EconPapers    
Economics at your fingertips  
 

Rent-Seeking Government and Endogenous Takeoff in a Schumpeterian Economy

Angus Chu ()

MPRA Paper from University Library of Munich, Germany

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 the Schumpeterian growth model with endogenous takeoff, we find that a more self-interested government engages more in rent-seeking taxation, which delays the transition of the economy from pre-industrial stagnation to modern economic growth. Quantitatively, a completely self-interested government delays industrialization, relative to a benevolent government, by eight decades.

Keywords: rent-seeking government; endogenous takeoff; industrialization (search for similar items in EconPapers)
JEL-codes: O3 O4 (search for similar items in EconPapers)
Date: 2020-12
New Economics Papers: this item is included in nep-gro
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/104974/1/MPRA_paper_104974.pdf original version (application/pdf)
https://mpra.ub.uni-muenchen.de/106792/1/MPRA_paper_106792.pdf revised version (application/pdf)
https://mpra.ub.uni-muenchen.de/107887/1/MPRA_paper_107887.pdf revised version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:104974

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().

 
Page updated 2021-10-23
Handle: RePEc:pra:mprapa:104974