A large body of scholarship finds that there is a relationship between reliance on natural resources and authoritarianism. Extant cross-country findings are derived, however, from panel regressions that assume random effects, where the dataset’s time dimension is relatively short. Because...

The recent plunge in oil prices has brought into question the generally accepted view that lower oil prices are good for the United States and the global economy. In this paper, using a quarterly multi-country econometric model, we first show that a fall in oil prices tends relatively quickly to...