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題名 Rent‐seeking, R&D, and productivity
作者 賴育邦
Lai, Yu-Bong
貢獻者 財政系
關鍵詞 corruption; export subsidy; interest groups; lobbying; R&D; rent seeking; trade policy
日期 2020-01
上傳時間 26-五月-2020 13:40:20 (UTC+8)
摘要 To investigate whether rent‐seeking discourages productivity, we consider a third‐market model, in which a domestic firm and a foreign firm engage in both Research and Development (R&D) and output competition. We show that the relationship between rent‐seeking and productivity depends on two forces. On the one hand, rent‐seeking increases the marginal benefit of R&D and encourages productivity. On the other hand, a lower production cost due to R&D enables the government to extract the rent from the firm to a greater extent and discourages the productivity. Which force is dominant depends on the level of corruption or, as an alternative interpretation, the weight the government attaches to political contributions. Unlike the monotonic relationship proposed by the literature, we find a non‐monotonic relationship between rent‐seeking and productivity.
關聯 Scottish Journal of Political Economy, pp.1-20
資料類型 article
DOI https://doi.org/10.1111/sjpe.12243
dc.contributor 財政系
dc.creator (作者) 賴育邦
dc.creator (作者) Lai, Yu-Bong
dc.date (日期) 2020-01
dc.date.accessioned 26-五月-2020 13:40:20 (UTC+8)-
dc.date.available 26-五月-2020 13:40:20 (UTC+8)-
dc.date.issued (上傳時間) 26-五月-2020 13:40:20 (UTC+8)-
dc.identifier.uri (URI) http://nccur.lib.nccu.edu.tw/handle/140.119/129859-
dc.description.abstract (摘要) To investigate whether rent‐seeking discourages productivity, we consider a third‐market model, in which a domestic firm and a foreign firm engage in both Research and Development (R&D) and output competition. We show that the relationship between rent‐seeking and productivity depends on two forces. On the one hand, rent‐seeking increases the marginal benefit of R&D and encourages productivity. On the other hand, a lower production cost due to R&D enables the government to extract the rent from the firm to a greater extent and discourages the productivity. Which force is dominant depends on the level of corruption or, as an alternative interpretation, the weight the government attaches to political contributions. Unlike the monotonic relationship proposed by the literature, we find a non‐monotonic relationship between rent‐seeking and productivity.
dc.format.extent 727171 bytes-
dc.format.mimetype application/pdf-
dc.relation (關聯) Scottish Journal of Political Economy, pp.1-20
dc.subject (關鍵詞) corruption; export subsidy; interest groups; lobbying; R&D; rent seeking; trade policy
dc.title (題名) Rent‐seeking, R&D, and productivity
dc.type (資料類型) article
dc.identifier.doi (DOI) 10.1111/sjpe.12243
dc.doi.uri (DOI) https://doi.org/10.1111/sjpe.12243