Oil at risk: Political violence and accelerated carbon extraction in the Middle East and North Africa

• Main Authors: MERRILL, Ryan Knowles, ORLANDO, Anthony W.
• Format: text
• Language: English
• Published: Institutional Knowledge at Singapore Management University 2020
• Subjects: Oil production; Political violence; Hotelling rule; Exhaustible resources; Climate change; Risk-induced extraction; Agribusiness; Agricultural and Resource Economics
• Online Access: https://ink.library.smu.edu.sg/lkcsb_research/6700; https://ink.library.smu.edu.sg/context/lkcsb_research/article/7699/viewcontent/Oil_at_risk_2020_av.pdf
• Institution: Singapore Management University

What effect does the threat of expropriation have on resource extraction? Much of the economic literature suggests that uncertainty reduces investment, but the theory of risk-induced extraction suggests the opposite. In this paper, we test this theory in the context of political violence, which pose...