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New Empirical Estimates of Rent Seeking: An Update of Sobel and Garrett (2002)Joshua C. HallBeloit College Justin M. RossIndiana University - School of Public & Environmental Affairs June 1, 2010 Journal of Public Finance and Public Choice, Forthcoming Indiana University-Bloomington: School of Public & Environmental Affairs Research Paper Series no. 2011-03-01 Abstract: The SIC sectors identified for direct, indirect, and in kind rent seeking activity have been identified and verified empirically in Sobel & Garrett (2002) by comparing capital counties to non-capital counties. We convert these industries from SIC to NAICS codes and provide measures of direct, indirect, and in-kind rent seeking for the year 2005. In addition, we extend their work by switching from counties to Metropolitan and Micropolitan Statistical Areas, which are defined as economically integrated counties. Our measures are consistent with theirs and provide a starting point for creating a time series of rent-seeking activity in the United States.
Number of Pages in PDF File: 16 Keywords: rent seeking, interest groups, astroturfing JEL Classification: D720 working papers seriesDate posted: March 5, 2011 ; Last revised: July 22, 2011Suggested CitationContact Information
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