Ishak, Phoebe W.; Fritsche, Ulrich - 2019
In this paper, we study the impact of oil price shocks on the incidence of protest over the period 1991-2015. Our … results indicate that negative oil price shocks are followed by an uptick in the number of protests and that a higher initial … explain these results, we show that negative oil price shocks lead to a significant increase in the size of the shadow economy …