Does Economic Sclerosis Set in with Age? An Empirical Study of the Olson Hypothesis
Mancur Olson has suggested that the rate of economic growth declines as stable politics grow older, a proposition he tested using data from the United States in the 1960s. The authors reexamine Olson's hypothesis, using a large panel data set covering the twentieth century in the United States. They fail to find convincing evidence to support Olson's claim. The only specification that supports the hypothesis is one in which population movements are attributed wholly to Olson forces. The obstacles to testing the hypothesis are formidable because of the difficulty of separating migration into Olson and non-Olson components. Copyright 1988 by WWZ and Helbing & Lichtenhahn Verlag AG
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Volume (Year): 41 (1988)
Issue (Month): 3 ()
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