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.
