Work

Directly Unproductive, Profit-Seeking (DUP) Activities

Year: 1982

Type: article

Abstract: This paper propses directly unproductive, profit-seeking (DUP) activities as a general concept that embraces a wide range of recently analyzed economic activities, including the subset of rent-seeking activities considered by Krueger. It then proceeds to provide a synthesis and generalization of the welfare-theoretic analysis of such activities by developing a fourfold categorization of cases depending on the levels of distortions before and after the DUP activity. Thus a unification and overview of the subject are achieved.

Source: Journal of Political Economy

DOI: 10.1086/261104

Author: Jagdish N. Bhagwati

Institution: Columbia University

Language: English

Topic: Corruption and Economic Development

Subfield: Sociology and Political Science

Field: Social Sciences

Domain: Social Sciences

SDG: Decent work and economic growth

Open Access status: green

Funders: National Science Foundation, Yale University, John Simon Guggenheim Memorial Foundation