Examining the relationship between rent and political expenditure: Using rent information obtained from financial statements

Mihoko Shimamoto
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Mihoko Shimamoto: (bilgi yok)

Journal of Economics and Political Economy, 2018, vol. 5, issue 2, 194-208

Abstract: This study aims to develop a standard method for measuring the rent of an individual enterprise from its financial statement data and to analyze the relationship between rents of companies and their political and R&D expenditures. A method is developed to measure monopoly and monopsony rents using mark-up rates under monopolistic equilibrium and competitive equilibrium. Using time-series financial statement data of Japanese industries, the average rents were calculated for 29 industries over 30 years. These rents were then regressed against political and R&D expenditures of industries. The results show that political expenditure is significantly related to rent, whereas R&D expenditure is not.

Keywords: Rent; Political expenditure; Financial statements; R&D expenditure; Japanese industries (search for similar items in EconPapers)
JEL-codes: C61 D22 D72 M41 P16 (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:cvv:journ1:v:5:y:2018:i:2:p:194-208

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