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Oil and the duration of dictatorships

  • Crespo Cuaresma, Jesus

    ()

    (Department of Economics, University of Innsbruck)

  • Oberhofer, Harald

    ()

    (University of Salzburg)

  • Raschky, Paul

    ()

    (Department of Economics, Monash University)

This 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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Paper provided by University of Salzburg in its series Working Papers in Economics and Finance with number 2010-3.

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Length: 28 pages
Date of creation: 14 Jan 2010
Date of revision:
Handle: RePEc:ris:sbgwpe:2010_003
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