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democracy. I use a unique dataset from the Association for the Study of Peak Oil and Gas and other sources describing worldwide … discovering oil decreases a country's 30-year change in democracy, as measured by the Polity Index. On average, discovering 100 … billion barrels pushes a country's democracy level almost 20 percentage points below trend. The estimated effect per barrel is …
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According to a wide literature, oil has a negative effect on the level of democracy because of induced economic and … an estimate of the oil-democracy demultiplier. Moreover, we obtain an indicator of the surplus/deficit of democracy …
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Frontmatter -- Contents -- Preface and Acknowledgments -- Abbreviations -- Part One: Introduction -- 1. Accounting for Growth and Decline in Venezuela -- 2. Trends and Cycles in the Venezuelan Economy -- Part 2. A Critical Survey Of The “Resource Curse” Literature -- 3. Economic Explanations...
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Intro -- Title Page -- Copyright -- Contents -- Preface and Acknowledgments -- List of Abbreviations -- Part One: Introduction -- 1. Accounting for Growth and Decline in Venezuela -- 2. Trends and Cycles in the Venezuelan Economy -- Part Two: A Critical Survey of the "Resource Curse" Literature...
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