Do Giant Oilfield Discoveries Fuel Internal Armed Conflicts?
affiliation not provided to SSRN
London School of Economics & Political Science (LSE)
CEPR Discussion Paper No. DP8620
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.
Number of Pages in PDF File: 42
Keywords: Armed Conflict, Civil War, Natural Resources, Petroleum, Resource Curse
JEL Classification: O13, Q33, Q34working papers series
Date posted: November 1, 2011
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