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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. Barreto, Raul A., 2000. "Endogenous corruption in a neoclassical growth model," European Economic Review, Elsevier, vol. 44(1), pages 35-60, January.
    2. Spyridon Boikos, 2013. "Corruption, Public Expenditure, and Human Capital Accumulation," Working Paper series 17_13, Rimini Centre for Economic Analysis.
    3. Raul A. Barreto & James Alm, 2003. "Corruption, Optimal Taxation, and Growth," Public Finance Review, , vol. 31(3), pages 207-240, May.
    4. 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.
    5. 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.
    6. 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.
    7. Mushfiq Swaleheen, 2011. "Economic growth with endogenous corruption: an empirical study," Public Choice, Springer, vol. 146(1), pages 23-41, January.
    8. 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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