Food Prices and Political Instability

21 Pages Posted: 24 Aug 2011

See all articles by Rabah Arezki

Rabah Arezki

World Bank - African Development Bank

Markus Bruckner

University of Adelaide

Multiple version iconThere are 2 versions of this paper

Date Written: August 24, 2011

Abstract

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.

Keywords: food prices, conflict, political institutions

JEL Classification: O000, P000, Q000

Suggested Citation

Arezki, Rabah and Bruckner, Markus, Food Prices and Political Instability (August 24, 2011). CESifo Working Paper Series No. 3544, Available at SSRN: https://ssrn.com/abstract=1915936 or http://dx.doi.org/10.2139/ssrn.1915936

Rabah Arezki (Contact Author)

World Bank - African Development Bank ( email )

15 Avenue du Ghana
P.O.Box 323-1002
Tunis-Belvedère
Tunisia

Markus Bruckner

University of Adelaide ( email )

No 233 North Terrace, School of Commerce
Adelaide, South Australia 5005
Australia

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