Foreign Direct Investment and Democracy: A Robust Fixed Effects Approach to a Complex Relationship
Author
Abstract
Suggested Citation
Download full text from publisher
As the access to this document is restricted, you may want to search for a different version of it.
References listed on IDEAS
- Philipp Harms & Heinrich W. Ursprung, 2002.
"Do Civil and Political Repression Really Boost Foreign Direct Investments?,"
Economic Inquiry, Western Economic Association International, vol. 40(4), pages 651-663, October.
- Philipp Harms & Heinrich Ursprung, 2001. "Do Civil and Political Repression Really Boost Foreign Direct Investments?," CESifo Working Paper Series 421, CESifo.
- Li, Quan, 2009. "Outlier, Measurement, and the Democracy-FDI Controversy," Quarterly Journal of Political Science, now publishers, vol. 4(2), pages 167-181, July.
- Philip R. Lane, 2015. "International Financial Flows in Low-Income Countries," Pacific Economic Review, Wiley Blackwell, vol. 20(1), pages 49-72, February.
- Freille, Sebastian & Haque, M. Emranul & Kneller, Richard, 2007. "A contribution to the empirics of press freedom and corruption," European Journal of Political Economy, Elsevier, vol. 23(4), pages 838-862, December.
- Sergei Guriev & Anton Kolotilin & Konstantin Sonin, 2011.
"Determinants of Nationalization in the Oil Sector: A Theory and Evidence from Panel Data,"
The Journal of Law, Economics, and Organization, Oxford University Press, vol. 27(2), pages 301-323.
- Sergei Guriev & Konstantin Sonin & Anton Kolotilin, 2007. "Determinants of Expropriation in the Oil Sector: A Theory and Evidence from Panel Data," Working Papers w0115, Center for Economic and Financial Research (CEFIR).
- Guriev, Sergei & Sonin, Konstantin & Kolotilin, Anton, 2008. "Determinants of Expropriation in the Oil Sector: A Theory and Evidence from Panel Data," CEPR Discussion Papers 6755, C.E.P.R. Discussion Papers.
- Agnès Bénassy‐Quéré & Maylis Coupet & Thierry Mayer, 2007.
"Institutional Determinants of Foreign Direct Investment,"
The World Economy, Wiley Blackwell, vol. 30(5), pages 764-782, May.
- Agnès Bénassy-Quéré & Maylis Coupet & Thierry Mayer, 2005. "Institutional Determinants of Foreign Direct Investment," Working Papers 2005-05, CEPII research center.
- Agnès Bénassy-Quéré & Maylis Coupet & Thierry Mayer, 2007. "Institutional Determinants of Foreign Direct Investment," Post-Print hal-00268751, HAL.
- Agnès Bénassy-Quéré & Thierry Mayer & Maylis Coupet, 2007. "Institutional Determinants of Foreign Direct Investment," Post-Print hal-03415911, HAL.
- Agnès Bénassy-Quéré & Maylis Coupet & Thierry Mayer, 2007. "Institutional Determinants of Foreign Direct Investment," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00268751, HAL.
- Sergei Guriev & Konstantin Sonin & Anton Kolotilin, 2007.
"Determinants of Expropriation in the Oil Sector: A Theory and Evidence from Panel Data,"
Working Papers
w0115, New Economic School (NES).
- Anton Kolotilin & Sergei Guriev & Konstantin Sonin, 2011. "Determinants of Expropriation in the Oil Sector: A Theory and Evidence from Panel Data," Post-Print hal-03415478, HAL.
- Guriev, Sergei & Sonin, Konstantin & Kolotilin, Anton, 2008. "Determinants of Expropriation in the Oil Sector: A Theory and Evidence from Panel Data," CEPR Discussion Papers 6755, C.E.P.R. Discussion Papers.
- Sergei Guriev & Konstantin Sonin & Anton Kolotilin, 2007. "Determinants of Expropriation in the Oil Sector: A Theory and Evidence from Panel Data," Working Papers w0115, Center for Economic and Financial Research (CEFIR).
- Tanja Ellingsen, 2000. "Colorful Community or Ethnic Witches' Brew?," Journal of Conflict Resolution, Peace Science Society (International), vol. 44(2), pages 228-249, April.
- Aquaro, M. & Čížek, P., 2013.
"One-step robust estimation of fixed-effects panel data models,"
Computational Statistics & Data Analysis, Elsevier, vol. 57(1), pages 536-548.
- Aquaro, M. & Cizek, P., 2010. "One-Step Robust Estimation of Fixed-Effects Panel Data Models," Other publications TiSEM de8330cc-ac73-4aac-a555-9, Tilburg University, School of Economics and Management.
- Aquaro, M. & Cizek, P., 2010. "One-Step Robust Estimation of Fixed-Effects Panel Data Models," Discussion Paper 2010-110, Tilburg University, Center for Economic Research.
- Pal Sudeshna, 2011. "Media Freedom and Socio-Political Instability," Peace Economics, Peace Science, and Public Policy, De Gruyter, vol. 17(1), pages 1-23, March.
- Asiedu, Elizabeth & Lien, Donald, 2011.
"Democracy, foreign direct investment and natural resources,"
Journal of International Economics, Elsevier, vol. 84(1), pages 99-111, May.
- Elizabeth Asiedu & Donald Lien, 2010. "Democracy, Foreign Direct Investment and Natural Resources," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS 201009, University of Kansas, Department of Economics.
- Rodolphe Desbordes & Julien Vauday, 2007.
"The Political Influence Of Foreign Firms In Developing Countries,"
Economics and Politics, Wiley Blackwell, vol. 19(3), pages 421-451, November.
- Rodolphe Desbordes & Julien Vauday, 2007. "The Political Influence of Foreign Firms in Developing Countries," Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) hal-00363192, HAL.
- Rodolphe Desbordes & Julien Vauday, 2007. "The Political Influence of Foreign Firms in Developing Countries," Post-Print hal-00363192, HAL.
- Reynal-Querol, Marta, 2005. "Does democracy preempt civil wars?," European Journal of Political Economy, Elsevier, vol. 21(2), pages 445-465, June.
- Lane, Philip R. & Milesi-Ferretti, Gian Maria, 2007.
"The external wealth of nations mark II: Revised and extended estimates of foreign assets and liabilities, 1970-2004,"
Journal of International Economics, Elsevier, vol. 73(2), pages 223-250, November.
- Philip R. Lane & Gian Maria Milesi-Ferretti, 2006. "The External Wealth of Nations Mark II: Revised and Extended Estimates of Foreign Assets and Liabilities,1970–2004," The Institute for International Integration Studies Discussion Paper Series iiisdp126, IIIS.
- Milesi-Ferretti, Gian Maria & Lane, Philip, 2006. "The External Wealth of Nations Mark II: Revised and Extended Estimates of Foreign Assets and Liabilities, 1970-2004," CEPR Discussion Papers 5644, C.E.P.R. Discussion Papers.
- Mr. Philip R. Lane & Mr. Gian M Milesi-Ferretti, 2006. "The External Wealth of Nations Mark II: Revised and Extended Estimates of Foreign Assets and Liabilities, 1970–2004," IMF Working Papers 2006/069, International Monetary Fund.
- Bradford L. Barham & Jean-Paul Chavas & Oliver T. Coomes, 1998. "Sunk Costs and the Natural Resource Extraction Sector: Analytical Models and Historical Examples of Hysteresis and Strategic Behavior in the Americas," Land Economics, University of Wisconsin Press, vol. 74(4), pages 429-448.
- Nickell, Stephen J, 1981. "Biases in Dynamic Models with Fixed Effects," Econometrica, Econometric Society, vol. 49(6), pages 1417-1426, November.
- W. J. Henisz, 2000. "The Institutional Environment for Economic Growth," Economics and Politics, Wiley Blackwell, vol. 12(1), pages 1-31, March.
- Frederick Solt, 2009. "Standardizing the World Income Inequality Database," Social Science Quarterly, Southwestern Social Science Association, vol. 90(2), pages 231-242, June.
- Steven Globerman & Daniel Shapiro, 2003.
"Governance infrastructure and US foreign direct investment,"
Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 34(1), pages 19-39, January.
- Steven Globerman & Daniel Shapiro, 2004. "Governance Infrastructure and U.S. Foreign Direct Investment," International Finance 0404008, University Library of Munich, Germany.
- Yuko Kinoshita & Ashoka Mody, 2001. "Private information for foreign investment in emerging economies," Canadian Journal of Economics, Canadian Economics Association, vol. 34(2), pages 448-464, May.
- Egorov, Georgy & Guriev, Sergei & Sonin, Konstantin, 2009.
"Why Resource-poor Dictators Allow Freer Media: A Theory and Evidence from Panel Data,"
American Political Science Review, Cambridge University Press, vol. 103(4), pages 645-668, November.
- Georgy Egorov & Sergei Guriev & Konstantin Sonin, 2009. "Why Resource-Poor Dictators Allow Freer Media: A Theory and Evidence from Panel Data," Post-Print hal-03417695, HAL.
- Choi, Seung-Whan, 2009. "The Effect of Outliers on Regression Analysis: Regime Type and Foreign Direct Investment," Quarterly Journal of Political Science, now publishers, vol. 4(2), pages 153-165, July.
- Christian Daude & Ernesto Stein, 2007. "The Quality Of Institutions And Foreign Direct Investment," Economics and Politics, Wiley Blackwell, vol. 19(3), pages 317-344, November.
- Peter Egger & Valeria Merlo, 2007. "The Impact of Bilateral Investment Treaties on FDI Dynamics," The World Economy, Wiley Blackwell, vol. 30(10), pages 1536-1549, October.
- repec:bla:kyklos:v:54:y:2001:i:1:p:89-113 is not listed on IDEAS
- Busse, Matthias & Hefeker, Carsten, 2007.
"Political risk, institutions and foreign direct investment,"
European Journal of Political Economy, Elsevier, vol. 23(2), pages 397-415, June.
- Hefeker, Carsten & Busse, Matthias, 2005. "Political Risk, Institutions and Foreign Direct Investment," HWWA Discussion Papers 315, Hamburg Institute of International Economics (HWWA).
- Busse, Matthias & Hefeker, Carsten, 2005. "Political Risk, Institutions and Foreign Direct Investment," Discussion Paper Series 26388, Hamburg Institute of International Economics.
- Vincenzo Verardi & Christophe Croux, 2009. "Robust regression in Stata," Stata Journal, StataCorp LP, vol. 9(3), pages 439-453, September.
- Maria Caterina Bramati & Christophe Croux, 2007. "Robust estimators for the fixed effects panel data model," Econometrics Journal, Royal Economic Society, vol. 10(3), pages 521-540, November.
- Frederick Solt, 2009. "Standardizing the World Income Inequality Database," LIS Working papers 496, LIS Cross-National Data Center in Luxembourg.
- Jo Jakobsen & Indra De Soysa, 2006. "Do Foreign Investors Punish Democracy? Theory and Empirics, 1984–2001," Kyklos, Wiley Blackwell, vol. 59(3), pages 383-410, August.
- Jensen, Nathan M., 2003. "Democratic Governance and Multinational Corporations: Political Regimes and Inflows of Foreign Direct Investment," International Organization, Cambridge University Press, vol. 57(3), pages 587-616, July.
- Avik Chakrabarti, 2001. "The Determinants of Foreign Direct Investments: Sensitivity Analyses of Cross‐Country Regressions," Kyklos, Wiley Blackwell, vol. 54(1), pages 89-114, February.
- Acemoglu,Daron & Robinson,James A., 2009.
"Economic Origins of Dictatorship and Democracy,"
Cambridge Books,
Cambridge University Press, number 9780521671422, January.
- Acemoglu,Daron & Robinson,James A., 2006. "Economic Origins of Dictatorship and Democracy," Cambridge Books, Cambridge University Press, number 9780521855266, January.
- Li, Quan & Resnick, Adam, 2003. "Reversal of Fortunes: Democratic Institutions and Foreign Direct Investment Inflows to Developing Countries," International Organization, Cambridge University Press, vol. 57(1), pages 175-211, January.
- Rousseeuw, Peter J. & Wagner, Joachim, 1994. "Robust regression with a distributed intercept using least median of squares," Computational Statistics & Data Analysis, Elsevier, vol. 17(1), pages 65-76, January.
- Matthias Busse, 2004. "Transnational Corporations and Repression of Political Rights and Civil Liberties: An Empirical Analysis," Kyklos, Wiley Blackwell, vol. 57(1), pages 45-65, February.
Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
Cited by:
- Raphael Chiappini & François Viaud, 2021.
"Macroeconomic, institutional, and sectoral determinants of outward foreign direct investment: Evidence from Japan,"
Pacific Economic Review, Wiley Blackwell, vol. 26(3), pages 404-433, August.
- Raphael Chiappini & F. Viaud, 2021. "Macroeconomic, institutional, and sectoral determinants of outward foreign direct investment: Evidence from Japan," Post-Print hal-03407483, HAL.
- Abdulmohsen Alfalih, Abdullah & Bel Hadj, Tarek, 2021. "Asymmetric effects of foreign direct investment on employment in an oil producing country: Do human capital, institutions and oil rents matter?," Resources Policy, Elsevier, vol. 70(C).
- Federico Carril-Caccia & Juliette Milgram Baleix & Jordi Paniagua, 2019. "The foreign direct investment-institution nexus in oil-abundant countries," Working Papers 1903, Department of Applied Economics II, Universidad de Valencia.
- Federico Carril-Caccia & Juliette Milgram-Baleix & Jordi Paniagua, 2019. "Foreign Direct Investment in oil-abundant countries: The role of institutions," PLOS ONE, Public Library of Science, vol. 14(4), pages 1-23, April.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Akhtaruzzaman, M. & Berg, Nathan & Hajzler, Christopher, 2017.
"Expropriation risk and FDI in developing countries: Does return of capital dominate return on capital?,"
European Journal of Political Economy, Elsevier, vol. 49(C), pages 84-107.
- M. Akhtaruzzaman & Nathan Berg & Christopher Hajzler, 2017. "Expropriation Risk and FDI in Developing Countries: Does Return of Capital Dominate Return on Capital?," Staff Working Papers 17-9, Bank of Canada.
- Céline Azémar & Rodolphe Desbordes, 2009.
"Public Governance, Health and Foreign Direct Investment in Sub-Saharan Africa,"
Journal of African Economies, Centre for the Study of African Economies, vol. 18(4), pages 667-709, August.
- Céline Azémar & Rodolphe Desbordes, 2008. "Public Governance, Health and Foreign Direct Investment in Sub-Saharan Africa," Working Papers 2009_04, Business School - Economics, University of Glasgow.
- Desbordes, Rodolphe & Azémar, Céline, 2008. "Public Governance, Health and Foreign Direct Investment in Sub-Saharan Africa," SIRE Discussion Papers 2008-23, Scottish Institute for Research in Economics (SIRE).
- Basu, Debarati & Mitra, Shabana & Purohit, Archana, 2023. "Does effective democracy explain MNE location choice?: Attractiveness to FDI and cross-border M&As," Journal of Business Research, Elsevier, vol. 167(C).
- Jean Lacroix & Pierre-Guillaume Méon & Khalid Sekkat, 2017. "Do democratic transitions attract foreign investors and how fast?," Working Papers CEB 17-006, ULB -- Universite Libre de Bruxelles.
- Uddin, Moshfique & Chowdhury, Anup & Zafar, Sheeba & Shafique, Sujana & Liu, Jia, 2019. "Institutional determinants of inward FDI: Evidence from Pakistan," International Business Review, Elsevier, vol. 28(2), pages 344-358.
- Nouha Bougharriou & Walid Benayed & Foued Badr Gabsi, 2021. "Under Which Condition Does the Democratization of the Arab World Improve FDI?," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 63(2), pages 224-248, June.
- Nvuh‐Njoya Youssouf & Keneck‐Massil Joseph & Yogo Urbain Thierry, 2024. "Constitutional instability and foreign direct investment in Africa," Economics of Transition and Institutional Change, John Wiley & Sons, vol. 32(1), pages 3-23, January.
- Madhav Joshi & Jason Michael Quinn, 2020. "Civil war termination and foreign direct investment, 1989–2012," Conflict Management and Peace Science, Peace Science Society (International), vol. 37(4), pages 451-470, July.
- Federico Carril-Caccia & Juliette Milgram-Baleix & Jordi Paniagua, 2019. "Foreign Direct Investment in oil-abundant countries: The role of institutions," PLOS ONE, Public Library of Science, vol. 14(4), pages 1-23, April.
- Sean Joss Gossel, 2020. "FDI and Elections in Sub-Saharan Africa," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 32(4), pages 1151-1172, September.
- Mumtaz Hussain Shah, 2017. "Political Institutions and the Incidence of FDI in South Asia," Business & Economic Review, Institute of Management Sciences, Peshawar, Pakistan, vol. 9(1), pages 21-42, March.
- Bailey, Nicholas, 2018. "Exploring the relationship between institutional factors and FDI attractiveness: A meta-analytic review," International Business Review, Elsevier, vol. 27(1), pages 139-148.
- Wisniewski, Tomasz P. & Pathan, Saima K., 2014. "Political environment and foreign direct investment: Evidence from OECD countries," European Journal of Political Economy, Elsevier, vol. 36(C), pages 13-23.
- Fragkiskos Filippaios & Fatima Annan-Diab & Amir Hermidas & Charikleia Theodoraki, 2019. "Political governance, civil liberties, and human capital: Evaluating their effect on foreign direct investment in emerging and developing economies," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 50(7), pages 1103-1129, September.
- Asiedu, Elizabeth & Lien, Donald, 2011.
"Democracy, foreign direct investment and natural resources,"
Journal of International Economics, Elsevier, vol. 84(1), pages 99-111, May.
- Elizabeth Asiedu & Donald Lien, 2010. "Democracy, Foreign Direct Investment and Natural Resources," WORKING PAPERS SERIES IN THEORETICAL AND APPLIED ECONOMICS 201009, University of Kansas, Department of Economics.
- Federico Carril-Caccia & Juliette Milgram Baleix & Jordi Paniagua, 2019. "The foreign direct investment-institution nexus in oil-abundant countries," Working Papers 1903, Department of Applied Economics II, Universidad de Valencia.
- Lucke, Bernd & Rehfeldt, Erik, 2022. "How does expropriation affect FDI? A synthetic control analysis of oil and gas sector nationalizations in South America," MPRA Paper 115374, University Library of Munich, Germany.
- Tag, Mehmet Nasih, 2021. "Judicial institutions of property rights protection and foreign direct investment inflows," International Review of Law and Economics, Elsevier, vol. 65(C).
- Shimaa Elkomy & Hilary Ingham & Robert Read, 2015. "Economic, Institutional & Political Determinants of FDI Growth Effects in Emerging & Developing Countries," Working Papers 95922154, Lancaster University Management School, Economics Department.
- Philipp Harms & Pierre-Guillaume Méon, 2013. "The Composition of FDI in the MENA Region and Other Countries: Econometric Investigation and Implications for MENA Countries," Working Papers 793, Economic Research Forum, revised Nov 2013.
Corrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:pacecr:v:22:y:2017:i:1:p:43-82. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=1361-374X .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.