The Oil Curse Validated: Evidence from Eurasia and Latin America

Barrak Algharabali, J. S. Butler and Stacy Closson
Additional contact information
Barrak Algharabali: Department of Public Administration, Kuwait University, Kuwait,
J. S. Butler: Martin School of Public Policy and Administration, University of Kentucky, United States,
Stacy Closson: Global Fellow with the Wilson Center s Kennan Institute in Washington, DC., United States.

International Journal of Energy Economics and Policy, 2021, vol. 11, issue 3, 494-501

Abstract: Many studies have found a negative relationship between oil abundance and democracy. However, recent studies have tried to upend this correlation by employing time-series techniques or finding a conditionality on other factors. This study contributes to the literature by employing an Arellano Bond model that corrects for fixed effects and adopts new variables from recent empirical studies. Comparing Eurasia and Latin America from the 1960s to 2010, we find that the theory of a negative relationship between an abundance of natural resources and democracy remains valid.

Keywords: natural resource curse; natural resource dependence; democracy; natural resource abundance (search for similar items in EconPapers)
JEL-codes: H6 N50 P28 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://www.econjournals.com/index.php/ijeep/article/download/10772/5845 (application/pdf)
https://www.econjournals.com/index.php/ijeep/article/view/10772/5845 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eco:journ2:2021-03-60

Access Statistics for this article

International Journal of Energy Economics and Policy is currently edited by Ilhan Ozturk

More articles in International Journal of Energy Economics and Policy from Econjournals
Bibliographic data for series maintained by Ilhan Ozturk ().