Oil and democracy: More than a cross-country correlation?

  title={Oil and democracy: More than a cross-country correlation?},
  author={Silje Aslaksen},
  journal={Journal of Peace Research},
  pages={421 - 431}
  • S. Aslaksen
  • Published 2010
  • Economics
  • Journal of Peace Research
This article revisits the empirical relationship between oil and democracy. Existing studies establish a negative cross-country correlation between oil and democracy in a Pooled OLS framework. This insight has recently been challenged by claiming that it suffers from omitted variables, and that including country fixed effects removes the statistical association between oil and democracy. This article argues that because of the high persistence of democracy and oil, the findings of no effect of… Expand

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