Cover of: Rents, Rent-Seeking and Economic Development |

Rents, Rent-Seeking and Economic Development

Theory and Evidence in Asia
  • 352 Pages
  • 4.67 MB
  • 2104 Downloads
  • English

Cambridge University Press
Labour economics, General, Development - Economic Development, Political Science, Business / Economics / Finance, Rent (Economic theory), Politics/International Relations, Indian sub-continent, Indonesia, Malaysia, Philippines, South Korea, Thailand, Real Estate - General, Political Science / General, Asia, Southeastern, Economic conditions, Economic develo
ContributionsMushtaq H. Khan (Editor), Kwame Sundaram Jomo (Editor)
The Physical Object
FormatPaperback
ID Numbers
Open LibraryOL7753965M
ISBN 100521788668
ISBN 139780521788663

Drawing on both neo-classical and non-neoclassical economic theories, we see that the efficiency and growth implications of different rents can be very different. While some rents are indeed inefficient and growth-retarding, other rents play an essential role in growth and development.

This variability has important policy implications. 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 by: 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 /5(2).

Rents, Rent-seeking and Economic Development: An Introduction Mushtaq H. Khan The rapid economic development of a number of Asian countries over the past three decades lulled many observers into taking excessively complacent positions about Rents new “emerging markets”.

Rents, Rent-seeking and Economic Development: An Introduction Mushtaq H. Khan The rapid economic development of a number of Asian co untries over the past three decadesAuthor: Mushtaq Khan. Rents, Rent-Seeking and Economic Development. Rents, Rent-Seeking and Economic Development Theory and Evidence in Asia.

Get access. Rents and Economic Development: The Perspective of Why Nations Fail Daron Acemogluy James A. Robinsonz January Abstract We present the approach to comparative economic development of Why Nations Fail.

Economic prosperity requires inclusive economic institutions - those which create broad based incentives and opportunities in society. Request PDF | On Jan 1,M.

Khan and others published Rents, Rent-Seeking and Economic Development: Theory and Evidence in Asia | Find, read and Author: Mushtaq Khan. This book provides a critique of economic conventional wisdom about rent-seeking, corruption and the development process.

It provides a new approach to understanding and explaining the effects of rent-seeking in different countries.

Stanford Libraries' official online search tool for books, media, journals, databases, government documents and more. Rent seeking continues to be a topic of much discussion and debate Rent-Seeking and Economic Development book 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 approa. Book, Print in English Rents, rent-seeking and economic development: theory and evidence in Asia edited by Mushtaq H. Khan and Jomo Kwame Sundaram.

Cambridge ; New York: Cambridge University Press, xiv, pages: illustrations; 24 cm. Explore more options for this title. 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.

Rents, Rent-Seeking and Economic Development | Rent-seeking is about buying influence, which can range from lobbying to corruption. The concepts of rents and rent-seeking are central to any discussion of the processes of economic development. Rents and Economic Development: The Perspective of Why Nations Fail.

Abstract. We present the approach to comparative economic development of Why Nations Fail. Economic prosperity requires inclusive economic institutions – those which create broad based incentives and opportunities in society.

Extractive economic institutions, which lack. Rents, Rent-seeking and Economic Development (Book). // Journal of Asian Economics;Winter, Vol. 12 Issue 4, p Reviews the book 'Rents, Rent-Seeking and Economic Development: Theory and Evidence in Asia,' edited by Mushtaq H.

Khan and Jomo Kwame Sundaram.

Download Rents, Rent-Seeking and Economic Development EPUB

Rent-Seeking Economic rents are often generated by the productive use of naturally scarce inputs But sometimes people obtain rents by means of costly nonproductive activities: creating artificial scarcities manipulating their economic environment Using costly nonproductive activities to obtain economic rents is called rent-seeking.

and consequences of rents and rent-seeking strategies in the context of economic reforms and development cooperation, this book presents a detailed case study on rent-seeking within the civil service, parastatal sector and business com-munity.

It demonstrates how rent-seekers in File Size: 3MB. Definitions. According to Robert Tollison (), economic rents are "excess returns" above the "normal levels" that are generated in competitive markets. More specifically, a rent is "a return in excess of the resource owner's opportunity cost".

Henry George, best known for his proposal for a single tax on land, defines rent as "the part of the produce that accrues to the owners of land (or.

Rent-Seeking Economic rents are often generated by the productive use of naturally scarce inputs But sometimes people obtain rents by means of costly nonproductive activities: Using costly nonproductive activities to obtain economic rents is called rent-seeking.

He discusses the relation of the surplus to economic rents, and how conflicts over their distribution can affect economic growth and development. By drawing on ideas from classical economics in his discussion of rents and rent-seeking, it is possible to broaden the analysis of neo-classical economics, which dominates the modern mainstream, by.

Downloadable (with restrictions). Abstract We present the approach to comparative economic development of Why Nations Fail. Economic prosperity requires inclusive economic institutions—those which create broad based incentives and opportunities in society.

Extractive economic institutions, which lack these properties, create by: 2. Rent-seeking is about buying influence, which can range from lobbying to corruption.

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.

Rent-seeking is an attempt to obtain economic rent (i.e., the portion of income paid to a factor of production in excess of what is needed to keep it employed in its current use) by manipulating the social or political environment in which economic activities occur, rather than by creating new wealth.

Description Rents, Rent-Seeking and Economic Development EPUB

“ Rent seeking” is one of the most important insights in the last fifty years of economics and, unfortunately, one of the most inappropriately labeled. Gordon Tullock originated the idea inand Anne Krueger introduced the label in The idea is simple but powerful.

People are said to seek rents when they try [ ]. The second basic paper on rent seeking was by Krueger (). She was unaware of Tullock's contribution.

Details Rents, Rent-Seeking and Economic Development EPUB

She lays out a model of rent seeking along with some empirical estimates of the cost of rent seeking in the trade sectors of India and Turkey. She also gave the field its name as the title of her paper was "The Political Economy of Rent.

Following a comprehensive theoretical elaboration of the causes, properties and consequences of rents and rent-seeking strategies in the context of economic reforms and development cooperation, this book presents a detailed case study on rent-seeking within the.

What Is the Mises Daily. The Mises Daily articles are short and relevant and written from the perspective of an unfettered free market and Austrian economics.

Written for a broad audience of laymen and students, the Mises Daily features a wide variety of topics including everything from the history of the state, to international trade, to drug prohibition, and business cycles. 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 Pages:   A number of rents, and the rent-seeking which sustained them, played a critical role in the development of capitalism in the East Asian countries.

Not only was the creation of rents critical for primitive accumulation and learning, transfer rents were critical for maintaining political stability even though the economic implications of these transfers varied significantly.

Economic rent is the extra money or payment made over and above the amount expected by its owner. Whether you are expecting a certain hourly wage or looking for a specific amount of money to make.Jomo Kwame Sundaram (Tamil: ஜோமோ குவாமே சுந்தரம், romanized: Jōmō kuvāmē cuntaram) (born 11 December ), known as Jomo, is a prominent Malaysian holds the Tun Hussein Onn Chair in International Studies at the Institute of Strategic and International Studies, Malaysia, and is Visiting Senior Fellow at Khazanah Research Institute, Visiting.Rent Seeking Through Control of the State in Russia Mark I.

Levin and Georgy A. Satarov Rents and Development Failure in Africa John Mukum Mbaku and Mwangi S. Kimenyi Economic Development and Corruption in China in the Shadow of Rent Seeking Kang Chen and Liu Qijung Market Liberalization and Rent Seeking in India.