作者：Cassidy, Traviss
作者单位：University of Alabama System; University of Alabama Tuscaloosa
摘要：We estimate the long-run effects of oil wealth on development by exploiting spatial variation in sedimentary basins-areas where petroleum can potentially form. Instrumental variables estimates indicate that oil production impedes democracy and fiscal capacity development, increases corruption, and raises GDP per capita without significantly harming the non-resource sectors of the economy. We find no evidence that oil production increases internal armed conflict, coup attempts, or political pur...
