Rent-seeking government and endogenous takeoff in a Schumpeterian economy
نویسندگان
چکیده
This study explores how the rent-seeking behavior of government may impede economic development and delay industrialization. Introducing a to Schumpeterian growth model that features endogenous takeoff, we find more self-interested engages in taxation, which delays economy’s transition from pre-industrial stagnation modern growth. Quantitatively, completely could have delayed industrialization, relative benevolent government, by about two centuries UK.
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ژورنال
عنوان ژورنال: Journal of Macroeconomics
سال: 2022
ISSN: ['1873-152X', '0164-0704']
DOI: https://doi.org/10.1016/j.jmacro.2022.103399