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Examining the relationship between rent and political expenditure: Using rent information obtained from financial statements

Journal of Economics and Political Economy

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Title Examining the relationship between rent and political expenditure: Using rent information obtained from financial statements
 
Creator SHIMAMOTO, Mihoko;

Faculty of Social Sciences, Hosei University, Aihara-cho 4342, Machida-shi, Tokyo 194-0298, Japan. E-mail: mihokos@hosei.ac.jp.

Tel.: +81-42-783-2393. ORCID: 0000-0002-1268-0539
 
Subject Rent; Political expenditure; Financial statement; R&D expenditure; Japanese industries.
D72; P16; D22; C61; M41.
 
Description Abstract. This study aims to develop a standard method for measuring the rent of an individual enterprise from its financial statement data and to analyze the relationship between rents of companies and their political and R&D expenditures. This method will allow for the decomposition of various causes that yield rents by regression analyses. This study set the equation of the first-order condition of profit maximization as a function of the capital amount, satisfying both short-term and long-term optimal conditions, and obtained the mark-up rate that can realize the production level in monopolistic equilibrium as a competitive equilibrium. The average rents for 29 industries in Japan were calculated using a linear algebraic method from 30 years’ time-series financial statement data. Moreover, this study also managed to substitute production factors for pseudo-production factors applicable to global companies whose breakdown of manufacturing and sales costs are usually not disclosed. These rents are regressed by political and R&D expenditures of each industry. In several models, political expenditure has a significant relationship with rent, although R&D expenditure does not.Keywords. Rent, Political expenditure, Financial statement, R&D expenditure, Japanese industries.JEL. D72, P16, D22, C61, M41.
 
Publisher Journal of Economics and Political Economy
Journal of Economics and Political Economy
 
Contributor —
 
Date 2018-07-18
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
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Format application/pdf
 
Identifier http://www.kspjournals.org/index.php/JEPE/article/view/1689
10.1453/jepe.v5i2.1689
 
Source Journal of Economics and Political Economy; Vol 5, No 2 (2018): June; 194-208
Journal of Economics and Political Economy; Vol 5, No 2 (2018): June; 194-208
2148-8347
 
Language eng
 
Relation http://www.kspjournals.org/index.php/JEPE/article/view/1689/1636
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http://www.kspjournals.org/index.php/JEPE/article/downloadSuppFile/1689/869
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http://creativecommons.org/licenses/by-nc/4.0