Explaining the Rain:The Rise and Decline of Nationsafter 25 Years

Jac C. Heckelman

44 citations0/0 files storedSouthern Economic Journal

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Culture, Economy, and Development Studies Economic Theory and Institutions Corruption and Economic Development

Abstract

In the quarter century since the publication of Mancur Olson'sRise and Decline of Nations, a large literature has evolved testing the central hypothesis regarding Olson's thesis on institutional sclerosis. These tests have taken the form of both econometric regression analysis involving a sample of various nations and detailed narrative case studies of specific nations. Tests have appeared in both economics and political science journals as well as in collected volumes and independent books, performed primarily by authors from America and Europe. A review of over 50 separate works reveals that, on the whole, the theory of institutional sclerosis is generally but certainly not universally supported. No systematic bias in favor of or opposition to Olson is found to have arisen on the basis of methodology, publication outlet, or authorship location.

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References

1965The Logic of Collective Action 1966The Logic of Collective Action.1997Does Social Capital Have an Economic Payoff? A Cross-Country Investigation 2003The great reversals: the politics of financial development in the twentieth century 1983The Rise and Decline of Nations.2003Public Choice III 1983The Rise and Decline of Nations 2003Public Choice III

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