The oil curse validated: Evidence from Eurasia and Latin America

Barrak Algharabali; J. S. Butler; Stacy Closson

doi:10.32479/ijeep.10772

The oil curse validated: Evidence from Eurasia and Latin America

Barrak Algharabali, J. S. Butler, Stacy Closson

Research output: Contribution to journal › Article › peer-review

1 Scopus citations

Abstract

Many studies have found a negative relationship between oil abundance and democracy. However, recent studies have tried to upend this correlation by employing time-series techniques or finding a conditionality on other factors. This study contributes to the literature by employing an Arellano Bond model that corrects for fixed effects and adopts new variables from recent empirical studies. Comparing Eurasia and Latin America from the 1960s to 2010, we find that the theory of a negative relationship between an abundance of natural resources and democracy remains valid.

Original language	English
Pages (from-to)	494-501
Number of pages	8
Journal	International Journal of Energy Economics and Policy
Volume	11
Issue number	3
DOIs	https://doi.org/10.32479/ijeep.10772
State	Published - 2021

Bibliographical note

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Keywords

Democracy
Natural Resource Abundance
Natural Resource Curse
Natural Resource Dependence

ASJC Scopus subject areas

General Energy
General Economics, Econometrics and Finance

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10.32479/ijeep.10772

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The oil curse validated: Evidence from Eurasia and Latin America

Abstract

Bibliographical note

Keywords

ASJC Scopus subject areas

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