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Using panel data and GMM estimators we find that conflict and less developed countries (LDCs) natural resources have a positive and significant impact on GDP in the developed countries (DCs), while the lagged value of the conflict coefficient has a negative and significant impact on GDP in the...
Persistent link: https://www.econbiz.de/10009761095
In this paper we examine the claim that natural resources invite civil conflict, and challenge the main stylized facts in this literature. We find that the nature of causation between resource dependence and civil war is opposite to conventional wisdom. In particular, (i) civil war creates...
Persistent link: https://www.econbiz.de/10011753142
In this paper we examine the claim that natural resources invite civil conflict, and challenge the main stylized facts in this literature. We find that the nature of causation between resource dependence and civil war is opposite to conventional wisdom. In particular, (i) civil war creates...
Persistent link: https://www.econbiz.de/10003761376
Despite repeated attempts to model conflict as contests over rent, few researchers have found a persuasive identification strategy to test these models. However, Lei and Michaels (2014) find that exogenous discoveries of “giant” oil fields are in fact associated with increased likelihood of...
Persistent link: https://www.econbiz.de/10013027193
Despite a growing literature on the natural resource curse, existing studies are sparse on how real effective exchange rate, political stability and corruption shape the relationship between natural resources and tourism revenues. This study analyses both the direct and indirect effects of...
Persistent link: https://www.econbiz.de/10014427379
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 …
Persistent link: https://www.econbiz.de/10012715439
Persistent link: https://www.econbiz.de/10010487173
Persistent link: https://www.econbiz.de/10014504858
This paper develops a simple model that analyses the relationship between a country's oil endowment and the duration of its autocratic leader. The dictator uses the rents from oil extraction for both personal gain and to pay-off potential opposition and chooses an optimal level of oil...
Persistent link: https://www.econbiz.de/10010293400
There is an increasing tension between the Iranian Government and the west on an increasingly likely European oil embargo and the Iranian threat to close the Strait of Hormuz. The main question is: What will happen to the international oil prices in the case of shocks in the flow of Iranian oil...
Persistent link: https://www.econbiz.de/10010294407