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Special-Interest Groups and Volatility

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Author Info

  • Bonnie Wilson

    ()
    (Department of Economics, Saint Louis University)

  • Dennis Coates

    ()
    (Department of Economics, University of Maryland Baltimore County)

  • Jac Heckelman

    ()
    (Department of Economics, Wake Forest University)

Abstract

This paper explores the relationship between special-interest groups and volatility of GDP growth. In an unbalanced panel of 108 countries, we find a significant negative relationship between the number of interest groups in a country and the volatility of GDP growth.

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Bibliographic Info

Paper provided by Saint Louis University, Department of Economics in its series Working Papers with number 2007-04.

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Length: 13 pages
Date of creation: Jul 2007
Date of revision:
Publication status: Published in Economics Bulletin, August 21, 2007, Vol. 15, No. 18
Handle: RePEc:slu:wpaper:2007-04

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Keywords: special interest groups; volatility;

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References

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  1. Herrendorf, Berthold & Teixeira, Arilton, 2003. "Monopoly Rights can Reduce Income Big Time," CEPR Discussion Papers 3854, C.E.P.R. Discussion Papers.
  2. Bischoff, Ivo, 2003. " Determinants of the Increase in the Number of Interest Groups in Western Democracies: Theoretical Considerations and Evidence from 21 OECD Countries," Public Choice, Springer, vol. 114(1-2), pages 197-218, January.
  3. Kennelly, Brendan & Murrell, Peter, 1991. " Industry Characteristics and Interest Group Formation: An Empirical Study," Public Choice, Springer, vol. 70(1), pages 21-40, April.
  4. Coates, Dennis & Heckelman, Jac C, 2003. " Interest Groups and Investment: A Further Test of the Olson Hypothesis," Public Choice, Springer, vol. 117(3-4), pages 333-40, December.
  5. Parente, Stephen L & Prescott, Edward C, 1994. "Barriers to Technology Adoption and Development," Journal of Political Economy, University of Chicago Press, vol. 102(2), pages 298-321, April.
  6. Heckelman, Jac C, 2000. " Consistent Estimates of the Impact of Special Interest Groups on Economic Growth," Public Choice, Springer, vol. 104(3-4), pages 319-27, September.
  7. Krusell, P. & Rios-Rull, J.V., 1993. "Vested Interests in a Positive Theory of Stagnation and Growth," Papers 547, Stockholm - International Economic Studies.
  8. Ahmed Mushfiq Mobarak, 2005. "Democracy, Volatility, and Economic Development," The Review of Economics and Statistics, MIT Press, vol. 87(2), pages 348-361, May.
  9. Stephen L. Parente & Edward C. Prescott, 1997. "Monopoly rights: a barrier to riches," Staff Report 236, Federal Reserve Bank of Minneapolis.
  10. Stratmann, Thomas, 1998. "The Market for Congressional Votes: Is Timing of Contributions Everything?," Journal of Law and Economics, University of Chicago Press, vol. 41(1), pages 85-113, April.
  11. Stratmann, Thomas, 2002. "Can Special Interests Buy Congressional Votes? Evidence from Financial Services Legislation," Journal of Law and Economics, University of Chicago Press, vol. 45(2), pages 345-73, October.
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Citations

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Cited by:
  1. Bonnie Wilson & Dennis Coates & Jac Heckelman, . "Special-Interest Groups and Growth," Working Papers 2007-01, Saint Louis University, Department of Economics.
  2. Mehmet, Babacan, 2009. "Lobbying and Growth: Explaining Differences among OECD Countries," MPRA Paper 29734, University Library of Munich, Germany, revised 30 Nov 2009.

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