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Elusive Effects of Oil and Gas Export Embargoes

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  • Kai A. Konrad
  • Marcel Thum

Abstract

Despite the likelihood of an individual vote changing the final outcome is close to zero and voting is not costless, we see significant voter turnout in elections. Voters are often guided by reasons other than changing the outcome, collectively called the ‘expressive motives’. This paper uses an online survey conducted in the United States to identify several expressive voting motives and quantify the relative importance of each of them. One of the main reasons for respondents go to polls is the desire to be part of the democratic process irrespective of whether they can change the outcome. Many of the respondents also believe that if they do not vote, they cannot complain about the government or the state of the democracy at a later stage. Individuals who belong to minority groups are likely to state that they turn out to vote because voting is a privilege not extended to past generations. The likelihood that an individual votes expressively is positively correlated with other expressive political behaviours like donations to political parties, participating in a demonstration, and posting political opinions online. Older individuals and those with higher income and education levels are also more likely to state that they engage in expressive voting.

Suggested Citation

  • Kai A. Konrad & Marcel Thum, 2022. "Elusive Effects of Oil and Gas Export Embargoes," Working Papers tax-mpg-rps-2022-05, Max Planck Institute for Tax Law and Public Finance.
  • Handle: RePEc:mpi:wpaper:tax-mpg-rps-2022-05
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    File URL: https://www.tax.mpg.de/RePEc/mpi/wpaper/TAX-MPG-RPS-2022-05.pdf
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    More about this item

    Keywords

    war sanction export embargo; depletable natural resources; crude oil natural gas autocratic government; insecure property rights; safety of international financial safe-havens;
    All these keywords.

    JEL classification:

    • Q34 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Natural Resources and Domestic and International Conflicts
    • Q35 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Hydrocarbon Resources
    • D74 - Microeconomics - - Analysis of Collective Decision-Making - - - Conflict; Conflict Resolution; Alliances; Revolutions
    • H12 - Public Economics - - Structure and Scope of Government - - - Crisis Management
    • H56 - Public Economics - - National Government Expenditures and Related Policies - - - National Security and War
    • K33 - Law and Economics - - Other Substantive Areas of Law - - - International Law

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