 The economics of petro-authoritarianism: Post-soviet transitions and democratizationGubad Ibadoghlu and Rashad Sadigov Resources Policy, 2023, vol. 85, issue PB Abstract: The sharp decline in oil prices in the second half of 2014 drew attention to petro-authoritarian regimes. Crackdowns on civil societies across oil-rich nations of the post-Soviet space, and especially the aggressive behavior of the Russian government, restored academic interest in the oil-hinders-democracy hypothesis of Ross (2001). However, some recent studies challenge the hypothesis and suggest that previous articles might need to be revised to avoid endogeneity and not control the heterogeneous initial institutional quality. To address these issues, we use an instrumental variable approach and employ the Synthetic Control Method (SCM) to test the impact of oil income on democracy in post-Soviet countries. The analyzed sample enables us to control the initial institutional quality and treat oil resources as a quasi-random assignment. Our empirical findings suggest that oil still impedes democracy. Keywords: Azerbaijan; Kazakhstan; Oil price; Oil revenues; Petro-authoritarianism; Russia; Transition democracy (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:eee:jrpoli:v:85:y:2023:i:pb:s0301420723004634 DOI: 10.1016/j.resourpol.2023.103752 Access Statistics for this article Resources Policy is currently edited by R. G. Eggert More articles in Resources Policy from Elsevier |
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