If it's a path, you should use Path. If it's a regular expression, define it as such with re.compile(). If the purpose of such a module is to reduce boilerplate, then defining these values as strings only necessitates boilerplate later on to convert them.

There's one edge case to consider, though it's very "edge". If you define a very long/complex regex as a constant and then import from that file, Python will run .compile() on import. If you're not actually using that regex though (say you imported the file to use a different value) then you're burning CPU there for no reason.

I generally don't recommend that you concern yourself with that sort of thing though until you run into real performance problems. Most regexes you compile take no time at all, and the benefit of storing everything as the object you'd expect has big benefits for developer cognitive load.