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Rent Seeking and Growth: The Case of Growth through Human Capital Accumulation

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  • Pual Pecorino

Abstract

This paper follows the work of H. Uzawa (1965) and R. E. Lucas (1988) by presenting an endogenous growth model with human capital accumulation as the engine of growth. Agents make time allocation decisions in an economy where quantitative restrictions are employed in the trade regime. Agents may allocate time to obtain valuable import licences. The effect of this activity on the growth rate is found to be dependent upon whether agents specialize in the rent-seeking activity. When agents do not specialize, the rent-seeking activity reduces growth by reducing the incentive to accumulate productive human capital.

Suggested Citation

  • Pual Pecorino, 1992. "Rent Seeking and Growth: The Case of Growth through Human Capital Accumulation," Canadian Journal of Economics, Canadian Economics Association, vol. 25(4), pages 944-956, November.
    • Handle: RePEc:cje:issued:v:25:y:1992:i:4:p:944-56
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    Cited by:

    1. Spyridon Boikos, 2016. "Corruption, Public Expenditure and Human Capital Accumulation," Review of Economic Analysis, Digital Initiatives at the University of Waterloo Library, vol. 8(1), pages 17-45, June.
    2. Natkhov Timur & Polishchuk Leonid, 2012. "Institutions and the Allocation of Talent," HSE Working papers WP BRP 15/EC/2012, National Research University Higher School of Economics.
    3. Raghbendra Jha & Anandi P. Sahu, 1997. "Tax policy and Human Capital Accumulation in a Ressource-Constrained Growing Dual Economy," Public Finance Review, , vol. 25(1), pages 58-82, January.
    4. Ben J. Heijdra & Pim Heijnen, 2023. "Rent Seeking, Capital Accumulation, and Macroeconomic Growth," CESifo Working Paper Series 10771, CESifo.
    5. Raul A. Barreto & James Alm, 2003. "Corruption, Optimal Taxation, and Growth," Public Finance Review, , vol. 31(3), pages 207-240, May.
    6. Rossana Patron, 2014. "On the institutional limits to human capital," Investigaciones de Economía de la Educación volume 9, in: Adela García Aracil & Isabel Neira Gómez (ed.), Investigaciones de Economía de la Educación 9, edition 1, volume 9, chapter 45, pages 867-878, Asociación de Economía de la Educación.
    7. Philip Akrofi Atitianti & James Chukwubudom Chikelu, 2021. "Corruption and firm growth: evidence from Nigeria," SN Business & Economics, Springer, vol. 1(5), pages 1-18, May.
    8. Mushfiq Swaleheen, 2011. "Economic growth with endogenous corruption: an empirical study," Public Choice, Springer, vol. 146(1), pages 23-41, January.
    9. Barreto, Raul A., 2000. "Endogenous corruption in a neoclassical growth model," European Economic Review, Elsevier, vol. 44(1), pages 35-60, January.
    10. Chakraborty, Bidisha & Gupta, Manash Ranjan, 2009. "Human capital, inequality, endogenous growth and educational subsidy: A theoretical analysis," Research in Economics, Elsevier, vol. 63(2), pages 77-90, June.
    11. Legaspe Francisco, 2023. "Effect of corruption on economic growth," Asociación Argentina de Economía Política: Working Papers 4663, Asociación Argentina de Economía Política.
    12. Nifo, Annamaria & Scalera, Domenico & Vecchione, Gaetano, 2016. "What do you want to be when you grow up? Local institutional quality and the choice of the fields of study in Italy (2004-2007)," MPRA Paper 69907, University Library of Munich, Germany.
    13. us Swaleheen, Mushfiq, 2008. "Corruption and saving in a panel of countries," Journal of Macroeconomics, Elsevier, vol. 30(3), pages 1285-1301, September.

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