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1.) Adjusting client pricing to match value
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This seems intuitive. More laws = less ambiguity/disagreement = more certainty
This actually tracks with the existing assumption that regulations, not laws, inhibit business growth. It tracks that more narrowly scoped and detailed laws prevent more regulations from forming and thus allow businesses to operate more effectively
This is because rule of law is good for business, when the rules make sense and its understood how and when they will apply. Legal language tends to get lengthy they can be precisely understood and applied in all appropriate situations.
Paper should've been titled "More specific laws, fewer court disputes"
Every winning major league team follows a proven playbook.
It’s a formula for success that’s been iterated and optimized repeatedly, becoming more flawless with each revision.
Similarly, your family business should follow a playbook.
Just look at the similarities between your
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Length has nothing to do with effectiveness.
I've heard similar arguments made about male private parts, though 
Could it just be that as the American Empire grew, it got more managerial and litigious?
I think the cause and effect are reversed here.
Couldn’t it be inverse causation a la California? As in higher economic growth emboldens the state to regulate more due to captive industry?
A classic reduced-form paper (I.e., bullshit) with grandiose claims and an allusion toward causality but which begs us to declare correlation does not equal causation. This is the worst of the “empirical revolution” manifested. See Europe for a counter example.
Nice to see Morelli's name. The math puzzles he worked on were always more interesting than the boring pseudo-math pseudo-econ with which his peers struggled.
The most economically destructive laws are the short, vague ones.
The core provisions of CEQA and NEPA are like one paragraph each.
People are talking about different things. If laws increase the cost of compliance to do business then the cost of doing business goes up (you have to hire people to do whatever the law says to do) and *that makes the GDP grow* (1/)
hm how do they adjust for correlation here? as we see on the controversial wtfhappenedin1971, a large number of distinct trends including text length all emerge simultaneously in the 70s
A lot of right-wing populism re: length of laws seems to conflate industry-specific regulations with general criminal law. “How can I be expected to comply with a tax code that’s forty thousand pages?” You’re not— most of those pages don’t have anything to do with you…
Is it dollar growth, or also productivity growth? (Can we even disambugate the two?) I only ask because I'm wondering about the possibility that regulatory capture enables price-gouging, which inflates GDP without actually igrowing the hedonic value of goods and services made.
Longer laws might mean deeper RuleX trees, which might mean more stakeholders were accommodated (and/or more edge cases were handled).
All these merely observational studies are quite sus. Specially when making causal claims that run counter to actual experience (I'm a euro so I would know).
cant believe two or more things can all independently accumulate year over year
they should plot it to really drive home the point
Does the paper consult the question of if it’s the other way around? Economic growth leading to more regulations?
Seems relevant to this quote post from our local overlord:
Quote
Elon Musk
@elonmusk
Time for a massive decrease @DOGE x.com/therabbithole8…
not necessarily. the major issue isn’t laws but regulations and agency discretion. the new administration may have longer laws because legislators take the place of agencies
“Injustice Porn” – exploitation propaganda that the mass migration advocacy industry will employ to undermine the current broad political support for Trump’s coming national interior deportation initiative.
I don’t wanna hear a single person whine about an omnibus approps bill ever again
Not really. It really just says more competently written laws leads to higher growth.
how does it cause more growth? Seems likely that more developed nations that are already growing write longer laws
Passing more laws in a state increases, not decreases state GDP growth. Picture of "nanny state" is wrong; laws in aggregate increase economic certainty / protections hence encourage economic activity and growth.
In your face, anti-government political parties!
Nonsense. Government laws = government spending; government spending = consumption. The richer you are, the more you can consume. All you are "proving" is that rich places can afford to spend more & they do, via government. This is like kids who listen to Mozart are smarter