Published on 12 Jan 2019

​News | Why cost-benefit analysis is useful for regulatory reform

​The Straits Times, page A40

From assessing air quality to determining the value of damages in law suits, cost-benefit analysis (CBA) provides a framework that can also guide policy making, wrote NTU economics Prof Euston Quah in a commentary. In Singapore, the Centre for Public Project Management unit was established in 2011, within the Ministry of Finance, and supports the ministry in ensuring an efficient and effective use of public resources in major development projects. What is perhaps needed is an extension of this to encompass CBA of proposed or amended regulations across a variety of public policies, wrote Prof Quah.
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