Evaluation of Trade Rent-Seeking Effects on the Iran’s Economy through Dynamic Stochastic General Equilibrium Model
Subject Areas : Labor and Demographic Economicssamaneh moghaddasfar 1 , seyed komail tayebi 2 , alimorad sharifi 3
1 - Isfahan University
2 - Isfahan university
3 - Isfahan university
Keywords: Foreign Trade, Dynamic Stochastic General Equilibrium, Rent-Seeking, Productive Labor,
Abstract :
The purpose of this paper is to design a Dynamic Stochastic General Equilibriummodel to examine the effect of trade rent-seeking on labor behavior in Iran's economy. The empirical results of the analysis of Impulse Response Functions indicate that, with the positive shock of the trade revenue, the trade rent-seeking rate has increased, and the labors has reduced its productive activity. In order to examine more precisely the welfare cost of rent-seeking, by Lucas's compensated variation pattern has been shown to decrease a 10% in rent-seeking rate it is increased households welfare benefit by 6%. Therefore, it is suggested that the economic policymaker with the import tariff setting based on the economic and society’s livelihood needs restricts the bargaining by the owners of the profit.
منابع
- ابریشمی، حمید، هادیان، محمد (1383). رانتجویی و رشد اقتصادی (شواهد تجربی از ایران).مجله تحقیقات اقتصادی، 67: 28-1.
- خضری، محمد، رنانی، محسن (1383). رانتجویی و هزینههای اجتماعی آن. فصلنامه مفید، (35): 45-80.
- خندان، عباس (1395). تحلیل اقتصاد سیاسی رانتجویی بنگاهها: مطالعه تجربی رشوه و لابی در کشورهای مختلف. فصلنامه مدلسازی اقتصادی، 33: 22- 1.
- شاهمرادی، اصغر، ابراهیمی، ایلناز (1389). ارزیابی اثرات سیاستهای پولی در اقتصاد ایران در قالب مدل تعادل عمومی پویای تصادفی. فصلنامه پول و اقتصاد، (3):31-56.
- کاویانی، زهرا (1389). برآوردی از از اندازه رانت در اقتصاد ایران (به عنوان کشور نفتی). پایاننامه کارشناسی ارشد اقتصاد، دانشگاه صنعتی شریف.
- کمیجانی، اکبر، توکلیان، حسین (1391).سیاستگذاری پولی تحت سلطه مالی و تورم هدف ضمنی در قالب یک مدل تعادل عمومی پویای تصادفی برای اقتصاد ایران. فصلنامه تحقیقات مدلسازی اقتصادی، (8): 87-113.
- عسگری، منصور (1393). چرخههای تجاری و سیاستهای کلان در اقتصاد ایران: رهیافت تعادل عمومی پویای تصادفی. پایاننامه دکتری اقتصاد، دانشگاه اصفهان.
- Acemoglu, D. (1995).Reward Structure and the allocation of talent. European Economic Review, 39: 17-33.
- Acemoglu. D. and Verdier, T. (2000). The choice between market failures and corruption. The American Economic Review, 90: 194-211.
- Angelopoulos, K, Dimeli, S, Philippopoulos, A, and Vassilatos, V. (2010). Rent-seeking competition from State Coffers Greece: A calibrated DSGE model.working paper, Bank of Greece.
- Baland, J.-M., and Francois, P. (2000). Rent-seeking and resource booms. Journalof Development Economics, 61(2): 527–542.
- Beck, R, L, and Connolly. T. M. (1996). Some empirical evidence on rent seeking. public choice, 87: 19-33.
- Becker G. (1983). A theory of competition among pressure groups for political influence.Quarterly Journal of Economics, 98: 371-400.
- Bjorvatn. K, Farzanegan. M. R and Schneider. F. (2012). Resource curse and power balance: evidence from oil-rich countries, World Development, 40(7): 1308-1316.
- Calvo, G. A., (1983). Staggered Prices in a Utility-MaximizingFramework. Journal of Monetary Economics, Sept 12(3): 983–998.
- Dixit, A. K., & Stiglitz, J. E. (1977). Monopolistic competition and optimumproduct diversity .American Economic Review. (67(3): 297–308.
- Grossman, G, and Helpman, E, (1994). Protection for Sale.American Economic Review 84(4):833–50.
- Hamilton, J.(1994). Time series analysis. princeton: Princeton University Press.
- Iqbal. N. and Daly. V. (2014), rent seeking opportunities and economic growth in transitional economies, Economic Modeling, 37: 16-22.
- Ketz, E, and Rosenberg, J. (1989). Rent seeking for budgetary allocation: preliminary results for 20 countries.Public Choice. 60: 133-44.
- Krueger, A. O. (1974). The political economy of the rent-seeking society. American Economic Review: 291-303.
- Lafont, J. J. and Tirole, J. (1991). The politics of government decision-making: a theory of regulatory capture. The Quarterly Journal of Economics. 106(4):1089-1127.
- Lopez and pagulataz. (1994). Rent seeking and the welfare cost of trade barriers.Public Choice. 79: 149-160.
- Mueller. D. (2003). Public ChoiceIII, Cambridge University Press.
- Pearce, D.(1989). The MIT Dictionary of Modern Economics. MIT Press. 3rd Edition.
- Ricardo, D. (1817). On the principles of political economy and taxation. London: John Murray.
- Rodriguez, F, (2004). Inequality, redistribution and rent-seeking.Economics and Politics. 16: 287-320.
- Romer, D, (2006). Advanced Macroeconomics 3th ed.McGraw-Hill.
- Soares. F. A. R and Moreira. T. B. S (2011). Rent-seeking, trade policy and economic welfare, Modern economy, 2: 31-38.
_||_