Does Oil Wealth Affect Democracy in Africa

@article{Anyanwu2014DoesOW,
  title={Does Oil Wealth Affect Democracy in Africa},
  author={John C. Anyanwu and Andrew E. O. Erhijakpor},
  journal={African Development Review},
  year={2014},
  volume={26},
  pages={15-37}
}
This paper uses recent data on historical oil wealth to provide new evidence on the effect of oil wealth on democracy in Africa from 1955 to 2008. We find that oil wealth is statistically associated with a lower likelihood of democratization when we estimate the relationship in a pooled cross-sectional and time-series setting. In addition, when estimated using fixed effects and IV-2SLS methods, the strong negative statistical association continues to hold. Indeed, this result is robust to the… 

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