IDEAS home Printed from https://ideas.repec.org/a/taf/rseexx/v30y2006i1p41-58.html
   My bibliography  Save this article

The Economics of Democracy in Resource-Producing Countries

Author

Listed:
  • G D I Barr
  • L J Sharp

Abstract

It is common to treat the political system (including ownership and expropriation risks, and civil and electoral freedoms) as an exogenous influence over economic conditions. Nonetheless, there is an increasing tendency in economics and political science to view the political system as both a consequence and a determinant of economic conditions. However, the specific nature of these interrelationships is not well understood. For instance, it is common to use Africa and/or oil country ‘dummies’ when explaining international patterns of democratic freedom. This study uses a cross-sectional regression approach for 182 resource-producing countries and concludes that resource endowments affect political conditions through the factor markets. In particular, it demonstrates that the elasticity of factor substitution has a close and consistent empirical relationship with both democracy and resource intensity, and that the statistical significance of the Africa and oil-country dummies falls away when the econometric specification incorporates the elasticity of factor substitution.

Suggested Citation

  • G D I Barr & L J Sharp, 2006. "The Economics of Democracy in Resource-Producing Countries," Studies in Economics and Econometrics, Taylor & Francis Journals, vol. 30(1), pages 41-58, April.
    • Handle: RePEc:taf:rseexx:v:30:y:2006:i:1:p:41-58
    DOI: 10.1080/10800379.2006.12106399
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/10800379.2006.12106399
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/10800379.2006.12106399?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:taf:rseexx:v:30:y:2006:i:1:p:41-58. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/rsee .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.