An exploration of the association between fuel subsidies and fuel riots
研究了2005至2018年间41个国家燃料骚乱与燃料价格及定价机制的关系,发现国内燃料价格冲击是骚乱的关键驱动因素,且固定价格机制(常见于净能源出口国)下的补贴不可持续时,价格调整易引发骚乱。
Between 2005 and 2018, 41 countries had at least one riot directly associated with popular demand for fuel. We make use of a new international dataset on fuel riots to explore the effects of fuel prices and price regimes on fuel riots. In line with prior expectations, we find that large domestic fuel price shocks - often linked to international price shocks - are a key driver of riots. In addition, we report a novel result: fuel riots are closely associated with domestic price regimes. Countries that maintain fixed price regimes - notably net energy exporters - tend to have large fuel subsidies. When such subsidies become unsustainable, domestic price adjustments are large, often leading to riots.