Residential College | false |
Status | 已發表Published |
Rent-seeking government and endogenous takeoff in a Schumpeterian economy | |
Chu, Angus C.1; Furukawa, Yuichi2; Wang, Xilin3 | |
2022-06 | |
Source Publication | JOURNAL OF MACROECONOMICS |
ABS Journal Level | 2 |
ISSN | 0164-0704 |
Volume | 72Pages:103399 |
Abstract | This study explores how the rent-seeking behavior of the government may impede economic development and delay industrialization. Introducing a rent-seeking government to a Schumpeterian growth model that features endogenous takeoff, we find that a more self-interested government engages in more rent-seeking taxation, which delays the economy's transition from pre-industrial stagnation to modern economic growth. Quantitatively, a completely self-interested government could have delayed industrialization, relative to a benevolent government, by about two centuries in the UK. |
Keyword | Rent-seeking Government Endogenous Takeoff Industrialization |
DOI | 10.1016/j.jmacro.2022.103399 |
URL | View the original |
Indexed By | SSCI |
Language | 英語English |
WOS Research Area | Business & Economics |
WOS Subject | Economics |
WOS ID | WOS:000819919600002 |
Publisher | ELSEVIER, RADARWEG 29, 1043 NX AMSTERDAM, NETHERLANDS |
Scopus ID | 2-s2.0-85124177001 |
Fulltext Access | |
Citation statistics | |
Document Type | Journal article |
Collection | DEPARTMENT OF ECONOMICS |
Corresponding Author | Wang, Xilin |
Affiliation | 1.Department of Economics, University of Macau, Macau, China 2.Faculty of Economics, Aichi University, Nagoya, Japan 3.China Center for Economic Studies, School of Economics, Fudan University, Shanghai, China |
First Author Affilication | University of Macau |
Recommended Citation GB/T 7714 | Chu, Angus C.,Furukawa, Yuichi,Wang, Xilin. Rent-seeking government and endogenous takeoff in a Schumpeterian economy[J]. JOURNAL OF MACROECONOMICS, 2022, 72, 103399. |
APA | Chu, Angus C.., Furukawa, Yuichi., & Wang, Xilin (2022). Rent-seeking government and endogenous takeoff in a Schumpeterian economy. JOURNAL OF MACROECONOMICS, 72, 103399. |
MLA | Chu, Angus C.,et al."Rent-seeking government and endogenous takeoff in a Schumpeterian economy".JOURNAL OF MACROECONOMICS 72(2022):103399. |
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