Oil and the duration of dictatorships
AbstractThis paper studies empirically the relationship between oil endowment and the duration of autocratic leaders. A simple theoretical setting shows how the relationship between oil endowment and the duration of the dictatorial regime is mediated by the price of oil. Using a dataset on 106 dictators, our empirical analysis supports the predictions of the theoretical model and indicates that dictators in countries which are relatively better endowed in terms of oil stay longer in office. This result is robust to changes in the definition of dictatorial regimes, as well as to controlling for other economic and political variables.
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Bibliographic InfoPaper provided by University of Salzburg in its series Working Papers in Economics and Finance with number 2010-3.
Length: 28 pages
Date of creation: 14 Jan 2010
Date of revision:
Natural resources; dictatorship; political economy; duration;
Other versions of this item:
- Jesus Crespo Cuaresma & Harald Oberhofer & Paul Raschky, . "Oil and the duration of dictatorships," Working Papers 2008-24, Faculty of Economics and Statistics, University of Innsbruck.
- Jesus Crespo Cuaresma & Harald Oberhofer & Paul Raschky, 2010. "Oil and the Duration of Dictatorships," Monash Economics Working Papers 10-10, Monash University, Department of Economics.
- D72 - Microeconomics - - Analysis of Collective Decision-Making - - - Political Processes: Rent-seeking, Lobbying, Elections, Legislatures, and Voting Behavior
- H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
- Q34 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Natural Resources and Domestic and International Conflicts
This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-01-23 (All new papers)
- NEP-CDM-2010-01-23 (Collective Decision-Making)
- NEP-ENE-2010-01-23 (Energy Economics)
- NEP-POL-2010-01-23 (Positive Political Economics)
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