The causes and consequences of Rent-seeking in Northern Ireland, 1945-72

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10 Citations (Scopus)

Abstract

Northern Ireland's economic performance during the 'golden age' was weak. Crafts suggested that rent-seeking was an important determinant of this poor record. This article offers support for such a conclusion. It is suggested that the growth record was shaped by British regulations preventing conflicts of ministerial interest not being made operational until 1963. This institutional divergence tended to promote rent-seeking behaviour, which impeded the pursuit of an industrial policy that could promote economic efficiency. In 1963 the institutional structure and the industrial policy framework changed. These changes stimulated the pursuit of efficiency and contributed to an improved regional economic performance.
Original languageEnglish
Pages (from-to)70-96
Number of pages27
JournalEconomic History Review
Volume60(1)
Issue number1
DOIs
Publication statusPublished - Feb 2007

ASJC Scopus subject areas

  • History
  • Economics and Econometrics

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