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Special-Interest Groups and Growth

  • 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)

This paper explores the relationship between special-interest groups and economic growth, using newly assembled data on the number of groups observed across countries. In a sample of 86 countries at two points in time (for a total of 169 observations), we ¯nd support for Mancur Olson's theory that interest group activity reduces economic growth. We also ¯nd evidence that interest groups are negatively associated with both channels to growth - capital stock growth and productivity growth.

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File URL: http://www.slu-econ-wp.com/RePEc/slu/bonnie_wilson/growth.pdf
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File Function: Revised version, 2010
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Paper provided by Saint Louis University, Department of Economics in its series Working Papers with number 2007-01.

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Length: 34 pages
Date of creation:
Date of revision:
Publication status: Published in Public Choice, 2011, pages 439-457
Handle: RePEc:slu:wpaper:2007-01
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Web page: http://www.slu.edu/x14335.xml

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  1. Pinelopi Koujianou Goldbe & Giovanni Maggi, 1997. "Protection for Sale: An Empirical Investigation," NBER Working Papers 5942, National Bureau of Economic Research, Inc.
  2. La Porta, Rafael & Florencio Lopez-de-Silanes & Andrei Shleifer & Robert W. Vishny, 1997. " Legal Determinants of External Finance," Journal of Finance, American Finance Association, vol. 52(3), pages 1131-50, July.
  3. Knack, Stephen, 2003. " Groups, Growth and Trust: Cross-Country Evidence on the Olson and Putnam Hypotheses," Public Choice, Springer, vol. 117(3-4), pages 341-55, December.
  4. Coates, Dennis & Heckelman, Jac C. & Wilson, Bonnie, 2010. "The political economy of investment: Sclerotic effects from interest groups," European Journal of Political Economy, Elsevier, vol. 26(2), pages 208-221, June.
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  8. Rafael LaPorta & Florencio Lopez de-Silanes & Andrei Shleifer & Robert W. Vishny, 1996. "Law and Finance," Harvard Institute of Economic Research Working Papers 1768, Harvard - Institute of Economic Research.
    • Rafael LaPorta & Florencio Lopez-de-Silanes & Andrei Shleifer & Robert W. Vishny, . "Law and Finance," Working Paper 19451, Harvard University OpenScholar.
    • Rafael La Porta & Florencio Lopez-de-Silane & Andrei Shleifer & Robert W. Vishny, 1996. "Law and Finance," NBER Working Papers 5661, National Bureau of Economic Research, Inc.
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  18. Bonnie Wilson & Dennis Coates, 2007. "Interest Group Activity and Long-Run Stock Market Performance," Working Papers 2007-02, Saint Louis University, Department of Economics.
  19. Crain, W Mark & Lee, Katherine J, 1999. "Economic Growth Regressions for the American States: A Sensitivity Analysis," Economic Inquiry, Western Economic Association International, vol. 37(2), pages 242-57, April.
  20. Bonnie Wilson & Dennis Coates & Jac Heckelman, 2007. "Determinants of Interest Group Formation," Working Papers 2007-03, Saint Louis University, Department of Economics.
  21. 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.
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