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

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  • David N. Laband
  • John P. Sophocleus

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.

Suggested Citation

  • David N. Laband & John P. Sophocleus, 1992. "An Estimate of Resource Expenditures on Transfer Activity in the United States," The Quarterly Journal of Economics, Oxford University Press, vol. 107(3), pages 959-983.
  • Handle: RePEc:oup:qjecon:v:107:y:1992:i:3:p:959-983.
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    File URL: http://hdl.handle.net/10.2307/2118370
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    Cited by:

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    4. Ian Ayres & Steven D. Levitt, 1998. "Measuring Positive Externalities from Unobservable Victim Precaution: An Empirical Analysis of Lojack," The Quarterly Journal of Economics, Oxford University Press, vol. 113(1), pages 43-77.
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    8. Stergios Skaperdas & Samarth Vaidya, 2012. "Persuasion as a contest," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 51(2), pages 465-486, October.
    9. 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.
    10. Kahana, Nava & Klunover, Doron, 2014. "Rent seeking and the excess burden of taxation," European Journal of Political Economy, Elsevier, vol. 35(C), pages 158-167.
    11. Richard L. Carson, 2009. "The Effect of Rent Seeking on Economics Growth," Carleton Economic Papers 09-10, Carleton University, Department of Economics, revised 19 Dec 2016.
    12. 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.
    13. Josten, Stefan Dietrich, 2003. "Inequality, Crime and Economic Growth: A Classical Argument for Distributional Equality," International Tax and Public Finance, Springer;International Institute of Public Finance, vol. 10(4), pages 435-452, August.
    14. Lott, John R, Jr, 2000. "A Simple Explanation for Why Campaign Expenditures Are Increasing: The Government Is Getting Bigger," Journal of Law and Economics, University of Chicago Press, vol. 43(2), pages 359-393, October.
    15. 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.
    16. Sheremeta, Roman, 2016. "Impulsive Behavior in Competition: Testing Theories of Overbidding in Rent-Seeking Contests," MPRA Paper 73731, University Library of Munich, Germany.
    17. repec:elg:eechap:15325_1 is not listed on IDEAS
    18. 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.
    19. 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.
    20. Warneryd, Karl, 2003. "Information in conflicts," Journal of Economic Theory, Elsevier, vol. 110(1), pages 121-136, May.
    21. Kahana, Nava & Klunover, Doron, 2014. "Rent Seeking and the Excess Burden of Taxation," IZA Discussion Papers 8160, Institute of Labor Economics (IZA).
    22. Richard L. Carson, 2009. "Rent Seeking and Inclusiveness," Carleton Economic Papers 09-05, Carleton University, Department of Economics, revised 19 Dec 2016.

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