Rent Seeking and Economic Growth: Evidence from the States
Author | : |
Publisher | : |
Total Pages | : |
Release | : |
Genre | : |
ISBN | : |
Download Rent Seeking and Economic Growth: Evidence from the States Book in PDF, Epub and Kindle
The Cato Institute, a public policy research foundation in Washington, D.C., presents the full text of an article entitled "Rent Seeking and Economic Growth: Evidence from the States," written by Harold J. Brumm. The article was published in the Spring/Summer 1999 issue of "The Cato Journal." The author discusses the extent to which economic growth is affected by rent seeking, particularly data related to the issue for the 48 contiguous states. The study finds the real gross state product (GSP) per capita to be negatively correlated with the initial level of real GSP per capita, the burden of state tax structure, and the level of rent-seeking activity in the state.