Industrial policies, such as infrastructure investments and export tariffs, affect the allocation of labor and incomes … across sectors, attracting substantial lobbying efforts by special interest groups. Yet, the link between structural change … and lobbying remains underexplored. Using more than 150 years of data on parliamentary petitions in USA and Britain, we …

Industrial policies, such as infrastructure investments and export tariffs, affect the allocation of labor and incomes … across sectors, attracting substantial lobbying efforts by special interest groups. Yet, the link between structural change … and lobbying remains underexplored. Using more than 150 years of data on parliamentary petitions in USA and Britain, we …

Industrial policies, such as infrastructure investments and export tariffs, affect the allocation of labor and incomes … across sectors, attracting substantial lobbying efforts by special interest groups. Yet, the link between structural change … and lobbying remains underexplored. Using more than 150 years of data on parliamentary petitions in USA and Britain, we …

This paper aims at analyzing the e ects of lobbying over economic growth and primarily welfare. We model explicitly the … equilibrium, despite stimulating growth, lobbying restricts the market structure and reduces welfare when compared to the free …-entry outcome. However, once general equilibrium considerations are taken into account, we find that lobbying may improve welfare …

, economic freedom that emerges as a result of costly lobbying efforts may be less fruitful. In an extreme case, costly lobbying … efforts may even negate the growth-enhancing effect of economic freedom. To the extent that lobbying efforts constitute an … of lobbying is greater the more efficient is the institutional environment. Panel data analysis reveals the expected …