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by eastbayjake
4056 days ago
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> Another question would be what's the time frame for this addition to GDP? The actual paper[1] simply says that "lowering regulatory constraints in New York, San Francisco, and San Jose cities to the level of the median city would expand their work force and increase U.S. GDP by 9.5%", so whatever timeframe it would take to reduce those regulatory constraints. (In SF that sounds like a project measured in decades, although maybe the imbalance in supply and demand will cause a breaking point that forces the city to engage with real solutions to the problem.) [1] http://eml.berkeley.edu//~moretti/growth.pdf |
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