Abstract:
Regulatory impact assessment is intended to improve the quality of regulation in the hope that it will achieve the minimum of adverse impacts, especially in relation to business and economic performance. The essential sense of this tool is encompassing not only government-internal effects and administrative costs but also external effects such as economic, social and environmental impacts.
Since the mid 20th century the general consensus exists on how crucial is the innovative development for sustainable economic growth. Innovation is not only a process but also a system requiring the favorable social, economic and political context, whose building is largely the responsibility of the government. A detailed study on the specific implications of regulation for the innovative development can provide a tool for decision-making in order to achieve higher quality of regulation.
