Macroeconomic Impacts of Federal Regulation of the Manufacturing Sector
Since 1998, the cumulative inflation-adjusted cost of compliance for major manufacturing-related regulations grew by an annualized rate of 7.6%.
A report from NERA Economic Consulting on behalf of the Manufacturers Alliance for Productivity and Innovation (MAPI) finds that U.S. manufacturers are significantly impacted by the escalation in the volume and cost of compliance with federal regulations.
Public awareness about the importance of manufacturing’s role in economic growth is on the rise. Concurrently, concern is increasing about the number of federal regulations on the books, the rate at which the number of new regulations is growing, and the impact of regulation on business—particularly manufacturing.
See the two slide presentations for 2013 data updates.
MAPI Executive Summary (member login required)