RENT-SEEKING BEHAVIOR OF DOMESTIC ECONOMIC ENTITIES IN THE CONTEXT OF “RESOURCE CURSE”

Institutional Problems of the Economy

Authors

  • S.V. Burlutskyi Institute of Economic and Legal Researches of the NAS of Ukraine, Donetsk
  • S.V. Burlutska Donbass State Engineering Academy, Kramatorsk

DOI:

https://doi.org/10.15407/econlaw.2014.01.038

Keywords:

resource curse, economic rent, rent-seeking behavior, loss of the national product

Abstract

The article proves that the market transformation of the domestic economic system is accompanied by strengthened interregional and international disproportions. In the context of "resource curse" the determining factor of such differences is a rent-seeking behavior. Hypothesis supporting the existence of sources of the economic rent are formulated and proved empirically. The losses of the domestic economy from the rent-seeking behavior are estimated in qualitative values.

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Published

2024-09-30

How to Cite

Burlutskyi, S., & Burlutska, S. (2024). RENT-SEEKING BEHAVIOR OF DOMESTIC ECONOMIC ENTITIES IN THE CONTEXT OF “RESOURCE CURSE”: Institutional Problems of the Economy. Economics and Law, 38(1), 38–48. https://doi.org/10.15407/econlaw.2014.01.038