The Big Oil Change

@article{Andersen2014TheBO,
  title={The Big Oil Change},
  author={J{\o}rgen Juel Andersen and Michael L. Ross},
  journal={Comparative Political Studies},
  year={2014},
  volume={47},
  pages={1021 - 993}
}
The claim that oil wealth tends to block democratic transitions has recently been challenged by Haber and Menaldo, who use historical data going back to 1800 and conclude there is no “resource curse.” We revisit their data and models, and show they might be correct for the period before the 1970s, but since about 1980, there has been a pronounced resource curse. We argue that oil wealth only became a hindrance to democratic transitions after the transformative events of the 1970s, which enabled… Expand
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