Rising Food Prices , Food Price Volatility , and Social Unrest ∗

  title={Rising Food Prices , Food Price Volatility , and Social Unrest ∗},
  author={Marc F. Bellemare},
Can food prices cause social unrest? Throughout history, riots have frequently broken out, ostensibly as a consequence of high food prices. Using monthly data at the international level, this article studies the impact of food prices – food price levels as well as food price volatility – on social unrest. Because food prices and social unrest are jointly determined, data on natural disasters are used to identify the causal relationship flowing from food price levels to social unrest. Results… CONTINUE READING
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