The concept of Index for the Assessment of Regulations' Significance (IARS) in regulatory impact evaluation

Abstract

This article aims to present the concept of the Index for the Assessment of Regulations’ Significance as a tool used in parliamentary regulatory impact assessment, with a special focus on expost assessment. The Index is an element of the broadly defined economic analysis of law, which can facilitate a more effective scrutiny of parliamentary lawmaking. The Index also enables the RIA (Regulatory Impact Assessment) to be verified by the act originator at the stage of the ex-ante regulatory impact assessment. Furthermore, the Index can also serve as a tool for conducting an analysis of the overall legislation process employed in parliament over a given period of time, on the basis of the adopted legal and substantive criteria.

Keywords

• regulatory impact assessment
• ex-post evaluation
• index for the assessment of regulations’ significance
• parliamentary scrutiny
• JEL
• K1