Rent-seeking Literature Review-rent-seeking And Economic Growth

The rent-seeking theory was born in the sixties of the last century of the Westernworld. Economic Analysis in the traditional sense, the birth of the theory of rent-seeking,breaking some theoretical support, and followed the general rule of economics.Rent-seeking theory in accordance with the methods of the public choice school,focusing on public policy decision-making, more importantly, unproductive rent-seekingactivities is a waste, how institutional arrangements can be used to save waste, thesedeveloping countries, and even system The arrangement is already quite mature Westerncountries is an important topic. A large number of important research has somelimitations: for rent-seeking interpretation of the theory prevalent in contemporary NewInstitutional Economics, a large number of rent-seeking literature is not the institutionalfactors applied to the study. The current system of Western countries is not possible toobserve the phenomenon of institutional change in the rent-seeking, so some of theirtheory is still incomplete. Second, because of a congenital defect, then most of theeconomists are rent-seeking as is the power to hinder economic growth. Reform in Chinaprovides us with a lot of system changes observed, especially accompanied byinstitutional change in rent-seeking behavior, violation station rent-seeking theoryprovide a turning point. Historical clues to study the origin and development of thetheory of rent-seeking, by comparing past and present, to re-rent-seeking conceptremodeling, from the source of rent-seeking rent, comprehensive survey of rent-seekingbehavior and its impact. Rent-seeking theory analysis in a variety of genres, draw somerent-seeking behavior for the positive and negative effects of the economic growth, andthe inhibition of rent-seeking negative effects of the pursuit of the positive effects ofinstitutional arrangements to the final phase with China’s reform and opening upcombined with discussion of treatment of rent-seeking.This article is divided into six parts.The first part of the Introduction. The topics of the background and purpose andsignificance of the research ideas and methods as well as the papers of innovation.The second part of the literature of the rent. Introduce the evolution of rent-seeking theoretical background and rental history.The third part is the rise of the theory of rent-seeking. To introduce the theory of theorigin of rent-seeking as a basis to discuss the difference between rent-seeking andprofit-seeking activities.The fourth section describes the various schools of rent-seeking theory. Introducesfive main schools of rent-seeking theory and development in their respective fields.The fifth part of the rent-seeking and economic growth. This chapter focuses onrent-seeking activities, both positive and negative aspects of how it affects economicgrowth.The sixth part of the rent-seeking theory application in China’s reform. Asexemplified by China’s reform and explore the interaction of China’s reform andrent-seeking activities, as well as prospects for the future.