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| Cologni, Alessandro; Manera, Matteo. |
| Natural resources are generally associated to negative effects on the political environment of a country. This paper explores the impact that oil revenues have on the establishment of a given political system. Based on previous literature, a political economy perspective is employed. A simple game theoretical approach in order to explain the relationships between oil revenues, political instability (conflicts) and emergence of different political systems is presented. The implementation of particular redistributive fiscal policies together with the possibility that paternalistic or “predatory" autocracies emerge are considered. Under certain circumstances, a process of full democratization is argued not to represent an optimal choice for the oil-rich... |
| Tipo: Working Paper |
Palavras-chave: Natural Resources; Rentier States; Conflict and Endogenous Political Regimes; Resource /Energy Economics and Policy; C72; D74; O13; P16. |
| Ano: 2012 |
URL: http://purl.umn.edu/123277 |
