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Deregulation for Development: A Tale of Two States

Author

Listed:
  • Burton A. Abrams

    (Department of Economics,University of Delaware)

  • James L. Butkiewicz

    (Department of Economics,University of Delaware)

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.

Suggested Citation

  • Burton A. Abrams & James L. Butkiewicz, 2007. "Deregulation for Development: A Tale of Two States," Working Papers 07-11, University of Delaware, Department of Economics.
    • Handle: RePEc:dlw:wpaper:07-11.
    as

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    File URL: http://graduate.lerner.udel.edu/sites/default/files/ECON/PDFs/RePEc/dlw/WorkingPapers/2007/UDWP2007-11.pdf
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    References listed on IDEAS

    as
    1. Ausubel, Lawrence M, 1991. "The Failure of Competition in the Credit Card Market," American Economic Review, American Economic Association, vol. 81(1), pages 50-81, March.
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    Cited by:

    1. Weinstein, Russell, 2018. "Dynamic responses to labor demand shocks: Evidence from the financial industry in Delaware," Journal of Urban Economics, Elsevier, vol. 106(C), pages 27-45.

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    More about this item

    Keywords

    Regional Development; Deregulation; State Government Public Policy;
    All these keywords.

    JEL classification:

    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
    • H73 - Public Economics - - State and Local Government; Intergovernmental Relations - - - Interjurisdictional Differentials and Their Effects
    • O20 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - General

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