Editor’s Note: Translated from the Bulgarian original.

From: Central & Eastern European Online Library

Economic Thought | Institute for Economic Research at the Bulgarian Academy of Sciences

Prof. Dr. Rumen Brussarski (Проф. д-р Румен Брусарски)

Abstract

During the 70s of the twentieth century economists realized that public expenditures and rulemaking have similar effects on resource allocation and equity. Thus, the process of creating regulations entered the orbit of the economic cost-benefit analysis. This article is dedicated to the genesis and development of impact assessment in the United States, the European Union and Bulgaria.

GENESIS AND DEVELOPMENT OF THE IMPACT ASSESSMENT *

In memory of Alfred Allan Schmid
 
During the 70s of the twentieth century economists realized that public expenditures and rulemaking have similar effects on resource allocation and equity. Thus, the process of creating regulations entered the orbit of the economic cost-benefit analysis. This article is dedicated to the genesis and development of impact assessment in the United States, the European Union and Bulgaria.

Allan Schmid’s work has had a profound impact on the conduct of the administrative state in the United States and we are pleased that his work is being recognized throughout the world.

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