Coates, Dennis; Heckelman, Jac C.; Wilson, Bonnie - In: European Journal of Political Economy 26 (2010) 2, pp. 208-221
We investigate the relationship between interest group activity and investment by analyzing an unbalanced panel of observations on 126 countries over three time periods. We find that the number of interest groups in a nation is negatively related to investment, consistent with a sclerotic effect...
