39561. Oil Prices and Interstate Conflict Behavior
- Author:
- Cullen S. Hendrix
- Publication Date:
- 07-2014
- Content Type:
- Working Paper
- Institution:
- Peterson Institute for International Economics
- Abstract:
- Anecdotal evidence suggests high oil prices embolden leaders in oil-rich states to pursue more aggressive foreign policies. This article tests the conjecture in a sample of 153 countries for the time period 1947–2001. It finds strong evidence of a contingent effect of oil prices on interstate disputes, with high oil prices associated with significant increases in dispute behavior among oil-exporting states, while having either a negative or null effect on dispute behavior in nonexporting states.
- Topic:
- Conflict Resolution, International Relations, Foreign Policy, Oil, and History