@workingpaper{Asongu2012b_34,
title = {Politics and Consumer Prices in Africa},
author = {Simplice A Asongu},
editor = {African 2012 Governance and Development Institute WP/12/032},
url = {http://www.afridev.org/RePEc/agd/agd-wpaper/Politics-and-Consumer-Prices-in-Africa.pdf},
year = {2012},
date = {2012-01-01},
abstract = {The motivations of the Arab Spring that have marked the history of humanity over the
last few months have left political economists, researchers, governments and international
policymakers pondering over how the quality of political institutions affect consumer welfare
in terms of commodity prices. This paper investigates the effects of political establishments
on consumer prices in the African continent. Findings suggest that in comparison with
authoritarian regimes, democracies better provide for institutions that keep inflationary
pressures on commodity prices in check. As a policy implication, improving the quality of
democratic institutions will ameliorate consumer welfare through lower inflation rates. Such
government quality institutional determinants include, among others: voice and
accountability, rule of law, regulation quality, control of corruption and press freedom.},
keywords = {Consumer prices; Political institutions; Welfare; Africa},
pubstate = {published},
tppubtype = {workingpaper}
}