regimes and increases the chances of return to authoritarianism. The instability of democracy also leads to the deterioration … theoretic model that demonstrates instability of democracy under poor institutions and high income inequality. …

explain why resource abundance may lead to instability of democracy in some countries, but does not create any difficulties … to corruption (a measure of the institutional quality). The probability of the democracy preservation is decreasing in …

We suggest a dynamic game theoretic model to explain why resource abundance may lead to instability of democracy … Autocrat down. It is shown that the probability of democracy preservation is decreasing in the amount of resources if the … low institutional quality, a paradoxical effect takes place: the probability of democracy preservation may decrease with …

explain why resource abundance may lead to instability of democracy in some countries, but does not create any difficulties … creates a prerequisite for resource owners to have dominant economic power. If institutions are weak under democracy, the … the model exploration are as follows. The probability of democracy preservation is decreasing in the amount of resources …

that democracy in resource abundant countries is inherently unstable and the empirical evidence on the stability of …

abilities. To calculate them, we develop an endogenous growth model and an estimation procedure that combines both calibration …