Rent Seeking in Korean Government Budget Allocation

Min Jeong Park

International Review of Public Administration, 2007, vol. 12, issue 2, 33-44

Abstract: In the process of budget allocation most political actors make an effort to recieve a larger budget or in lessening the amounts of cutbacks. This phenomenon is a kind of rent seeking which brings about social waste and social inefficiency. Most of the previous literatures on budget allocation considered it as just a transfer from government without considering the waste caused by the intentional transfer from government. This study researched the budget allocation causing social waste with a different viewpoint rent seeking theory. This study aims to find out how the social waste of rent seeking is spent when the government allots the budget and what factors explain the waste of rent seeking in Korea. In order to analyze this matter, this research approaches the subject with both quantitative and qualitative methods. Through these two approaches, the size of rent seeking, the factors to affect the size of rent seeking and the behavior of rent seeking are explained.

Date: 2007
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DOI: 10.1080/12294659.2008.10805103

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