Efficient rent-seeking under varying cost structures

Paul, Chris; Wilhite, Al

doi:10.1007/bf00124372

Cited by 18 publications

(6 citation statements)

References 14 publications

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“…Several other studies have conducted endogenous growth theories to measure the effect of rent‐seeking on economic growth. Paul and Wilhite (1990) in his endogenous model, rent‐seeking has reducing effects only on output but no growth effects exist while Knut (1993) conducted an endogenous growth model using lobbying as a proxy for rent‐seeking, which causes the endogeneity of policy. Rama (1993) also investigated the relationship between rent‐seeking activities and economic growth in an endogenous growth model and found out that rent‐seeking activities have negative influences on economic growth 4…”

Section: Literature Reviewmentioning

confidence: 99%

The impact of rent‐seeking on economic growth in the six geographic regions: Evidence from static and dynamic panel data analysis

Fethı

İmamoğlu

2020

Int. J Fin Econ

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This paper empirically investigates the impact of rent‐seeking on economic growth by introducing an augmented Solow growth model over the period 2010–2015. Static and dynamic panel regression models are employed to investigate this impact for the six geographic regions, namely, Sub‐Saharan Africa, East Asia and Pacific, Europe and Central Asia, Latin America and the Caribbean, Middle East and North Africa, and South Asia according to the World Bank's classification. Results reveal that the impact of control for rent‐seeking on economic growth is found highly significant and positive for most of the regions however, no significant effect could detect on the control for rent‐seeking on economic growth for advanced economies. Results also show that there exists mixed evidence between gross fixed capital as a percentage of gross domestic product, Employment ratio and economic growth for the six geographic regions. The results can be interpreted in favour of the advanced economies that they can relatively handle the rent‐seeking problem compared to the relatively weak economies due to much better political and economic stability, better administrative mechanism, stronger law system, more adequate public services, better health, and education system as well as more advanced infrastructure.

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Section: Literature Reviewmentioning

confidence: 99%

The impact of rent‐seeking on economic growth in the six geographic regions: Evidence from static and dynamic panel data analysis

Fethı

İmamoğlu

2020

Int. J Fin Econ

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“…This type of rent seeking game is often used to represent political contests such as running for an office, lobbying, or military conflicts. It is also used to model recruitment of talent, lotteries, advertisement, and patent races (Tullock (1980), Nitzan (1994), and Paul and Wilhite (1990)). Traditionally, the existence of a pure strategy Nash equilibrium in these applications is established using firstorder conditions under the appropriate differentiability assumptions.…”

Section: Weak Upper Semicontinuitymentioning

confidence: 99%

Reciprocal Upper Semicontinuity and Better Reply Secure Games: A Comment

Bagh

Jofré

2006

Econometrica

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“…For a recent survey of the rent-seeking literature, see Nitzan (1994). For various extensions of Tullock's (1980) contest see, for example, Leininger (1993), Hillman and Riley (1989), Michaels (1989), Paul and Wilhite (1990), Nitzan (1991aNitzan ( , 1991b and Hillman and Katz (1984). 2.…”

Section: Notesmentioning

confidence: 99%