from natural resources on socio-economic flows - corruption, level of democracy, possible conflicts - is determined by the …

identification strategy to test these models. However, Lei and Michaels (2014) find that exogenous discoveries of “giant” oil fields … of the oil discovery. Results indicate that for conflicts over control of territory, strong economic and political … institutions reduce the likelihood of conflict in the wake of the discovery of oil. This empirical finding is consistent with basic …

We reconsider the relationship between oil and conflict, focusing on the location of oil resources. In a panel of 132 … countries over the period 1962-2009, we show that oil windfalls increase the probability of conflict in onshore-rich countries … opposite effects can be explained by a fighting capacity mechanism, whereby the government can use offshore oil income to …

We reconsider the relationship between oil and conflict, focusing on the location of oil resources. In a panel of 132 … countries over the period 1962-2009, we show that oil windfalls increase the probability of conflict in onshore-rich countries … opposite effects can be explained by a fighting capacity mechanism, whereby the government can use offshore oil income to …

analysis shows that the presence and location of oil are significant and quantitatively important predictors of inter …