Download or read book Three Essays on the Macroeconomic Impacts of Rent Seeking written by Kurt Von Seekamm and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Chapter 1 of this dissertation focuses on the political economy of rent seeking. Using trading in financial markets, patent litigation and managerial privilege as descriptive examples from the modern economy, it identifies situations where rent seeking opportunities occur. The challenge of correctly distinguishing between productive activities and rent seeking activities demonstrate the empirical challenges of examining rent seeking. This chapter also suggests that in addition to the opportunity cost of physical capital, modern rent seeking has a significant opportunity cost in the form of the misallocation of human capital. Chapter 2 explores the relationship between increased rent seeking, aggregate demand, and economic growth. A mature economy Post-Keynesian model is developed to include the existence of economic rents. Two cases are explored. The first assumes a fixed markup and a flexible rate of capacity utilization along the balanced growth path. The second allows for a flexible markup and a fixed rate of capacity utilization. In both cases, the existence of rent seeking has negative effects on the long-run rate of low-skill employment and negative level effects through the redistribution of high-skill workers. Using IPEDS data on degree completions by field of study for the 48 contiguous states from 1990-2010, chapter 3 uses the composition of postsecondary degree completions by major field of study as an indicator of the degree of rent seeking. Increases in the level of rent seeking are shown to have negative effects on the growth rate of real personal income per capita. A stylized growth model shows how rent seeking regimes can explain the empirical results.
Download or read book Rents Rent Seeking and Economic Development written by Mushtaq Husain Khan and published by Cambridge University Press. This book was released on 2000-09-07 with total page 358 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.
Download or read book Three Essays on the Macroeconomics of Labor Markets written by Fernando Barbosa Filho and published by . This book was released on 2006 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Rethinking Investment Incentives written by Ana Teresa Tavares-Lehmann and published by Columbia University Press. This book was released on 2016-07-12 with total page 369 pages. Available in PDF, EPUB and Kindle. Book excerpt: Governments often use direct subsidies or tax credits to encourage investment and promote economic growth and other development objectives. Properly designed and implemented, these incentives can advance a wide range of policy objectives (increasing employment, promoting sustainability, and reducing inequality). Yet since design and implementation are complicated, incentives have been associated with rent-seeking and wasteful public spending. This collection illustrates the different types and uses of these initiatives worldwide and examines the institutional steps that extend their value. By combining economic analysis with development impacts, regulatory issues, and policy options, these essays show not only how to increase the mobility of capital so that cities, states, nations, and regions can better attract, direct, and retain investments but also how to craft policy and compromise to ensure incentives endure.
Download or read book Three Essays on Macroeconomic Theory written by Heegab Choi and published by . This book was released on 1994 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Selected Works of Joseph E Stiglitz written by Joseph E. Stiglitz and published by Oxford University Press. This book was released on 2009 with total page 904 pages. Available in PDF, EPUB and Kindle. Book excerpt: The second in a series of six volumes containing a selection of Joseph Stiglitz's most important and widely cited work. Volume I set out the basic concepts underlying the economics of information. Volume II extends these concepts and applies them to a number of different settings in labour, capital, and product markets
Download or read book Tropical Gangsters written by Robert Klitgaard and published by . This book was released on 1990-10-14 with total page 312 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is an account of the author’s two-and-a-half year adventure in Equatorial Guinea, and his efforts to get this small bankrupt African nation on the path of structural development.
Download or read book Economics written by Melvin W. Reder and published by University of Chicago Press. This book was released on 1999 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the 1930s economists have increasingly emphasized the scientific, quantitative side of their field, which has directed research to topics that can be elaborated through mathematical models. Economist Melvin Reder argues that this ongoing historical shift has been the result of pressure from two directions: from society's demand that expert advice be based on "scientific findings," and from economists themselves, who have wanted to view their own profession as a science. Economics: The Culture of a Controversial Science describes the profession of economics as it has developed in response to these challenges.
Download or read book Routledge Handbook of the Informal Economy written by Ceyhun Elgin and published by Taylor & Francis. This book was released on 2024-08-30 with total page 458 pages. Available in PDF, EPUB and Kindle. Book excerpt: Delve into the complex landscape of the informal economy with the Routledge Handbook of the Informal Economy, a groundbreaking volume that transcends conventional economic analysis by contextualizing it within a broader regulatory and social framework. This comprehensive handbook offers cutting-edge categorical, thematic, and regional analyses of the informal, or shadow, economy. An esteemed international ensemble of contributors draws on diverse economic perspectives, exploring a spectrum of definitions and measures, including household, firm-level, and employment-based metrics, alongside perceptional and model-based estimates. Employing a variety of econometric and methodological approaches, the volume provides both regional and global estimates of the informal economy's extent. Beyond conventional boundaries, it unveils various facets of informality, from child labor, tax evasion, and self-employment to precarious and undeclared work. In-depth examinations of the determinants and consequences of informality enhance the volume's robust analysis. As a forward-looking compendium, the handbook also offers insights into the future trajectory of the informal economy as we journey further into the 21st century. This definitive and up-to-date reference work is indispensable for readers in labor economics, development economics, political economy, policy studies, and sociology, offering a nuanced understanding of the multifaceted dimensions and dynamics of the informal economy.
Download or read book The Rise and Decline of Nations written by Mancur Olson and published by Yale University Press. This book was released on 2022-01-01 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: "A compelling theory on the rationale for the changing fortunes of nations"--Publisher's website.
Download or read book Essays on the Economic Role of Government written by Warren J. Samuels and published by Springer. This book was released on 1992-06-18 with total page 374 pages. Available in PDF, EPUB and Kindle. Book excerpt: Contains a collection of articles applying fundamental concepts of power, property, regulation and the compensation principle to contemporary topics: the wealth maximization hypothesis, the Coase theorem, public utility regulation, and other topics in law and economics.
Download or read book Three Essays on Bank Passivity and Bargaining written by Junghee Park and published by . This book was released on 2004 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Companion to the Political Economy of Rent Seeking written by R. D. Congleton and published by Edward Elgar Publishing. This book was released on 2015-02-27 with total page 553 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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
Download or read book Rent Seeking Institutions and Reforms in Africa written by Pius Fischer and published by Springer Science & Business Media. This book was released on 2007-12-03 with total page 692 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume identifies rent-seeking behavior as a primary cause of poor economic performance in many places, particulary Africa. The book presents a detailed empirical study of rent-seeking within the civil service, parastatal sector, and business community in Tanzania. It quantifies and evaluates the rent-seeking behavior of more than 300 parastatal companies and the resulting impact on society. The conclusions on reform strategies are applicable to counties within and outside Africa.
Download or read book Three Essays on Institutional and Economic Development written by Kevin Sylwester and published by . This book was released on 1997 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Three Essays on the Strategic Effects of Debt on Firms R D Decisions written by Sungcheon Kang and published by . This book was released on 2004 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Three Essays on Central Banking and Credit Policy in Mexico written by Armando Perez-Gea and published by . This book was released on 1993 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt:
