Caselli, Francesco; Tesei, Andrea - C.E.P.R. Discussion Papers - 2011
We study theoretically and empirically whether natural resource windfalls affect political regimes. We document the … following regularities. Natural resource windfalls have no effect on the political system when they occur in democracies … or not to try to unseat the incumbent and replace him. The model uncovers a reason for the asymmetric impact of resource …