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An Estimate of Resource Expenditures on Transfer Activity in the United States

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  • Laband, David N
  • Sophocleus, John P

Abstract

This paper details resource expenditures on nonexchange, noncharity transfer activity in the United States in 1985. Expenditures designed to facilitate and inhibit nonexchange transfers, executed privately or through the state, are reported. The numbers indicate that individuals plausibly invested nearly a trillion dollars in transfer activity that year. Nominal GNP in 1985 was just over $4 trillion, which includes numerous transfer-related resource investments that arguably should be subtracted out. Transfer activity, thus, apparently constitutes a much larger fraction of all economic activity conducted in the United States than previously recognized. Copyright 1992, the President and Fellows of Harvard College and the Massachusetts Institute of Technology.

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Bibliographic Info

Article provided by MIT Press in its journal Quarterly Journal of Economics.

Volume (Year): 107 (1992)
Issue (Month): 3 (August)
Pages: 959-83

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Handle: RePEc:tpr:qjecon:v:107:y:1992:i:3:p:959-83

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  1. Van Long, Ngo, 2013. "The theory of contests: A unified model and review of the literature," European Journal of Political Economy, Elsevier, vol. 32(C), pages 161-181.
  2. Stergios Skaperdas & Samarth Vaidya, 2007. "Persuasion as a Contest," Working Papers 070809, University of California-Irvine, Department of Economics.
  3. Wärneryd, Karl, 2001. "Information in conflicts," Discussion Papers, Research Unit: Market Processes and Governance FS IV 01-11, Social Science Research Center Berlin (WZB).
  4. Yogesh Uppal, 2011. "Does legislative turnover adversely affect state expenditure policy? Evidence from Indian state elections," Public Choice, Springer, vol. 147(1), pages 189-207, April.
  5. Ana Rodríguez-Álvarez & Ignacio Rosal & José Baños-Pino, 2007. "The cost of strikes in the Spanish mining sector: modelling an undesirable input with a distance function," Journal of Productivity Analysis, Springer, vol. 27(1), pages 73-83, February.
  6. Angelopoulos, Konstantinos & Philippopoulos, Apostolis & Vassilatos, Vanghelis, 2009. "The social cost of rent seeking in Europe," European Journal of Political Economy, Elsevier, vol. 25(3), pages 280-299, September.
  7. Ian Ayres & Steven D. Levitt, 1997. "Measuring Positive Externalities from Unobservable Victim Precaution: An Empirical Analysis of Lojack," NBER Working Papers 5928, National Bureau of Economic Research, Inc.
  8. Ann Dryden Witte & Robert Witt, 2001. "What We Spend and What We Get: Public and Private Provision of Crime Prevention," NBER Working Papers 8204, National Bureau of Economic Research, Inc.
  9. Richard L. Carson, 2009. "On Rent Seeking and Economic Growth," Carleton Economic Papers 09-10, Carleton University, Department of Economics, revised 18 Apr 2013.
  10. Kahana, Nava & Klunover, Doron, 2014. "Rent Seeking and the Excess Burden of Taxation," IZA Discussion Papers 8160, Institute for the Study of Labor (IZA).
  11. Richard L. Carson, 2009. "On Rent Seeking and Inclusiveness," Carleton Economic Papers 09-05, Carleton University, Department of Economics, revised 18 Apr 2013.
  12. Robert Tollison, 2012. "The economic theory of rent seeking," Public Choice, Springer, vol. 152(1), pages 73-82, July.
  13. Josten, Stefan Dietrich, 2003. "Inequality, Crime and Economic Growth: A Classical Argument for Distributional Equality," International Tax and Public Finance, Springer, vol. 10(4), pages 435-52, August.

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