FEDERAL REGULATIONS AND U.S. ENERGY SECTOR OUTPUT

摘要

In the United States, the Federal Register publishes, among other things, regulations. For example, the Federal Register contains federal agency rule and regulations, executive orders, and proclamations. The Code of Federal Registrar (CFR) contains the complete and official text of agency regulations organized into fifty titles covering broad areas of the economy such as the energy sector. These regulations are continuously updated and are rarely removed leading to an accumulation of regulations. The growth of regulations has led scholars to look at the impact of increasing federal regulations on factors such as economic growth (Dawson and Seater, 2013) and entrepreneurship (Goldschlag and Tabarrok, 2018). In this study, we focus on the impact that regulations have on output in the energy sector.