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The First Law of Petropolitics

Bibliographic Data

ID9725337
AuthorsRomain Wacziarg (0000-0002-2394-7593, National Bureau of Economic Research, corresponding author)
Year2012
Volume79
Issue316
Pages641-657
Publication date2012-10-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueEconomica (JOURNAL)
Journal identifiersISSN: 0013-0427 • E-ISSN: 1468-0335
PublisherWiley (PUBLISHER • GB)
DOI10.1111/j.1468-0335.2011.00902.x
OpenAlexW2055984252
LanguageEN
Citations received34
References cited7

We examine empirically the relationship between crude oil prices and the ebb and flow of democratic institutions, in order to test the hypothesis that high oil prices undermine democracy and sustain autocracy. We use a variety of time series and panel data methods over a wide range of country subsamples and time periods, finding strictly no evidence in favour of this so‐called ‘First Law of Petropolitics’ (Friedman 2006)

Autocracy · Democracy · Econometrics · Economics · Order (exchange) · Panel data · Political science · Politics · Statistics · Variety (cybernetics) · Energy, Environment, and Transportation Policies · Law · Market Dynamics and Volatility · Mathematics · Natural Resources and Economic Development

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Unique citing works34
Citations per year2,13
Citation span2010 - 2023 (14)
Citation velocityhistorical
Highly citedNo
Citation typesNeutral: 18

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