Oil and Democracy

Anna Cesari ()
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Anna Cesari: Department of Political Science, University of Bologna

Rivista Internazionale di Scienze Sociali, 2014, vol. 122, issue 3, 265-274

Abstract: According to a wide literature, oil has a negative effect on the level of democracy because of induced economic and political distortions. At the same time, however, oil fosters economic development and people’s general life conditions. Using 30 years of international data on 34 oil countries, we show that the total effect is negative and significant and provide an estimate of the oil-democracy demultiplier. Moreover, we obtain an indicator of the surplus/deficit of democracy, highly correlated with the revolutions currently unfolding in the Mediterranean.

Keywords: Democracy; Natural resources; Oil; Rentier state; Economic development (search for similar items in EconPapers)
JEL-codes: O13 P48 Q34 (search for similar items in EconPapers)
Date: 2014
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