Actionable Regulatory Governance Indicators for UE Regions

The European Union’s Cohesion Policy is its biggest investment instrument. It supports the Europe 2020 strategy of smart, sustainable, and inclusive growth. With a budget of €351.8 billion for 2014–2020, the Cohesion Policy accounts for around one-...

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Main Author:	World Bank
Format:	Report
Language:	English
Published:	World Bank, Washington, DC 2018
Subjects:	REGULATORY GOVERNANCE DATA COLLECTION AND ANALYSIS BUSINESS ENVIRONMENT REGULATION PUBLIC SECTOR PERFORMANCE INVESTMENT CLIMATE FOOD SAFETY ENVIRONMENTAL REGULATION INDUSTRIAL EMISSIONS
Online Access:	http://documents.worldbank.org/curated/en/642601529048676588/Europe-and-Central-Asia-Development-of-EU-governance-indicators-actionable-regulatory-governance-indicators-final-report http://hdl.handle.net/10986/30021

id	okr-10986-30021
recordtype	oai_dc
spelling	okr-10986-300212021-05-25T09:15:27Z Actionable Regulatory Governance Indicators for UE Regions World Bank REGULATORY GOVERNANCE DATA COLLECTION AND ANALYSIS BUSINESS ENVIRONMENT REGULATION PUBLIC SECTOR PERFORMANCE INVESTMENT CLIMATE FOOD SAFETY ENVIRONMENTAL REGULATION INDUSTRIAL EMISSIONS The European Union’s Cohesion Policy is its biggest investment instrument. It supports the Europe 2020 strategy of smart, sustainable, and inclusive growth. With a budget of €351.8 billion for 2014–2020, the Cohesion Policy accounts for around one-third of the EU budget. The Cohesion Policy is primarily implemented through investments in EU regions and cities. Local and regional governments in the EU are responsible for more than half of all public investment. There is a growing focus on the importance of good governance to ensure effective implementation. The European Commission’s 6th Cohesion Policy report notes that governance problems not only delay the implementation of Cohesion Policy programs but also reduce the impact of these investments. The report states: ‘a lower standard of governance can affect the impact of Cohesion Policy both directly and indirectly. In the first place, it can reduce expenditure if programs fail to invest all the funding available. Secondly, it can lead to a less coherent or appropriate strategy for a country or region. Thirdly, it may lead to lower quality projects being selected for funding or to the best projects not applying for support at all. Fourthly, it may result in a lower leverage effect because the private sector is less willing to co-finance investment.’ The purpose of this report is to develop and test a set of actionable indicators for the regulatory frameworks of EU regions. Deregulatory measures focusing on ‘fixing broken regulations’ are a necessary and important element of investment climate reforms. However, gains from one-off initiatives aimed at cutting costs and procedures are often reversed if the responsible institutions, tools, and incentives are not changed. 2018-07-17T16:34:01Z 2018-07-17T16:34:01Z 2018-06-13 Report http://documents.worldbank.org/curated/en/642601529048676588/Europe-and-Central-Asia-Development-of-EU-governance-indicators-actionable-regulatory-governance-indicators-final-report http://hdl.handle.net/10986/30021 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work :: Institutional and Governance Review Economic & Sector Work Europe and Central Asia
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	REGULATORY GOVERNANCE DATA COLLECTION AND ANALYSIS BUSINESS ENVIRONMENT REGULATION PUBLIC SECTOR PERFORMANCE INVESTMENT CLIMATE FOOD SAFETY ENVIRONMENTAL REGULATION INDUSTRIAL EMISSIONS
spellingShingle	REGULATORY GOVERNANCE DATA COLLECTION AND ANALYSIS BUSINESS ENVIRONMENT REGULATION PUBLIC SECTOR PERFORMANCE INVESTMENT CLIMATE FOOD SAFETY ENVIRONMENTAL REGULATION INDUSTRIAL EMISSIONS World Bank Actionable Regulatory Governance Indicators for UE Regions
geographic_facet	Europe and Central Asia
description	The European Union’s Cohesion Policy is its biggest investment instrument. It supports the Europe 2020 strategy of smart, sustainable, and inclusive growth. With a budget of €351.8 billion for 2014–2020, the Cohesion Policy accounts for around one-third of the EU budget. The Cohesion Policy is primarily implemented through investments in EU regions and cities. Local and regional governments in the EU are responsible for more than half of all public investment. There is a growing focus on the importance of good governance to ensure effective implementation. The European Commission’s 6th Cohesion Policy report notes that governance problems not only delay the implementation of Cohesion Policy programs but also reduce the impact of these investments. The report states: ‘a lower standard of governance can affect the impact of Cohesion Policy both directly and indirectly. In the first place, it can reduce expenditure if programs fail to invest all the funding available. Secondly, it can lead to a less coherent or appropriate strategy for a country or region. Thirdly, it may lead to lower quality projects being selected for funding or to the best projects not applying for support at all. Fourthly, it may result in a lower leverage effect because the private sector is less willing to co-finance investment.’ The purpose of this report is to develop and test a set of actionable indicators for the regulatory frameworks of EU regions. Deregulatory measures focusing on ‘fixing broken regulations’ are a necessary and important element of investment climate reforms. However, gains from one-off initiatives aimed at cutting costs and procedures are often reversed if the responsible institutions, tools, and incentives are not changed.
format	Report
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Actionable Regulatory Governance Indicators for UE Regions
title_short	Actionable Regulatory Governance Indicators for UE Regions
title_full	Actionable Regulatory Governance Indicators for UE Regions
title_fullStr	Actionable Regulatory Governance Indicators for UE Regions
title_full_unstemmed	Actionable Regulatory Governance Indicators for UE Regions
title_sort	actionable regulatory governance indicators for ue regions
publisher	World Bank, Washington, DC
publishDate	2018
url	http://documents.worldbank.org/curated/en/642601529048676588/Europe-and-Central-Asia-Development-of-EU-governance-indicators-actionable-regulatory-governance-indicators-final-report http://hdl.handle.net/10986/30021
_version_	1764470757713248256

Actionable Regulatory Governance Indicators for UE Regions

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