Effects of political instability on the volatility of Palestinian food prices

R. Ihle*, Mahmoud Khader El-Jafari, Stephan von Cramon-Taubadel

*Corresponding author for this work

Research output: Contribution to journalArticleAcademicpeer-review

2 Citations (Scopus)


Political instabilities and violent political conflict have in recent years risen substantially throughout the world. Especially in the Middle East and North Africa they have grown to decisive factors permanently challenging the livelihoods of millions. We assess whether and to what extent varying intensities of conflict impact economic activity in Palestine which has been subject to substantial violent political conflict for decades. In particular, we analyse the relationship between various intensity levels of political instability measured by conflict-caused fatalities and uncertainty of weekly food prices in the West Bank between 2004 and 2011 using a GARCH model. We consider four food commodities covering vegetables, fruits and animal products. Banana and milk prices are found not to show clustered volatility while onion and pear prices do. The impact of varying conflict intensities on weekly average prices appears to be modest. This might suggest that effects happen on a temporally and geographically more disaggregated scale.
Original languageEnglish
Pages (from-to)59-76
JournalNew Medit
Issue number3
Publication statusPublished - 2019


  • Food prices
  • MENA
  • Middle East
  • Uncertainty
  • War


Dive into the research topics of 'Effects of political instability on the volatility of Palestinian food prices'. Together they form a unique fingerprint.

Cite this