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Instability of Democracy in Resource Abundant Countries

русская версия

Опубликовано на портале: 31-12-2010
Экономический журнал ВШЭ. 2008.  Т. 12. № 2. С. 176-200. 
Our main conclusions from the model exploration are as follows. The probability of democracy preservation is decreasing in the amount of resources, if the institutional quality is low enough. It is independent of resources and is determined only by cultural characteristics of the society, if the institutional quality is higher than the threshold. The level of the threshold, however, is positively dependent on the resource amount. These effects are consequences of the optimal Autocrat policy: the larger is the amount of resources, the stronger are Oligarch’s incentives (inspired by Autocrat’s policy) to bribe politicians.
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