Does Economic Sclerosis Set in With Age? An Empirical Study of the Olson Hypothesis
Wallace E. Oates and John Joseph Wallis ,
3
( 41 )
Kyklos
397-417
August
1988
Abstract

Mancur Olson has suggested that the rate of economic growth declines as stable polities grow older, a proposition he tested using data from the United States in the 1960s. We reexamine Olson's hypothesis, using a large panel data set covering the twentieth century in the U.S.

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