The Effects of Oil Wealth on the Protection of Property Rights in the Oil Countries

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Dashtimanesh, Mohammad Javad | 2020

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Type of Document: M.Sc. Thesis
Language: Farsi
Document No: 53521 (44)
University: Sharif University of Technology
Department: Management and Economics
Advisor(s): Nili, Masood
Abstract:
Using a panel dataset of oil discoveries and oil prices, this thesis studies the effect of oil wealth on protection of property rights in 56 oil countries between 1995 to 2018. Controlling for year fixed effects and country fixed effects, We show that this association is affected by the ownership of oil in this countries. In countries that government is owned all the oil industry, a strong correlation is observable between oil wealth and property rights policies. But in countries that private ownership on oil is legal and the government is not monopolist in the oil ownership, this correlation is insignificant. This results are robust with controlling the GDP per capita, political regime characteristics and transitions
Keywords:
Oil Price Shocks ; Natural Resource Curse ; Oil Tanks ; Panel Data ; Oil Producting Countries ; Property Rights

No TOC