IDEAS home Printed from https://ideas.repec.org/a/url/upravl/v10y2019i6p2-14.html
   My bibliography  Save this article

Systematic rent in global value chains

Author

Listed:
  • Ruslan A. Samsonov

    (Altai State University)

  • Sergey N. Bocharov

    (Altai State University)

Abstract

The theory of global value chains (GVCs) is one of the most extensive and promising theories in explaining the patterns and special features of the development of regional, national and international economies, which allows improving methods and models of strategic management of enterprises participating in GVCs. Based on the theory of systematic rent by Aleksey Gubar, we put forward a hypothesis suggesting that capital reproduction within GVCs is implemented through the system of economic mechanisms of rental relations. The proposed approach transcends the limitations of strategic management in the analysis of relational rents regarding the sources and mechanisms for forming dynamic competitive advantages of enterprises in the process of their interaction within value chains at different levels. The methodological framework includes theories of technological waves, rent and contracts, as well as the system-based approach to the analysis of qualitative and structural-dynamic characteristics of capital reproduction in GVCs. The research methods are economic modelling, statistical and graphical analysis. The study of processes and trends in capital reproduction within GVCs through the prism of the mechanism of systematic rent makes it possible to identify their patterns, peculiarities, forms and dynamics while concentrating on the major sources, stimuli and factors of development. We conclude that it is necessary to consider the systematic rent mechanism when framing business strategies and programs of state and regional development of the Russian economy within GVCs. At that, ignoring or misunderstanding rental economic mechanisms can cause serious errors in economic policy.

Suggested Citation

  • Ruslan A. Samsonov & Sergey N. Bocharov, 2019. "Systematic rent in global value chains," Upravlenets, Ural State University of Economics, vol. 10(6), pages 2-14, December.
    • Handle: RePEc:url:upravl:v:10:y:2019:i:6:p:2-14
    DOI: 10.29141/2218-5003-2019-10-6-1
    as

    Download full text from publisher

    File URL: http://upravlenets.usue.ru/images/82/1.pdf
    Download Restriction: no
    File URL: http://upravlenets.usue.ru/ru/-2019/599
    Download Restriction: no
    File URL: https://libkey.io/10.29141/2218-5003-2019-10-6-1?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Ruslan A. SAMSONOV & Sergey N. BOCHAROV, 2018. "Stakeholder Responsibility in the Formation of Global Value Chains," Upravlenets, Ural State University of Economics, vol. 9(4), pages 53-65, August.
    2. Joseph J. Spengler, 1950. "Vertical Integration and Antitrust Policy," Journal of Political Economy, University of Chicago Press, vol. 58(4), pages 347-347.
    3. Posner, Richard A, 1975. "The Social Costs of Monopoly and Regulation," Journal of Political Economy, University of Chicago Press, vol. 83(4), pages 807-827, August.
    4. Littlechild, S C, 1981. "Misleading Calculations of the Social Costs of Monopoly Power," Economic Journal, Royal Economic Society, vol. 91(362), pages 348-363, June.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Arye L. Hillman & Heinrich W. Ursprung, 2016. "Where are the rent seekers?," Constitutional Political Economy, Springer, vol. 27(2), pages 124-141, June.
    2. Shuntian Yao & Lydia L. Gan, 2006. "The Welfare Effects of Monopoly Innovation," Economic Growth Centre Working Paper Series 0609, Nanyang Technological University, School of Social Sciences, Economic Growth Centre.
    3. Yao, Shuntian & Gan, Lydia, 2010. "Monopoly innovation and welfare effects," Economics Discussion Papers 2010-10, Kiel Institute for the World Economy (IfW Kiel).
    4. Alcalde, José & Dahm, Matthias, 2010. "Rent seeking and rent dissipation: A neutrality result," Journal of Public Economics, Elsevier, vol. 94(1-2), pages 1-7, February.
    5. Committee, Nobel Prize, 2014. "Market power and regulation (scientific background)," Nobel Prize in Economics documents 2014-2, Nobel Prize Committee.
    6. Mueller, Dennis C., 1996. "Lessons from the United States's antitrust history," International Journal of Industrial Organization, Elsevier, vol. 14(4), pages 415-445, June.
    7. Tan Ngoc Vu & Duc Hong Vo & Michael McAleer, 2019. "Rent seeking for export licenses: Application to the Vietnam rice market," Documentos de Trabajo del ICAE 2019-13, Universidad Complutense de Madrid, Facultad de Ciencias Económicas y Empresariales, Instituto Complutense de Análisis Económico.
    8. Limin Su & Yongchao Cao & Wenjuan Zhang, 2023. "Low-Carbon Supply Chain Operation Decisions and Coordination Strategies Considering the Consumers’ Preferences," Sustainability, MDPI, vol. 15(14), pages 1-20, July.
    9. Donna, Javier D. & Pereira, Pedro & Trindade, Andre & Yoshida, Renan C., 2020. "Direct-to-Consumer Sales by Manufacturers and Bargaining," MPRA Paper 105773, University Library of Munich, Germany.
    10. Moon, Ilkyeong & Feng, Xuehao, 2017. "Supply chain coordination with a single supplier and multiple retailers considering customer arrival times and route selection," Transportation Research Part E: Logistics and Transportation Review, Elsevier, vol. 106(C), pages 78-97.
    11. Thomas Grandner, 2006. "A Note on Franchising and Wage Bargaining," Journal of Economics, Springer, vol. 87(3), pages 281-293, April.
    12. Kjell Hausken, 2023. "Two-period Colonel Blotto contest with cumulative investments over variable assets with resource constraints," SN Business & Economics, Springer, vol. 3(11), pages 1-18, November.
    13. De los Santos, Babur & Kim, In Kyung & Lubensky, Dmitry, 2018. "Do MSRPs decrease prices?," International Journal of Industrial Organization, Elsevier, vol. 59(C), pages 429-457.
      • Babur De los Santos & In Kyung Kim & Dmitry Lubensky, 2013. "Do MSRPs Decrease Prices?," Working Papers 2013-13, Indiana University, Kelley School of Business, Department of Business Economics and Public Policy.
    14. Mantell, Edmund H., 1996. "The social costs of monopoly and regulation: Posner reconsidered again," The Quarterly Review of Economics and Finance, Elsevier, vol. 36(2), pages 249-268.
    15. Antoine Gentier & Giusepina Gianfreda & Nathalie Janson, 2011. "Rent dissipation or government predation ? The notes issuance activity in Italy 1865-1882," Post-Print hal-00735325, HAL.
    16. Bustamante, Maria Cecilia, 2011. "Strategic investment, industry concentration and the cross section of returns," LSE Research Online Documents on Economics 37454, London School of Economics and Political Science, LSE Library.
    17. Fernando del Río, 2021. "The impact of rent seeking on social infrastructure and productivity," Review of Development Economics, Wiley Blackwell, vol. 25(3), pages 1741-1760, August.
    18. James Lake & Maia Linask, 2015. "Costly distribution and the non-equivalence of tariffs and quotas," Public Choice, Springer, vol. 165(3), pages 211-238, December.
    19. Deyan Yang & Jinyong Wang & Dongping Song, 2019. "Channel Structure Strategies of Supply Chains with Varying Green Cost and Governmental Interventions," Sustainability, MDPI, vol. 12(1), pages 1-26, December.
    20. Lei Xu & Govindan Kannan & Xiaoli Yang & Jian Li & Xiukun Zhao, 2013. "Pricing and Allotment in a Sea-Cargo Supply Chain with Reference Effect: A Dynamic Game Approach," Discrete Dynamics in Nature and Society, Hindawi, vol. 2013, pages 1-10, March.

    More about this item

    Keywords

    global value chain; systematic rent; capital; economic mechanism; strategy; contract; dynamic competitive advantage.;
    All these keywords.

    JEL classification:

    • D46 - Microeconomics - - Market Structure, Pricing, and Design - - - Value Theory
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • F6 - International Economics - - Economic Impacts of Globalization

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:url:upravl:v:10:y:2019:i:6:p:2-14. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Victor Blaginin (email available below). General contact details of provider: https://edirc.repec.org/data/usueeru.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.