Reversal of Fortune for Political Incumbents : Evidence from Oil Shocks

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...

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Bibliographic Details
Main Authors:	Arezki, Rabah, Djankov, Simeon, Nguyen, Ha, Yotzov, Ivan
Format:	Working Paper
Language:	English
Published:	World Bank, Washington, DC 2020
Subjects:	OIL PRICES ELECTIONS POLITICAL ECONOMY ECONOMIC SHOCK CONSUMPTION OIL SHOCK DEMOCRACY
Online Access:	http://documents.worldbank.org/curated/en/955551592847409083/Reversal-of-Fortune-for-Political-Incumbents-after-Oil-Shocks http://hdl.handle.net/10986/33982

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