REGDATA 2.0: Quantifying Regulation

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RegData 2.0 provides a revolutionary way of quantifying regulation by industry, agency and restriction terms found in text of the Code of Federal Regulations.

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REGDATA 2.0: Quantifying Regulation

  1. 1. RegData 2.0 July 29, 2014 Patrick A. McLaughlin Senior Research Fellow Mercatus Center at George Mason University
  2. 2. Federal Regulatory Accumulation
  3. 3. RegData – New Metrics of Regulation 1. Based on actual regulatory text 2. Measures regulation by year, industry, and regulator 3. Permits policy analysis and insight 4. Research tool
  4. 4. Units of Analysis CFR Division Granularity Typical Contents Mean Annual Observations Mean Word Count Title Least Broad subject area of regulations 48 1,200,000 Chapter Rules of an individual agency 410 150,000 Subchapter Rules of a subagency or subdivision of an agency n/a n/a Part Rules on a single program/function 8,100 7,500 Subpart Rules on a particular aspect of a single program/function n/a n/a Section One provision of a program/function 190,000 310 Paragraph Most Detailed requirement(s) related to the provision 1,600,000 39
  5. 5. Metrics: Quantity of Regulation 1. Word count
  6. 6. Metrics: Quantity of Regulation 1. Word count 2. Restriction count
  7. 7. Restrictions: quantify the binding constraints Created programs that find binding constraints in CFR text • E.g., “shall” or “must” • Proxy for how restrictive text is • Not comprehensive of all restrictions
  8. 8. Example
  9. 9. One sentence from 29 CFR Part 1926 Section 416 Before work is begun the employer shall ascertain by inquiry or direct observation, or by instruments, whether any part of an energized power circuit, exposed or concealed, is so located that the performance of the work may bring any person, tool, or machine into physical or electrical contact with the electric power circuit.
  10. 10. Top 10 words, one title, one year Word Hits Rank the 73760 1 of 46912 2 and 35523 3 to 25699 4 a 23423 5 or 21492 6 shall 17692 7 in 17641 8 be 17348 9 for 14172 10 TOTAL WORDS: 1,078,251
  11. 11. Top 10 words, one title, one year Word Hits Rank the 73760 1 of 46912 2 and 35523 3 to 25699 4 a 23423 5 or 21492 6 shall 17692 7 in 17641 8 be 17348 9 for 14172 10 TOTAL WORDS: 1,078,251
  12. 12. Top 10 words, only nouns and verbs (except part, FR, and section) Word Hits Rank shall 17692 1 be 17348 2 is 7650 3 are 3990 4 mining 3784 5 coal 3705 6 surface 3423 7 mine 3387 8 requirements 3294 9 state 3195 10
  13. 13. Metrics: Relevance to stakeholders 1. Search term count 2. Industry regulation index
  14. 14. Look for the right words Word Hits Rank shall 17692 1 be 17348 2 is 7650 3 are 3990 4 mining 3784 5 coal 3705 6 surface 3423 7 mine 3387 8 requirements 3294 9 state 3195 10
  15. 15. Sample NAICS 3-digit Classifications 3-Digit Code Description 111 Crop Production 211 Oil and Gas Extraction 212 Mining (except Oil and Gas) 221 Utilities 236 Construction of Buildings 315 Apparel Manufacturing 316 Leather and Allied Product Manufacturing 321 Wood Product Manufacturing 322 Paper Manufacturing 334 Computer and Electronic Product Manufacturing
  16. 16. Regulation by Industry (NAICS) Paper Manufacturing Paper Manufacturer Paper Manufacturers
  17. 17. Other features 1. Other metrics 2. Research 3. Download the data
  18. 18. Sample applications 1. Most mentioned industries 2. Most relevant agencies for a state
  19. 19. Most Mentioned 2-Digit Industries in 2012 2-Digit NAICS Classification Search Term Count Mining, Quarrying, and Oil and Gas Extraction 45,083 Transportation and Warehousing 44,712 Manufacturing 44,452 Finance and Insurance 28,683 Agriculture, Forestry, Fishing and Hunting 27,301 Real Estate and Rental and Leasing 26,282 Construction 22,261 Utilities 14,120 Educational Services 10,355 Retail Trade 4,311
  20. 20. Virginia - Sample Industries & Most Relevant Regulator 4-Digit NAICS Classification Total Employment Most Relevant Regulator Elementary and secondary schools 239,927 Office of Postsecondary Education, Department of Education General medical and surgical hospitals 105,467 Centers for Medicare & Medicaid Services, Department of Health and Human Services Colleges and universities 76,865 Internal Revenue Service, Department of the Treasury Grocery stores 67,076 Internal Revenue Service, Department of the Treasury National security and international affairs 66,677 Office of the Secretary of Defense Offices of physicians 63,519 Centers for Medicare & Medicaid Services, Department of Health and Human Services Building equipment contractors 53,371 Occupational Safety and Health
  21. 21. Questions? Twitter: @EconPatrick @RegData

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