Figuring out the true cost of complying with California regulations
Figuring out the true cost of complying with California regulations
- October 13, 2009
- David Neumark, economics professor, is featured in the LA Times on October 13, 2009
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From the LA Times:
A study puts the tab for the state's economy at $492 billion a year. But critics say
the study doesn't take into account the benefits the regulations may have.... David
Neumark, professor of economics at UC Irvine, said the study's methodology, if applied
to other states in the Forbes rankings, would wipe out smaller states' economic activity
many times over. "I am not disputing that regulations impose some costs. They surely
do. And we should be asking which regulations are worth the costs they impose," said
Neumark, a senior fellow at the Public Policy Institute of California. "But policy
debate is not furthered by grossly exaggerated numbers that have no basis in reality."
For the full story, please visit http://www.latimes.com/business/la-fi-smallbiz13-2009oct13,0,724317.story.
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