The economics of petro-authoritarianism: Post-soviet transitions and democratization

Ibadoghlu G., Sadigov R.

RESOURCES POLICY, vol.85, 2023 (SSCI, Scopus) identifier identifier

  • Nəşrin Növü: Article / Article
  • Cild: 85
  • Nəşr tarixi: 2023
  • Doi nömrəsi: 10.1016/j.resourpol.2023.103752
  • jurnalın adı: RESOURCES POLICY
  • Jurnalın baxıldığı indekslər: Social Sciences Citation Index (SSCI), Scopus, International Bibliography of Social Sciences, Aerospace Database, Aquatic Science & Fisheries Abstracts (ASFA), Business Source Elite, Business Source Premier, Communication Abstracts, Compendex, EconLit, Index Islamicus, INSPEC, Metadex, PAIS International, Pollution Abstracts, Public Affairs Index, Civil Engineering Abstracts
  • Açıq Arxiv Kolleksiyası: Məqalə
  • Adres: Bəli

Qısa məlumat

The sharp decline in oil prices in the second half of 2014 drew attention to petro-authoritarian regimes. Crackdowns on civil societies across oil-rich nations of the post-Soviet space, and especially the aggressive behavior of the Russian government, restored academic interest in the oil-hinders-democracy hypothesis of Ross (2001). However, some recent studies challenge the hypothesis and suggest that previous articles might need to be revised to avoid endogeneity and not control the heterogeneous initial institutional quality. To address these issues, we use an instrumental variable approach and employ the Synthetic Control Method (SCM) to test the impact of oil income on democracy in post-Soviet countries. The analyzed sample enables us to control the initial institutional quality and treat oil resources as a quasi-random assignment. Our empirical findings suggest that oil still impedes democracy.