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Political regime and FDI from advanced to emerging countries


Guerin, Selen S.; Manzocchi, Stefano


Bitte beziehen Sie sich beim Zitieren dieses Dokumentes immer auf folgenden Persistent Identifier (PID):http://nbn-resolving.de/urn:nbn:de:0168-ssoar-203133

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Abstract We investigate the effect of the political regime on bilateral FDI flows from advanced to emerging countries in the period 1992–2004. We control for country size, per capita income and privatization proceeds in the host country, and use a random-effect Tobit model to exploit information from zero entries. Our results suggest that democracy does have a positive effect on the amount and probability of FDI flows from developed to emerging countries. Moreover, we find that the effect of democracy on FDI also works through the total factor productivity channel, not only the political risk one as suggested in the literature.
Klassifikation Staat, staatliche Organisationsformen; Volkswirtschaftslehre
Freie Schlagwörter Foreign direct investment; Political regime; Democracy; Tobit models; F23; P51; P48; C24
Sprache Dokument Englisch
Publikationsjahr 2009
Seitenangabe S. 75-91
Zeitschriftentitel Review of World Economics, 145 (2009) 1
DOI http://dx.doi.org/10.1007/s10290-009-0004-7
Status Postprint; begutachtet (peer reviewed)
Lizenz PEER Licence Agreement (applicable only to documents from PEER project)