Original scientific paper
The Origin and Independence of the Regulatotry Bodies in Serbia: Internal or Extarnal Determinants?
Slobodan Tomić
orcid.org/0000-0002-4644-135X
; London School of Economics, London, UK
Aleksandar Jovančić
; EU Info Center, Belgrade, Serbia
Abstract
The article discusses the concept of regulatory agencies: when and why they
arise, what is their role, and what kind of challenges they face. Analyzing
a group of regulatory agencies in Serbia, the article measures their de-jure
independence using Gillardi’s index. The conclusion is that, viewed through
the lenses of formal institutional design, Serbian regulatory agencies exhibit
a high degree of independence. However, this might be further mediated by
insufficient or hindered enforcement. Therefore, in order to account for a
full picture of the agencies’ institutional life, in the first place their de-facto
independence, one needs to reflect on what some theories of Europeanization
drew attention to – to what extent have the regulatory agencies resorted to their
formally granted powers and mechanisms in practice. Such an exploration of
enforcement would be a step further in accounting for the genuine agencies’
level of independence.
Keywords
regulatory bodies; regulation; independence of institutions; nonmajoritarian institutions
Hrčak ID:
146423
URI
Publication date:
10.9.2012.
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