Oil and political survival
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Date
2013Metadata
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Original version
http://dx.doi.org/10.1016/j.jdeveco.2012.08.008Abstract
Political economy theories on the natural resource curse predict that natural resource
wealth is a determining factor for the length of time political leaderships remain in o¢ ce.
Whether resource wealth leads to longer or shorter durations in political o¢ ce depends
on the political incentives created by the natural resources, which in turn depend on the
types of institutions and natural resource. Exploiting a sample of more than 600 political
leadership durations in up to 152 countries, we nd that both institutions and resource
types matter for the e¤ect that natural resource wealth has on political survival: (i) wealth
derived from natural resources a¤ects political survival in intermediate and autocratic, but
not in democratic, polities; and (ii) while oil and non-lootable diamonds are associated with
positive e¤ects on the duration in political o¢ ce, minerals are associated with negative
duration e¤ects.
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This is the authors’ final, accepted and refereed manuscript to the article