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Rent Seeking in Korean Government Budget Allocation

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  • Min Jeong Park

Abstract

In the process of budget allocation most political actors make an effort to recieve a larger budget or in lessening the amounts of cutbacks. This phenomenon is a kind of rent seeking which brings about social waste and social inefficiency. Most of the previous literatures on budget allocation considered it as just a transfer from government without considering the waste caused by the intentional transfer from government. This study researched the budget allocation causing social waste with a different viewpoint rent seeking theory. This study aims to find out how the social waste of rent seeking is spent when the government allots the budget and what factors explain the waste of rent seeking in Korea. In order to analyze this matter, this research approaches the subject with both quantitative and qualitative methods. Through these two approaches, the size of rent seeking, the factors to affect the size of rent seeking and the behavior of rent seeking are explained.

Suggested Citation

  • Min Jeong Park, 2007. "Rent Seeking in Korean Government Budget Allocation," International Review of Public Administration, Taylor & Francis Journals, vol. 12(2), pages 33-44, January.
    • Handle: RePEc:taf:rrpaxx:v:12:y:2007:i:2:p:33-44
    DOI: 10.1080/12294659.2008.10805103
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    References listed on IDEAS

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    1. Allard, Richard J, 1995. "The Measurability of Budget Related Rent-Seeking," Public Choice, Springer, vol. 85(3-4), pages 389-394, December.
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    Cited by:

    1. Sami Fethi & Hatice Imamoglu, 2021. "The impact of rent‐seeking on economic growth in the six geographic regions: Evidence from static and dynamic panel data analysis," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(4), pages 5349-5362, October.

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