Reversal of Fortune for Political Incumbents : Evidence from Oil Shocks
Using a new data set of 207 national elections across 50 democracies, this paper is the first to systematically examine the effects of oil price shocks on incumbents’ political fortunes in developed oil-importing countries. We find that oil price increases systematically lower the odds of reelection...
| Main Authors: | , , , |
|---|---|
| Format: | Working Paper |
| Language: | English |
| Published: |
World Bank, Washington, DC
2020
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/955551592847409083/Reversal-of-Fortune-for-Political-Incumbents-after-Oil-Shocks http://hdl.handle.net/10986/33982 |