Coates, Dennis; Heckelman, Jac C - In: Public Choice 117 (2003) 3-4, pp. 333-40
Mancur Olson's institutional sclerosis hypothesis may be evident in the effects of interest groups on investment in physical capital. To test this proposition, we use cross sectional data on 42 countries for which information on the number of interest groups is available to estimate the effect...