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We explore the effect of oil import price shocks on political outcomes using a worldwide dataset on elections of chief executives. Oil import price shocks cause a reduction in the odds of reelection of incumbents, an increase in media chatter about fuel prices, and an increase in non-violent...
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comparable across countries and over time. The results show that the reversed CPI was about 0.4 points higher in election years …
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. The results show that the reversed CPI was about 0.4 points higher in election years than in other years, indicating that …
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