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Oil and the duration of dictatorships

Author

Listed:
  • Jesus Crespo Cuaresma

    (Department of Economics, University of Innsbruck)

  • Harald Oberhofer

    (University of Salzburg)

  • Paul Raschky

    (Department of Economics, Monash University)

Abstract

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.

Suggested Citation

  • Jesus Crespo Cuaresma & Harald Oberhofer & Paul Raschky, 2010. "Oil and the duration of dictatorships," Working Papers in Economics 2010-3, University of Salzburg.
    • Handle: RePEc:ris:sbgwpe:2010_003
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    JEL classification:

    • 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

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