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Does Oil Corrupt? Evidence from a Natural Experiment in West Africa

Abstract:

This paper explores an oil discovery natural experiment to assess the role of natural resources in determining corruption. We argue that an anticipated oil boom may increase corruption by boosting the value attributed by an elite to being in power when the actual oil exploration begins. We test this proposition by analyzing the impact of the oil discovery announcements that took place in 1997-99 in São Tomé and Príncipe (West Africa). For this objective we conducted purposely-designed househo...

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Pedro C. Vicente More by this author
Henry Morgenthau Jr. Memorial Fund More from this funder
Department of Economics at the University of Chicago More from this funder
Volume:
317
Series:
Discussion paper series
Publication date:
2006-04-05
URN:
uuid:0707f54d-4e5d-4977-8cde-d22e65c51606
Local pid:
ora:1356
Language:
English

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