The Political Economy of Rent-Seeking PDF Download

Author: R. D. Congleton
Publisher: Edward Elgar Publishing
ISBN: 1782544941
Category : Business & Economics
Languages : en
Pages : 553

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Book Description
The quest for benefit from existing wealth or by seeking privileged benefit through influence over policy is known as rent seeking. Much rent seeking activity involves government and political decisions and is therefore in the domain of political econo

Author: Charles Rowley
Publisher: Springer Science & Business Media
ISBN: 9780898382419
Category : Business & Economics
Languages : en
Pages : 520

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Book Description
It is now twenty years since the concept of rent-seeking was first devised by Gordon Tullock, though he was not responsible for coining the phrase itself. His initial insight has burgeoned over two decades into a major research program which has had an impact not only on public choice, but also on the related disciplines of economics, political science, and law and economics. The reach of the insight has proved to be universal, with relevance not just for the democracies, but also, and arguably more important, for all forms of autocracy, irrespective of ideological com plexion. It is not surprising, therefore, that this volume is the third edited publication dedicated specifically to scholarship into rent-seeking behavior. The theory of rent-seeking bridges normative and positive analyses of state action. In its normative dimension, rent-seeking scholarship has expanded, enlivened, in some respects turned on its head, the traditional welfare analyses of such features of modern economics as monopoly, externalities, public goods, and trade protection devices. In its positive dimension, rent-seeking contributions have provided an important analy tical perspective from which to understand and to predict the behavior of politicians, interest groups and bureaucrats, the media and the academy within the political market place. This bridge between normative and positive elements of analysis is invaluable in facilitating an understanding of and evaluating the costs of state activity within a consistent paradigm.

Author: Christine Ngoc Ngo
Publisher: Routledge
ISBN: 1317328213
Category : Business & Economics
Languages : en
Pages : 227

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Book Description
Rent seeking continues to be a topic of much discussion and debate within the political economy. This new study challenges previous assumptions and sets out a new analysis of the dynamics of rent and rent seeking in development, using Vietnam as a case study. This book provides an alternative approach to the study of economic development and illuminates new perspectives in a contemporary context. It argues that not only has there been an incomplete understanding of Vietnam’s industrial development over the last three decades, but that neoclassical economics do not adequately address many of the issues endangering Vietnam’s development. A significant observation of the Vietnamese experience is the analytical view that rents can be developmental and growth enhancing if the configuration of rent management incentivizes industrial upgrade and conditions firm performance. Underlining the need to reexamine how economic actors and the state collaborate through formal and informal institutions, this study fills a gap in the scholarship of the political economy of rent and rent seeking and how rents might be used for developmental purposes.

Author: Mushtaq Husain Khan
Publisher: Cambridge University Press
ISBN: 9780521788663
Category : Business & Economics
Languages : en
Pages : 358

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Book Description
The concepts of rents and rent-seeking are central to any discussion of the processes of economic development. Yet conventional models of rent-seeking are unable to explain how it can drive decades of rapid growth in some countries, and at other times be associated with spectacular economic crises. This book argues that the rent-seeking framework has to be radically extended by incorporating insights developed by political scientists, institutional economists and political economists if it is to explain the anomalous role played by rent-seeking in Asian countries. It includes detailed analysis of Thailand, Malaysia, the Philippines, the Indian sub-continent, Indonesia and South Korea. This new critical and multidisciplinary approach has important policy implications for the debates over institutional reform in developing countries. It brings together leading international scholars in economics and political science, and will be of great interest to readers in the social sciences and Asian studies in general.

Author: Kurt Von Seekamm
Publisher:
ISBN: 9780367349929
Category : Rent (Economic theory)
Languages : en
Pages : 74

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Book Description
A primer on inequality -- Landlords, rents and seekers -- Rent seeking, examples of wasted resources -- Education and the allocation of talent -- The politics of removing rents.

Author: Lotta Moberg
Publisher: Taylor & Francis
ISBN: 1315298945
Category : Business & Economics
Languages : en
Pages : 205

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Book Description
This book examines SEZs from a political economy perspective, both to dissect the incentives of governments, zone developers, and exporters, and to uncover both the hidden costs and untapped potential of zone policies. Costs include misallocated resources, the encouragement of rent-seeking, and distraction of policy-makers from more effective reforms. However, the zones also have several unappreciated benefits. They can change the politics of a country, by generating a transition from a system of rent-seeking to one of liberalized open markets. In revealing the hidden promise of SEZs, this book shows how the SEZ model of development can succeed in the future.

Author: Naazneen Barma
Publisher: World Bank Publications
ISBN: 0821384805
Category : Business & Economics
Languages : en
Pages : 303

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Book Description
Rents to Riches> focuses on the political economy of the detailed decisions that governments make at each step of the natural resource management (NRM) value chain. Many resource-dependent developing countries pursue seemingly shortsighted and suboptimal policies when extracting, taxing, and investing resource rents. The book contextualizes these micro-level outcomes with an emphasis on two central political economy dimensions: the degree to which governments can make credible intertemporal commitments to both resource developers and citizens, and the degree to which governments and inclined to turn resource rents into public goods. Almost 1.5 billion people live in the more than 50 World Bank client countries classified as resource-dependent. A detailed understanding of the way political economy characteristics affect the NRM decisions made in these countries by governments, extractive developers, and society can improve the design of interventions to support welfare-enhancing policy making and governance in the natural resource sectors. Featuring case study work from Africa (Angola, the Democratic Republic of Congo, Ghana, Niger, Nigeria), East Asia and Pacific (the Lao People's Democratic Republic, Mongolia, Timor-Leste), and Latin America and the Caribbean (Bolivia, Chile, Ecuador, Mexico, Trinidad an dTobago_, the book provides guidance for government clients, domestic stakeholders, and development partners committed to transforming natural resource into sustainable development riches.

Author: Silvio Borner
Publisher: Springer
ISBN: 1349262846
Category : Political Science
Languages : en
Pages : 403

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Book Description
The state and its institutions are crucial for economic development: for better and for worse. This insight informs this important, up-to-date and authoritative survey of new trends in growth economics and the widely divergent economic performance of developing countries - for example, between Latin America and South-east Asia - which seemed to be similarly placed just a generation ago. The decisive role of the political dimension in economic growth seems clear but there are many challenges to be met in getting an analytical handle on the precise determinants and in testing empirically for this. This is the challenge taken up by the international team of contributors.

Author: Fred S. McChesney
Publisher: Harvard University Press
ISBN: 9780674583306
Category : Business & Economics
Languages : en
Pages : 252

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Book Description
The increased power of lobbyists in Washington and the excesses of campaign contributions suggest a government corrupted. But as McChesney shows, payments to politicians are often made not for political favors, but to avoid political disfavor. He analyzes the patterns of legal extortion underlying the current fabric of interest-group politics.

Author: David C. Colander
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 296

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Book Description
Based on papers originally presented at the Christian A. Johnson Conference on Economic Affairs held in Middlebury, Vermont, in April 1983.Includes index. Bibliography: p. 241-253.