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“Oil above Waterâ€

Author

Listed:
  • Vincenzo Bove
  • Kristian Skrede Gleditsch
  • Petros G. Sekeris

Abstract

We explore economic incentives for third parties to intervene in ongoing internal wars. We develop a three-party model of the decision to intervene in conflict that highlights the role of the economic benefits accruing from the intervention and the potential costs. We present novel empirical results on the role of oil in motivating third-party military intervention. We find that the likelihood of a third-party intervention increases when (a) the country at war has large reserves of oil, (b) the relative competition in the sector is limited, and (c) the potential intervener has a higher demand for oil.

Suggested Citation

  • Vincenzo Bove & Kristian Skrede Gleditsch & Petros G. Sekeris, 2016. "“Oil above Waterâ€," Journal of Conflict Resolution, Peace Science Society (International), vol. 60(7), pages 1251-1277, October.
  • Handle: RePEc:sae:jocore:v:60:y:2016:i:7:p:1251-1277
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    Cited by:

    1. Silve, Arthur & Verdier, Thierry, 2018. "A theory of regional conflict complexes," Journal of Development Economics, Elsevier, vol. 133(C), pages 434-447.
    2. Dominic Rohner, 2018. "Success Factors for Peace Treaties: A Review of Theory and Evidence," Cahiers de Recherches Economiques du Département d'économie 18.08, Université de Lausanne, Faculté des HEC, Département d’économie.

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