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Testing the Neocon Agenda: Democracy in Resource-Rich Societies

Abstract:

Resource-rich countries have tended to be autocratic and also have tended to use their resource wealth badly. The neoconservative agenda of promoting democratization in resource-rich countries thus offers the hopeful prospect of a better use of their economic opportunities. This paper examines whether the effect of democracy on economic performance is distinctive in resource-rich societies. We show that a priori the sign of the effect is ambiguous: resource rents could either enhance or under...

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Volume:
13
Series:
Research Papers
Publication date:
2008-11-05
URN:
uuid:99a60363-fe19-4d38-952f-602169b7759a
Local pid:
oai:economics.ouls.ox.ac.uk:12971

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