International Relative Prices and Civil Wars in Africa: A Note

Raul Caruso ()

Peace Economics, Peace Science, and Public Policy, 2010, vol. 16, issue 1, 8

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.

Keywords: civil war; commodity prices; MUV; relative price; probit analysis (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (3)

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DOI: 10.2202/1554-8597.1193

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