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The heterogeneous effect of oil discoveries on democracy

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  • Tania Masi
  • Roberto Ricciuti

Abstract

This paper evaluates the existence of a resource curse on political regimes using the Synthetic Control Method. Focusing on 12 countries, we compare their democracy level with the weighted democracy level of countries that have not experienced oil shocks and have similar pre‐event characteristics. We find that the exogenous variation in oil endowment does not have the same effect on all countries. In most cases, the event has a negative effect in the long run, but countries with a pre‐existing high level of democracy are not negatively affected.

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  • Tania Masi & Roberto Ricciuti, 2019. "The heterogeneous effect of oil discoveries on democracy," Economics and Politics, Wiley Blackwell, vol. 31(3), pages 374-402, November.
    • Handle: RePEc:bla:ecopol:v:31:y:2019:i:3:p:374-402
    DOI: 10.1111/ecpo.12131
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    Cited by:

    1. Bergougui, B. & Murshed, S.M., 2020. "Revisiting the oil and democracy nexus : New evidence utilizing V-DEM democracy data in a GMM PVAR ‎framework ‎," ISS Working Papers - General Series 125992, International Institute of Social Studies of Erasmus University Rotterdam (ISS), The Hague.
    2. Tania Masi & Antonio Savoia & Kunal Sen, 2020. "Is there a fiscal resource curse? Resource rents, fiscal capacity, and political institutions in developing economies," WIDER Working Paper Series wp2020-10, World Institute for Development Economic Research (UNU-WIDER).
    3. Bergougui, Brahim & Murshed, Syed Mansoob, 2020. "New evidence on the oil-democracy nexus utilising the Varieties of Democracy data," Resources Policy, Elsevier, vol. 69(C).
    4. repec:aly:journl:202192 is not listed on IDEAS
    5. Marchesi, Silvia & Masi, Tania, 2021. "Life after default. Private and official deals," Journal of International Money and Finance, Elsevier, vol. 113(C).
    6. Masi, Tania & Savoia, Antonio & Sen, Kunal, 2024. "Is there a fiscal resource curse? Resource rents, fiscal capacity and political institutions in developing economies," World Development, Elsevier, vol. 177(C).
    7. Sajad Rahimian, 2021. "The Determinants of Democracy Revisited: An Instrumental Variable Bayesian Model Averaging Approach," Papers 2103.04255, arXiv.org.
    8. Coelho dos Santos, Marcelo Bittencourt & Klotzle, Marcelo Cabus & Baptista Palazzi, Rafael, 2024. "The effect of oil discovery in Brazil: A synthetic control approach," Resources Policy, Elsevier, vol. 92(C).
    9. Boulanouar, Zakaria & Essid, Lobna, 2023. "Extending the resource curse hypothesis to sustainability: Unveiling the environmental impacts of Natural resources rents and subsidies in Fossil Fuel-rich MENA Countries," Resources Policy, Elsevier, vol. 87(PA).

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