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Oil and Democracy

Author

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  • Anna Cesari

    (Department of Political Science, University of Bologna)

Abstract

According to a wide literature, oil has a negative effect on the level of democracy because of induced economic and political distortions. At the same time, however, oil fosters economic development and people’s general life conditions. Using 30 years of international data on 34 oil countries, we show that the total effect is negative and significant and provide an estimate of the oil-democracy demultiplier. Moreover, we obtain an indicator of the surplus/deficit of democracy, highly correlated with the revolutions currently unfolding in the Mediterranean.

Suggested Citation

  • Anna Cesari, 2014. "Oil and Democracy," Rivista Internazionale di Scienze Sociali, Vita e Pensiero, Pubblicazioni dell'Universita' Cattolica del Sacro Cuore, vol. 122(3), pages 265-274.
    • Handle: RePEc:vep:journl:y:2014:v:122:i:3:p:265-274
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    More about this item

    Keywords

    Democracy; Natural resources; Oil; Rentier state; Economic development;
    All these keywords.

    JEL classification:

    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products
    • Q34 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Natural Resources and Domestic and International Conflicts
    • P48 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies

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