Oil and the Duration of Dictatorships

Jesus Crespo Cuaresma, Harald Oberhofer and Paul Raschky

No 10-10, Monash Economics Working Papers from Monash University, Department of Economics

Abstract: This paper studies empirically the relationship between oil endowment and the duration of autocratic leaders. A simple theoretical setting shows how the relationship between oil endowment and the duration of the dictatorial regime is mediated by the price of oil. Using a dataset on 106 dictators, our empirical analysis supports the predictions of the theoretical model and indicates that dictators in countries which are relatively better endowed in terms of oil stay longer in office. This result is robust to changes in the definition of dictatorial regimes, as well as to controlling for other economic and political variables.

Keywords: Natural resources; dictatorship; political economy; duration (search for similar items in EconPapers)
JEL-codes: D72 H11 Q34 (search for similar items in EconPapers)
Pages: 26 pages
Date: 2010-05
New Economics Papers: this item is included in nep-cdm, nep-ene, nep-his and nep-pol
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Related works:
Journal Article: Oil and the duration of dictatorships (2011)
Working Paper: Oil and the duration of dictatorships (2010)
Working Paper: Oil and the duration of dictatorships
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