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Do giant oilfield discoveries fuel internal armed conflicts?

Lei, Yu-Hsiang and Michaels, Guy (2014) Do giant oilfield discoveries fuel internal armed conflicts? Journal of Development Economics, 110 . pp. 139-157. ISSN 0304-3878

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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%. 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://www.sciencedirect.com/
Additional Information: © 2014 Elsevier B.V.
Library of Congress subject classification: H Social Sciences > HC Economic History and Conditions
Sets: Departments > Economics
Research centres and groups > Centre for Economic Performance (CEP)
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Funders: Centre for Economic Performance
Date Deposited: 08 Jul 2014 16:14
URL: http://eprints.lse.ac.uk/57562/

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