de Soysa, Indra; Krieger, Tim; Meierrieks, Daniel - In: Resources Policy 79 (2022), pp. 1-13
We investigate the role of oil in economic institutions for a sample of 150 countries between 1960 and 2014. We find that higher per capita values of oil production result in weaker economic institutions in the form of lower levels of private property rights protection. This result is robust to...