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Political Investment in Economic Protection: A Note

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  • Arsenio M. Balisacan

    (University of the Philippines at Los Banos)

Abstract

This note presents some aspects of the neoclassical political economy of economic protection. It develops a conceptual framework which focuses on the costs and benefits of investment in political in?uence to certain conditions in the society and how the benefit-cost structure may affect the level of economic protection and the amount of what Bhagwati called "directly unproductive profit-seeking" activities.

Suggested Citation

  • Arsenio M. Balisacan, 1987. "Political Investment in Economic Protection: A Note," Philippine Review of Economics, University of the Philippines School of Economics and Philippine Economic Society, vol. 24(1&2), pages 149-157, March & J.
  • Handle: RePEc:phs:prejrn:v:24:y:1987:i:1&2:p:149-157
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