New Empirical Estimates of Rent Seeking: An Update of Sobel and Garrett (2002)
Journal of Public Finance and Public Choice, Forthcoming
16 Pages Posted: 5 Mar 2011 Last revised: 22 Jul 2011
Date Written: June 1, 2010
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.
Keywords: rent seeking, interest groups, astroturfing
JEL Classification: D720
Suggested Citation: Suggested Citation