Arezki, Rabah; Brückner, Markus - In: European Economic Review 55 (2011) 7, pp. 955-963
We examine the effects of oil rents on corruption and state stability exploiting the exogenous within-country variation of a new measure of oil rents for a panel of 30 oil-exporting countries during the period 1992–2005. We find that an increase in oil rents significantly increases corruption,...