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Food Prices and Political Instability
Mr.Rabah ArezkiMarkus Bruckner
出版International Monetary Fund, 2011-03-01
主題Business & Economics / Economics / MacroeconomicsBusiness & Economics / InflationBusiness & Economics / Econometrics
ISBN14552210669781455221066
URLhttp://books.google.com.hk/books?id=ipYYEAAAQBAJ&hl=&source=gbs_api
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註釋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.