Testing the Neocon agenda: democracy in resource-rich societies

Working paper

Resource-rich countries have tended to be autocratic and also have tended to use their resource wealth badly. The neoconservative agenda of promoting democratization in resource-rich countries thus offers the hopeful prospect of a better use of their economic opportunities. This paper examines whether the effect of democracy on economic performance is distinctive in resource-rich societies. We show that a priori the sign of the effect is ambiguous: resource rents could either enhance or under...

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Authors: Collier, P; Hoeffler, A

• Publication status: Not published
• Peer review status: Not peer reviewed
• Publication date: 2007-01-01
• Language: English
• Keywords: growth; political economy; natural resources
• Subjects: JEL: O40; JEL: Q38; Economics; JEL: O11; Development economics; Democratic government