Food Prices and Political Instability

WPIEA2011062 Image
Price:  $18.00

Author/Editor: Rabah Arezki, Markus Bruckner
Release Date: © March, 2011
ISBN : 978-1-45522-106-6
Stock #: WPIEA2011062
English
Stock Status: On back-order

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Description

We examine the effects that variations in the international food prices have on democracy and intra-state conflict using panel data for over 120 countries during the period 1970-2007. Our main finding is that in Low Income Countries increases in the international food prices lead to a significant deterioration of democratic institutions and a significant increase in the incidence of anti-government demonstrations, riots, and civil conflict. In the High Income Countries variations in the international food prices have no significant effects on democratic institutions and measures of intra-state conflict. Our empirical results point to a significant externality of variations in international food prices on Low Income Countries' social and political stability.

Taxonomy

Economic policy , Political economy




More publications in this series: Working Papers


More publications by: Rabah Arezki ; Markus Bruckner