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Entrepreneurship and Rent-Seeking Behavior

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  • Marcus Dejardin

    ()
    (CERPE, Department of economics, University of Namur-FUNDP)

Abstract

In this chapter, we propose a primer of the treatment that has received in the economic literature the problematic of entrepreneurship and rent-seeking behavior. It comprises the introduction of employed concepts, the discussion of the allocation of entrepreneurs between different types of economic projects, namely between innovative entrepreneurship and rent-seeking, as well as the explicative factors of the allocation. Interactions between entrepreneurship, rent-seeking and growth are considered (also for a reference situation departing from the first best). Some policy implications are finally briefly evoked.

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File URL: http://www.fundp.ac.be/eco/economie/recherche/wpseries/wp/1112.pdf
File Function: First version, 2011
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Bibliographic Info

Paper provided by University of Namur, Department of Economics in its series Working Papers with number 1112.

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Length: 9 pages
Date of creation: Jan 2011
Date of revision:
Handle: RePEc:nam:wpaper:1112

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Keywords: Entrepreneurship; Rent-seeking; Economic development;

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  1. Mehlum,H. & Moene,K. & Torvik,R., 2000. "Predator or prey? : parasitic enterprises in economic development," Memorandum 27/2000, Oslo University, Department of Economics.
  2. Halvor Mehlum & Karl Moene & Ragnar Torvik, 2002. "Institutions and the resource curse," Development and Comp Systems 0210003, EconWPA.
  3. Do, Quy-Toan & Levchenko, Andrei A., 2009. "Trade, inequality, and the political economy of institutions," Journal of Economic Theory, Elsevier, vol. 144(4), pages 1489-1520, July.
  4. Douhan, Robin & Henrekson, Magnus, 2008. "Productive and Destructive Entrepreneurship in a Political Economy Framework," Working Paper Series 761, Research Institute of Industrial Economics.
  5. Baland, Jean-Marie & Francois, Patrick, 2000. "Rent-seeking and resource booms," Journal of Development Economics, Elsevier, vol. 61(2), pages 527-542, April.
  6. Douhan, Robin & Henrekson, Magnus, 2007. "The Political Economy of Entrepreneurship: An Introduction," Working Paper Series 688, Research Institute of Industrial Economics.
  7. Azam Chaudhry & Phillip Garner, 2007. "Do Governments Suppress Growth? Institutions, Rent-Seeking, And Innovation Blocking In A Model Of Schumpeterian Growth," Economics and Politics, Wiley Blackwell, vol. 19(1), pages 35-52, 03.
  8. Gradstein, Mark, 2002. "Governance and Growth," CEPR Discussion Papers 3270, C.E.P.R. Discussion Papers.
  9. Perroni, Carlo & Proto, Eugenio, 2010. "Entrepreneurial drain under moral hazard: A high-yield sector curse?," Journal of Development Economics, Elsevier, vol. 93(1), pages 63-70, September.
  10. Torvik, Ragnar, 2002. "Natural resources, rent seeking and welfare," Journal of Development Economics, Elsevier, vol. 67(2), pages 455-470, April.
  11. Mohtadi, Hamid & Roe, Terry L., 2001. "Democracy, Rent Seeking, Public Spending And Growth," Bulletins 12981, University of Minnesota, Economic Development Center.
  12. Halvor Mehlum & Kalle Moene & Ragnar Torvik, 2003. "Destructive Creativity," Nordic Journal of Political Economy, Nordic Journal of Political Economy, vol. 29, pages 77-84.
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