The Center Square : Looking to increase your state’s employment? Reduce regulation
When governors want more jobs, they usually reach for tax credits, development grants, or subsidies for a favored factory. Yet every state already controls a broader and more durable economic-policy lever: its own administrative code. Our new research suggests that cutting state regulatory restrictions by 25 percent is associated with 4.4 percen ...
The Charleston Post and Courier : South Carolina can modernize regulation and grow faster
South Carolina's economy is strong. But from the Lowcountry to the Upstate, anyone who has tried to start or expand a business knows red tape isn't an abstraction. It shows up as thousands of sometimes-subtle costs — time, fees, delays, uncertainty — to comply with state rules and regulations. Added up, this substantially slows economic growth. ...
Yale Journal on Regulation : Navigating the Web of Agency Authority with AI
Despite the overwhelming concern over the use of artificial intelligence, one of the most promising use cases for AI is regulatory reform. Regulatory accumulation — the slow accumulation of rules, related guidance, case law, and specialized knowledge — has created a knowledge base that no human brain could contain, let alone comprehensively ana ...