Influence of Political Campaign Contributions by American Agribusiness Firms on U.S. Farm Policy
This study adapts Ndayisenga and Kinsey's econometric model of the allocation of political campaign contributions by agribusiness firms. This model combines information on campaign contributions for political influence with the behavior assumption of profit maximization to test the hypotheses that agribusiness firms do not lobby against farm policies. Model results support the hypotheses and show that lobbying expenditure in output markets is statistically significant, and that political campaign contributions to the Democratic Party significantly correlate with agribusiness firms' profits. The conclusions of this study provide useful information about the intentions of agribusiness firms that participate in the political market, but the results should be carefully interpreted.
|Date of creation:||2002|
|Date of revision:|
|Contact details of provider:|| Web page: http://www.eaae.org|
More information through EDIRC
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Bhagwati, Jagdish N., 1980. "Lobbying and welfare," Journal of Public Economics, Elsevier, vol. 14(3), pages 355-363, December.
- J. Bhagwati & T. N. Srinivasan, 1979.
"Revenue-Seeking: A Generalization of the Theory of Tariffs,"
243, Massachusetts Institute of Technology (MIT), Department of Economics.
- Bhagwati, Jagdish N & Srinivasan, T N, 1980. "Revenue Seeking: A Generalization of the Theory of Tariffs," Journal of Political Economy, University of Chicago Press, vol. 88(6), pages 1069-87, December.
- Wellisz, Stanislaw & Wilson, John D., 1986. "Lobbying and tariff formation: A deadweight loss consideration," Journal of International Economics, Elsevier, vol. 20(3-4), pages 367-375, May.
- Becker, Gary S, 1983. "A Theory of Competition among Pressure Groups for Political Influence," The Quarterly Journal of Economics, MIT Press, vol. 98(3), pages 371-400, August.
- Cairns, Robert D., 1989. "Dynamic rent seeking," Journal of Public Economics, Elsevier, vol. 39(3), pages 315-334, August.
When requesting a correction, please mention this item's handle: RePEc:ags:eaae02:24855. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search)
If references are entirely missing, you can add them using this form.