How lawyers increase government deficits, trade deficits and current account deficits: theory and cross-national evidence

We find that rent seeking as measured by lawyers significantly increases country trade deficits, country current account deficits and government budget deficits. Rent seeking thus increases the international borrowing of countries. A GDP identity linking government deficits with external current acc...

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Veröffentlicht in:	International journal of business & economic development 2018-04, Vol.6 (1)
Hauptverfasser:	Choi, Changkyu, Magee, Stephen P.
Format:	Artikel
Sprache:	eng
Schlagworte:	Attorneys Budget deficits Capital stock Economic models GDP Gross Domestic Product Trade deficit
Online-Zugang:	Volltext
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