Recent research treats foreign aid and oil revenue as similar non-tax resources that hurt the prospects of democratization. Building on theories of state finance and democratization, this paper examines one avenue through which these resources affect democratization: government spending during...

This paper develops a long run growth model for a major oil exporting economy and derives conditions under which oil revenues are likely to have a lasting impact. This approach contrasts with the standard literature on the "Dutch disease" and the "resource curse", which primarily focus on short...