Influence of Political Campaign Contributions by American Agribusiness Firms on U.S. Farm Policy
AbstractThis study adapts Ndayisenga and Kinsey's econometric model of the allocation of political campaign contributions by agribusiness firms. This model combines information on campaign contributions for political influence with the behavior assumption of profit maximization to test the hypotheses that agribusiness firms do not lobby against farm policies. Model results support the hypotheses and show that lobbying expenditure in output markets is statistically significant, and that political campaign contributions to the Democratic Party significantly correlate with agribusiness firms' profits. The conclusions of this study provide useful information about the intentions of agribusiness firms that participate in the political market, but the results should be carefully interpreted.
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Bibliographic InfoPaper provided by European Association of Agricultural Economists in its series 2002 International Congress, August 28-31, 2002, Zaragoza, Spain with number 24855.
Date of creation: 2002
Date of revision:
Agribusiness firm; farm policy; lobbying; political contributions; Political Economy;
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- Becker, Gary S, 1983. "A Theory of Competition among Pressure Groups for Political Influence," The Quarterly Journal of Economics, MIT Press, vol. 98(3), pages 371-400, August.
- Bhagwati, Jagdish N., 1980. "Lobbying and welfare," Journal of Public Economics, Elsevier, vol. 14(3), pages 355-363, December.
- Wellisz, Stanislaw & Wilson, John D., 1986. "Lobbying and tariff formation: A deadweight loss consideration," Journal of International Economics, Elsevier, vol. 20(3-4), pages 367-375, May.
- Cairns, Robert D., 1989. "Dynamic rent seeking," Journal of Public Economics, Elsevier, vol. 39(3), pages 315-334, August.
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