Do giant oilfield discoveries fuel internal armed conflicts?

Lei, Yu-Hsiang and Michaels, Guy ORCID: 0000-0002-8796-4536 (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.journals.elsevier.com/journal-of-develo...
Additional Information:	© 2014 Elsevier B.V.
Divisions:	Economics Centre for Economic Performance
Subjects:	H Social Sciences > HC Economic History and Conditions
JEL classification:	O - Economic Development, Technological Change, and Growth > O1 - Economic Development > O13 - Agriculture; Natural Resources; Energy; Environment; Other Primary Products Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics > Q3 - Nonrenewable Resources and Conservation > Q33 - Resource Booms Q - Agricultural and Natural Resource Economics; Environmental and Ecological Economics > Q3 - Nonrenewable Resources and Conservation > Q34 - Natural Resources and Domestic and International Conflicts
Date Deposited:	08 Jul 2014 16:14
Last Modified:	24 Apr 2024 06:48
Funders:	Centre for Economic Performance
URI:	http://eprints.lse.ac.uk/id/eprint/57562

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