Arezki, Rabah; Djankov, Simeon; Nguyen, Ha; Yotzov, Ivan - 2020
This paper explores the effect of oil shocks on electoral outcomes. Using a new polling and election data set for 207 … elections across 50 democracies, the paper shows that oil price increases systematically lower the odds of reelection for … for incumbents in the runup to reelection and a reversal in the leaning of the political party in power post-election …