Campbell, Noel D.; Heriot, Kirk C.; Jauregui, Andres - In: Economic Development Quarterly 24 (2010) 3, pp. 243-250
This article addresses a public policy question: Does state government regulation foster or deter economic development? The authors estimate a system of simultaneous equations for income growth, regulation growth, and growth in the number of new enterprises. It is found that regulation does not...