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Giant oilfields and civil conflict

Lei, Yu-Hsiang and Michaels, Guy (2012) Giant oilfields and civil conflict. Centrepiece Magazine, 17 (1). pp. 22-25.

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Identification Number: CEPCP371

Abstract

We use new data to examine the effects of giant oilfield discoveries around the world since 1946. On average, these discoveries increase per capita oil production and oil exports by up to 50 percent. But these giant oilfield discoveries also have a dark side: they increase the incidence of internal armed conflict by about 5-8 percentage points. This increased incidence of conflict due to giant oilfield discoveries is especially high for countries that had already experienced armed conflicts or coups in the decade prior to discovery.

Item Type: Article
Official URL: http://cep.lse.ac.uk/
Additional Information: © 2012 The Authors
Subjects: H Social Sciences > HC Economic History and Conditions
Sets: Departments > Economics
Research centres and groups > Centre for Economic Performance (CEP)
Series: Working Papers > CEP Special Papers
Date Deposited: 02 Jul 2013 16:07
Last Modified: 03 Jul 2013 12:04
URI: http://eprints.lse.ac.uk/id/eprint/51011

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