Food Prices and Political Instability
AbstractWe 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.
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Bibliographic InfoPaper provided by International Monetary Fund in its series IMF Working Papers with number 11/62.
Date of creation: 01 Mar 2011
Date of revision:
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Other versions of this item:
- O00 - Economic Development, Technological Change, and Growth - - General - - - General
- P00 - Economic Systems - - General - - - General
- Q00 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - General
This paper has been announced in the following NEP Reports:
- NEP-AGR-2011-04-02 (Agricultural Economics)
- NEP-ALL-2011-04-02 (All new papers)
- NEP-POL-2011-04-02 (Positive Political Economics)
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