publication . Article . 1987

Political Investment in Economic Protection: A Note

Arsenio M. Balisacan;
Open Access
  • Published: 01 Jan 1987 Journal: Philippine Review of Economics, volume 24, issue 1&2 March & June, pages 149-157
This note presents some aspects of the neoclassical political economy of economic protection. It develops a conceptual framework which focuses on the costs and benefits of investment in political in?uence to certain conditions in the society and how the benefit-cost structure may affect the level of economic protection and the amount of what Bhagwati called "directly unproductive profit-seeking" activities.
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