2007•Wuhan University JournalRequires access

Rent-Seeking & Corruption: Theoretical Analysis & Policy Implication

Wei Zou

Abstract

Rent-seeking and corruption activities are common in many fields in the process of economic development.What is the essence of rent-seeking and corruption,and its relation with economic development? These are hot topics in economics for decades.This paper constructs general equilibrium model with endogenous rent-seeking and corruption,specifies the institutional background of rent-seeking,and explores the policy implications.

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Key concepts: Rent-seeking, Language change, Economics, Public economics, Economic rent, Relation (database), Process (computing), Microeconomics