Effect of Ambiguity in Policy Goals on Rent-Seeking Behaviors of Implementing Agency

2018 ◽  
Vol 8 (2) ◽  
pp. 89-119
Author(s):  
Heejeong Hong ◽  
Sunghyun Hong
Keyword(s):  
Liquidity ◽  
2016 ◽  
Vol 5 (1) ◽  
pp. 1-9
Author(s):  
Andilo Tohom

Indonesia is one of many countries in the world so called resource-rich country. Natural resources abundance needs to be managed in the right way in order to avoid dutch diseases and resources curses. These two phenomena generally happened in the country, which has abundant natural resources. Learned from Norwegian experiences, Indonesian Government need to focus its policy to prevent rent seeking activities. The literature study presented in this paper is aimed to provide important insight for government entities in focusing their policies and programs to avoid resources curse. From the internal audit perspective, this study is expected to improve internal audit’s role in assurance and consulting.


2010 ◽  
pp. 4-20 ◽  
Author(s):  
A. Nekipelov ◽  
M. Golovnin

The paper analyzes the qualitative changes in monetary policy goals and instruments during the world economic crisis of 2007-2009 in industrial countries and Russia; it represents the authors view on Russian monetary policy goals and results on different stages of crisis development. On the basis of the analysis the authors conclude on the necessity of active exchange rate policy in Russia, while developing interest rate instruments, and implementation of some exchange restrictions to prevent crisis contagion in the future.


2005 ◽  
pp. 4-18 ◽  
Author(s):  
K. Sonin

In unequal societies, the rich may benefit from shaping economic institutions in their favor. This paper analyzes the dynamics of institutional subversion by focusing on public protection of property rights. If this institution functions imperfectly, agents have incentives to invest in private protection of property rights. The ability to maintain private protection systems makes the rich natural opponents of public protection of property rights and precludes grass-roots demand to drive the development of the market-friendly institution. The economy becomes stuck in a bad equilibrium with low growth rates, high inequality of income, and wide-spread rent-seeking. The Russian oligarchs of the 1990s, who controlled large stakes of newly privatized property, provide motivation for this paper.


2010 ◽  
pp. 58-80 ◽  
Author(s):  
A. Oleinik

In the article two types of rent are differentiated: resource rent and administrative rent. The latter is linked to restrictions on the access to the field of interactions. The contribution of the theory of public choice and the theory of rent-seeking and directly-unproductive activities is further developed by shifting the emphasis from individual decision-making to interactions between three actors: C, who controls access to the field, A, who gets a competitive edge as a result, and B, who assumes a subjacent position with regard to both A and C, yet still receives a positive gain from transacting. Domination by virtue of a constellation of As, Bs, and Cs interests is illustrated with the help of an in-depth case study of a Russian region. This study combines quantitative and qualitative methods, as well as their triangulation.


2020 ◽  
Vol 1 (2) ◽  
pp. 189-193
Author(s):  
Aisha Naiga ◽  
Loyola Rwabose Karobwa

Over 90% of Uganda's power is generated from renewable sources. Standardised Implementation Agreements and Power Purchase Agreements create a long-term relationship between Generating Companies and the state-owned off-taker guaranteed by Government. The COVID-19 pandemic and measures to curb the spread of the virus have triggered the scrutiny and application of force majeure (FM) clauses in these agreements. This article reviews the FM clauses and considers their relevance. The authors submit that FM clauses are a useful commercial tool for achieving energy justice by ensuring the continuity of the project, despite the dire effects of the pandemic. Proposals are made for practical considerations for a post-COVID-19 future which provides the continued pursuit of policy goals of promoting renewable energy sources and increasing access to clean energy, thus accelerating just energy transitions.


2017 ◽  
Vol 11 (2) ◽  
pp. 137-156 ◽  
Author(s):  
Jeanine Kraybill

The Catholic Church, constructed on an all-male clerical model, is a hierarchical and gendered institution, creating barriers to female leadership. In interviewing members of the clergy and women religious of the faith, this article examines how female non-ordained and male clerical religious leaders engage and influence social policy. It specifically addresses how women religious maneuver around the institutional constraints of the Church, in order to take action on social issues and effect change. In adding to the scholarship on this topic, I argue that part of the strategy of women religious in navigating barriers of the institutional Church is not only knowing when to act outside of the formal hierarchy, but realizing when it is in the benefit of their social policy objectives to collaborate with it. This maneuvering may not always safeguard women religious from institutional scrutiny, as seen by the 2012 Doctrinal Assessment of the Leadership Conference of Women Religious, but instead captures the tension between female religious and the clergy. It also highlights how situations of institutional scrutiny can have positive implications for female religious leaders, their policy goals and congregations. Finally, this examination shows how even when women are appointed to leadership posts within the institutional Church, they can face limitations of acceptance and other constraints that are different from their female religious counterparts working within their own respective religious congregations or outside organizations.


2000 ◽  
Vol 151 (12) ◽  
pp. 480-483 ◽  
Author(s):  
Pekka Patosaari

Mandated by the Swiss Forestry Agency, a group of internationally recognised experts drew up a sustainability assessment of Swiss forest policy. In this paper, the author, himself a member of the expert panel, presents the main results of this study. The strong protection regime of forests, for instance, is seen as one of the strengths of Swiss forest policy, whereas the lack of economic efficiency as well as the lack of clear policy goals with corresponding evaluation criteria have been identified as areas of concern.


2019 ◽  
pp. 4-15
Author(s):  
I. A. Korgun ◽  
G. D. Toloraya

The presented study analyzes the opportunities for North Korea to capitalize on its competitive advantages in foreign trade in the context of sanctions.Aim. The study aims to identify mechanisms that allow North Korea to engage in foreign trade in circumvention of UN sanctions and to analyze their impact on the national economy.Tasks. The authors analyze the structure of North Korea’s national economy, its initial competitive advantage, identify the specific features of North Korea’s foreign trade in the context of sanctions, and determine the consequences of illicit trade in circumvention of sanctions for the national economy.Methods. This study uses an interdisciplinary approach that combines the classical theory of competitive advantage with the concept of rent seeking, with the concept of rent seeking and analysis of trade flows.Results. The study shows that, despite the restrictions imposed by sanctions, North Korea strives to make the most of its advantages, such as resource availability and cheap labor, in global trade. The country builds its own export-import chains in circumvention of sanctions. These chains are rather mobile, flexible, and controlled by the elite. As a result, benefits from trade that could be evenly distributed among the population are concentrated in the hands of a narrow segment of society. ‘Rent seeking’ makes it possible to formulate the negative consequences of these processes for the North Korean economy and the international community.Conclusions. Solving the North Korean issue requires an economic transformation in the country through the replacement of restrictive sanctions with more constructive ones. The exclusion of North Korea from open global trade leads to the country’s marginalization and impairs the transparency of international commodity flows.


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