Oil discoveries and democracy

Tania Masi and Roberto Ricciuti

No wp-2016-57, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: We evaluate the effect of natural resources on political regimes. We use the synthetic control method to compare evolution of the democracy level of countries affected by giant oil discoveries with the weighted democracy level of countries that do not incur the same event and have similar pre-event characteristics. Focusing on 12 countries affected by the peak of oil discovery from the 1970s, we find that the exogenous variation in oil endowment does not have the same effect on all countries.

Keywords: Democracy; Natural resources (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (3)

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