible to quantify
the benefits accruing to the target population, i.e., the
aggregate cost savings to businesses. This effort to
quantify the benefits of regulatory improvements has been
welcomed by both government counterparts and IFC PEP's
donor partners. Using this methodology, IFC PEP has
estimated an aggregate cost savings of US$84 million for
businesses in its focus countries. The developed methodology
is relevant throughout the project life-cycle and can be a
useful tool for engaging and motivating key stakeholders to reform.
Citation
“Liepina, Sanda; Dall'Olio, Andrea; Sethi, Sanwaree. 2007. "Show Me the Money!" Quantifying the Impact of Regulatory Simplification Projects. IFC Smart Lessons Brief. © World Bank, Washington, DC. http://openknowledge.worldbank.org/entities/publication/42438bb5-e7d1-5b42-8f7d-3e810b28ec7f License: CC BY-NC-ND 3.0 IGO.”
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