Rent and Rent Seeking Behavior in the System of Integration Relations in the Agrarian Sector of Economy
The aim of the article is to improve the theoretical and methodological basis of rental relations and rent seeking behavior in the system of integration relations in the agricultural sector of economy. It is shown that the system of economic mechanisms of integration relations in the agrarian sector...
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2017-06-01
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Online Access: | http://www.problecon.com/export_pdf/problems-of-economy-2017-2_0-pages-235_244.pdf |
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doaj-e5d31606a6d7463b8b31e7fd1e3fcba42020-11-24T23:10:25ZengPH "INZHEK"Problemi Ekonomiki2222-07122311-11862017-06-012235244Rent and Rent Seeking Behavior in the System of Integration Relations in the Agrarian Sector of EconomyHutorov Andrii O. 0Candidate of Sciences (Economics), Senior Research Fellow, Candidate on Doctor Degree, National Science Centre «Institute of Agricultural Economy» The aim of the article is to improve the theoretical and methodological basis of rental relations and rent seeking behavior in the system of integration relations in the agricultural sector of economy. It is shown that the system of economic mechanisms of integration relations in the agrarian sector of economy includes one of the most important and at the same time the most controversial elements — rent seeking behavior. The dialectical unity of rental and integration relations in the agricultural sector of economy follows from the nature of rent itself, its interconnection with economic relations as well as the place in the system of agrarian relations as a whole. This interdependence is empirically confirmed based on the dynamics of frequency of using the terms “integration” and “rent”, as well as their derivatives in scientific works with the Latin and Cyrillic script. The taxonomic system of rent in the modern economic paradigm is developed, rental principles of development of integrated business entities in the agricultural sector of economy are generalized. It is confirmed that the strategy of rent seeking under conditions of imperfection of state and market institutions is unproductive at the micro-level and destructive at the macro-level. Its consequences are the Dutch disease, excessive misuse of funds, low rates of economic development, deindustrialization and disintegration. A productive rent seeking, on the contrary, stimulates innovations, promotes rational distribution of property and resources in economy, raising the level of people’s well-being.http://www.problecon.com/export_pdf/problems-of-economy-2017-2_0-pages-235_244.pdfrentrent seeking behaviorintegrationintegration relationsagrarian sector of economy |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
Hutorov Andrii O. |
spellingShingle |
Hutorov Andrii O. Rent and Rent Seeking Behavior in the System of Integration Relations in the Agrarian Sector of Economy Problemi Ekonomiki rent rent seeking behavior integration integration relations agrarian sector of economy |
author_facet |
Hutorov Andrii O. |
author_sort |
Hutorov Andrii O. |
title |
Rent and Rent Seeking Behavior in the System of Integration Relations in the Agrarian Sector of Economy |
title_short |
Rent and Rent Seeking Behavior in the System of Integration Relations in the Agrarian Sector of Economy |
title_full |
Rent and Rent Seeking Behavior in the System of Integration Relations in the Agrarian Sector of Economy |
title_fullStr |
Rent and Rent Seeking Behavior in the System of Integration Relations in the Agrarian Sector of Economy |
title_full_unstemmed |
Rent and Rent Seeking Behavior in the System of Integration Relations in the Agrarian Sector of Economy |
title_sort |
rent and rent seeking behavior in the system of integration relations in the agrarian sector of economy |
publisher |
PH "INZHEK" |
series |
Problemi Ekonomiki |
issn |
2222-0712 2311-1186 |
publishDate |
2017-06-01 |
description |
The aim of the article is to improve the theoretical and methodological basis of rental relations and rent seeking behavior in the system of integration relations in the agricultural sector of economy. It is shown that the system of economic mechanisms of integration relations in the agrarian sector of economy includes one of the most important and at the same time the most controversial elements — rent seeking behavior. The dialectical unity of rental and integration relations in the agricultural sector of economy follows from the nature of rent itself, its interconnection with economic relations as well as the place in the system of agrarian relations as a whole. This interdependence is empirically confirmed based on the dynamics of frequency of using the terms “integration” and “rent”, as well as their derivatives in scientific works with the Latin and Cyrillic script. The taxonomic system of rent in the modern economic paradigm is developed, rental principles of development of integrated business entities in the agricultural sector of economy are generalized. It is confirmed that the strategy of rent seeking under conditions of imperfection of state and market institutions is unproductive at the micro-level and destructive at the macro-level. Its consequences are the Dutch disease, excessive misuse of funds, low rates of economic development, deindustrialization and disintegration. A productive rent seeking, on the contrary, stimulates innovations, promotes rational distribution of property and resources in economy, raising the level of people’s well-being. |
topic |
rent rent seeking behavior integration integration relations agrarian sector of economy |
url |
http://www.problecon.com/export_pdf/problems-of-economy-2017-2_0-pages-235_244.pdf |
work_keys_str_mv |
AT hutorovandriio rentandrentseekingbehaviorinthesystemofintegrationrelationsintheagrariansectorofeconomy |
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1725607333484036096 |