 POLITICAL ECONOMY OF DYNAMIC RESOURCE WARSFrederick (Rick) van der Ploeg No 97, OxCarre Working Papers from Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford Abstract: The political economy of natural resource extraction is analysed in three different contexts. First, if an incumbent faces a threat of being removed once and for all by a rival faction, extraction becomes more voracious, especially if the rebel faction shares rents much more than the incumbent. Second, perennial political conflict cycles are more inefficient if cohesiveness of the constitution or the partisan in-office bias is large and political instability is high. Third, resource wars are more intense if the political system is less cohesive, there is a partisan in-office bias of the incumbent, oil reserves are high, the wage is low, governments can be less frequently removed from office, and fighting technology has less decreasing returns to scale. Resource depletion in such wars is more rapacious if there is more government instability, the political system is less cohesive, and the partisan in-office bias is smaller. Keywords: political conflict; cohesiveness; partisan bias; dynamic resource wars; contests; rapacious depletion; exploitation investment; hold-up problem (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:oxf:oxcrwp:097 Access Statistics for this paper More papers in OxCarre Working Papers from Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford Contact information at EDIRC. |
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