Staff Publications

Staff Publications

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    'Staff publications' is the digital repository of Wageningen University & Research

    'Staff publications' contains references to publications authored by Wageningen University staff from 1976 onward.

    Publications authored by the staff of the Research Institutes are available from 1995 onwards.

    Full text documents are added when available. The database is updated daily and currently holds about 240,000 items, of which 72,000 in open access.

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Record number 501358
Title Election cycles in natural resource rents: Empirical evidence
Author(s) Klomp, Jeroen; Haan, Jakob de
Source Journal of Development Economics 121 (2016). - ISSN 0304-3878 - p. 79 - 93.
DOI https://doi.org/10.1016/j.jdeveco.2016.03.002
Department(s) Environmental Economics and Natural Resources Group
WIMEK
WASS
Publication type Refereed Article in a scientific journal
Publication year 2016
Keyword(s) Natural resources - Political budget cycles - Rent seeking
Abstract

We examine whether governments' natural resource rents are affected by upcoming elections and if so, whether the incumbent uses these additional rents for re-election purposes. Estimates of a dynamic panel model for about 60 countries for 1975-2011 suggest that elections increase natural resource rents. The incumbent uses these rents for expanding public spending and reducing taxes before elections. However, these electoral cycle effects are statistically significant only in young democracies. Our results also suggest that election effects are stronger in countries with limited access to free media, limited political checks and balances, and a presidential system.

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