Deregulation for Development: A Tale of Two States

Burton A. Abrams () and James L. Butkiewicz ()
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Burton A. Abrams: Department of Economics,University of Delaware

No 07-11, Working Papers from University of Delaware, Department of Economics

Abstract: Economic stress led South Dakota and Delaware in the early 1980’s to eliminate their usury laws and enact other enabling legislation in an effort to attract a new industry and new jobs to their states. Sufficient time has now elapsed to assess the success of the policies adopted by these two states. Evidence suggests that both states benefited from their deregulatory actions but in different ways. These successful deregulations provide an important lesson for state-level authorities responsible for determining the regulatory environment.

Keywords: Regional Development; Deregulation; State Government Public Policy (search for similar items in EconPapers)
JEL-codes: R11 H73 O20 (search for similar items in EconPapers)
Date: 2007-07
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