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International Relative Prices and Civil Wars in Africa: A Note

Author

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  • Caruso Raul

    () (Università Cattolica del Sacro Cuore, Istituto di Politica Economica)

Abstract

The key idea of this paper is that the relative price of primary commodities in terms of manufactured goods affects the likelihood of actual conflicts. The empirical application focused on a panel of Sub-Saharan African countries for the period 1995-2006. Results are not fully conclusive. However, there is robust evidence that a proxy of world price of manufactured goods is negatively associated with the likelihood of a civil war. The conclusion would be that an increase in world prices of manufactured goods would make civil wars less likely.

Suggested Citation

  • Caruso Raul, 2010. "International Relative Prices and Civil Wars in Africa: A Note," Peace Economics, Peace Science, and Public Policy, De Gruyter, vol. 16(1), pages 1-8, June.
  • Handle: RePEc:bpj:pepspp:v:16:y:2010:i:1:n:1
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    References listed on IDEAS

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    1. Joshua D. Angrist & Adriana D. Kugler, 2008. "Rural Windfall or a New Resource Curse? Coca, Income, and Civil Conflict in Colombia," The Review of Economics and Statistics, MIT Press, vol. 90(2), pages 191-215, May.
    2. Raul Caruso, 2010. "Butter, Guns And Ice-Cream Theory And Evidence From Sub-Saharan Africa," Defence and Peace Economics, Taylor & Francis Journals, vol. 21(3), pages 269-283.
    3. Nelson B. Villoria, 2009. "China and the Manufacturing Terms-of-Trade of African Exporters," Journal of African Economies, Centre for the Study of African Economies (CSAE), vol. 18(5), pages 781-823, November.
    4. Indra De Soysa & Eric Neumayer, 2007. "Resource Wealth and the Risk of Civil War Onset: Results from a New Dataset of Natural Resource Rents, 1970—1999," Conflict Management and Peace Science, Peace Science Society (International), vol. 24(3), pages 201-218, July.
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    Cited by:

    1. Bove, Vincenzo & Gavrilova, Evelina, 2014. "Income and Livelihoods in the War in Afghanistan," World Development, Elsevier, vol. 60(C), pages 113-131.
    2. Caruso Raul, 2011. "On the Nature of Peace Economics," Peace Economics, Peace Science, and Public Policy, De Gruyter, vol. 16(2), pages 1-13, January.
    3. Sekeris Petros, 2011. "Land Inequality and Conflict in Sub-Saharan Africa," Peace Economics, Peace Science, and Public Policy, De Gruyter, vol. 16(2), pages 1-18, January.

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