"The key factor is the regulatory environment rather than input cost."
The intense regulatory environment, they write, does not explain the whole picture.
"But it's a challenge with the county's high land prices and the regulatory environment."
The gain from the improvement in regulatory environment is $83 billion.
Over the last year, my office has received a growing number of concerns from individuals and businesses about the current regulatory environment.
Shifting the regulatory environment would have to be the next step.
The problem - not surprisingly - is the regulatory environment.
Certainly part of the problem is a legal and financial regulatory environment that no individual can understand.
I support the building of a better regulatory environment in Europe.
Many changes in the economic and regulatory environment occurred after the plants went into construction.