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Determinants of Expropriation in the Oil Sector: A Theory and Evidence from Panel Data
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Cited by:
- Cannizzaro, Anthony P. & Weiner, Robert J., 2015. "Multinational investment and voluntary disclosure: Project-level evidence from the petroleum industry," Accounting, Organizations and Society, Elsevier, vol. 42(C), pages 32-47.
- Rodriguez Acosta, Mauricio, 2018. "Resource management under endogenous risk of expropriation," Resource and Energy Economics, Elsevier, vol. 52(C), pages 1-17.
- Ramin Dadasov & Philipp Harms & Oliver Lorz, 2013.
"Financial integration in autocracies: Greasing the wheel or more to steal?,"
Economics of Governance, Springer, vol. 14(1), pages 1-22, February.
- Ramin Dadasov & Philipp Harms & Oliver Lorz, 2010. "Financial Integration in Autocracies: Greasing the Wheel or More to Steal?," MAGKS Papers on Economics 201014, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
- Brunnschweiler, Christa N. & Valente, Simone, 2011.
"International partnerships, foreign control and income levels: theory and evidence,"
MPRA Paper
34222, University Library of Munich, Germany.
- Christa N. Brunnschweiler & Simone Valente, 2012. "International partnerships, foreign control and income levels : theory and evidence," Working Paper Series 13412, Department of Economics, Norwegian University of Science and Technology.
- Christa N. Brunnschweiler & Simone Valente, 2011. "International Partnerships, Foreign Control and Income Levels: Theory and Evidence," CER-ETH Economics working paper series 11/154, CER-ETH - Center of Economic Research (CER-ETH) at ETH Zurich.
- Kashcheeva, Mila, 2013. "Political limits on the world oil trade : firm-level evidence from US firms," IDE Discussion Papers 401, Institute of Developing Economies, Japan External Trade Organization(JETRO).
- Boschini, Anne & Pettersson, Jan & Roine, Jesper, 2013.
"The Resource Curse and its Potential Reversal,"
World Development, Elsevier, vol. 43(C), pages 19-41.
- Boschini, Anne & Pettersson, Jan & Roine, Jesper, 2012. "The Resource Curse and its Potential Reversal," Working Paper Series 2012:17, Uppsala University, Department of Economics.
- Stefano Clo & Enrico Marvasi & Giorgio Ricchiuti, 2021. "The Internationalization of State-Owned Enterprises: An Analysis of cross-border M&As," Working Papers - Economics wp2021_06.rdf, Universita' degli Studi di Firenze, Dipartimento di Scienze per l'Economia e l'Impresa.
- Anthony P Cannizzaro, 0. "Social influence and MNE strategic response to political risk: A global network approach," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 0, pages 1-22.
- Vasilyeva, Olga & Libman, Alexander, 2020. "Varieties of authoritarianism matter: Elite fragmentation, natural resources and economic growth," European Journal of Political Economy, Elsevier, vol. 63(C).
- Girard, Victoire & Kudebayeva, Alma & Toews, Gerhard, 2020. "Inflated Expectations and Commodity Prices: Evidence from Kazakhstan," GLO Discussion Paper Series 469, Global Labor Organization (GLO), revised 2020.
- Chang, Roberto & Hevia, Constantino & Loayza, Norman, 2018.
"Privatization And Nationalization Cycles,"
Macroeconomic Dynamics, Cambridge University Press, vol. 22(2), pages 331-361, March.
- Chang, Roberto & Hevia, Constantino & Loayza, Norman, 2009. "Privatization and nationalization cycles," Policy Research Working Paper Series 5029, The World Bank.
- Roberto Chang & Constantino Hevia & Norman Loayza, 2010. "Privatization and Nationalization Cycles," NBER Working Papers 16126, National Bureau of Economic Research, Inc.
- Roberto Chang & Constantino Hevia & Norman Loayza, 2015. "Privatization and Nationalization Cycles," Working Papers 47, Peruvian Economic Association.
- Danielle Villa & Daniel Arnon & Dan Reiter, 2022. "Causes of Foreign-Imposed Regime Change: The Signal of Economic Expropriation," Journal of Conflict Resolution, Peace Science Society (International), vol. 66(4-5), pages 651-676, May.
- Kashcheeva, Mila & Tsui, Kevin K., 2014. "The effects of international politics on oil-exporting developing countries," IDE Discussion Papers 459, Institute of Developing Economies, Japan External Trade Organization(JETRO).
- Gilbert E. Metcalf & Catherine Wolfram, 2016.
"Cursed Resources? Political Conditions and Oil Market Outcomes,"
The Energy Journal, , vol. 37(1), pages 182-210, January.
- Gilbert E. Metcalf & Catherine Wolfram, 2015. "Cursed Resources? Political Conditions and Oil Market Outcomes," The Energy Journal, , vol. 36(3), pages 331-358, July.
- Gilbert E. Metcalf and Catherine Wolfram, 2015. "Cursed Resources? Political Conditions and Oil Market Outcomes," The Energy Journal, International Association for Energy Economics, vol. 0(Number 3).
- Gilbert E. Metcalf & Catherine Wolfram, 2010. "Cursed Resources? Political Conditions and Oil Market Outcomes," NBER Working Papers 16614, National Bureau of Economic Research, Inc.
- Gilbert E. Metcalf & Catherine Wolfram, 2010. "Cursed Resources? Political Conditions and Oil Market Outcomes," Discussion Papers Series, Department of Economics, Tufts University 0758, Department of Economics, Tufts University.
- Chen, Lirong & Gao, Feiyang & Guo, Tongtong & Huang, Xuanhao, 2023. "Mixed ownership reform and the short-term debt for long-term investment of non-state-owned enterprises: Evidence from China," International Review of Financial Analysis, Elsevier, vol. 90(C).
- van der Ploeg, Frederick & Rohner, Dominic, 2012.
"War and natural resource exploitation,"
European Economic Review, Elsevier, vol. 56(8), pages 1714-1729.
- Frederick Van der Ploeg & Dominic Rohner, 2010. "War and Natural Resource Exploitation," CESifo Working Paper Series 3244, CESifo.
- Frederick van der Ploeg & Dominic Rohner, 2010. "War and natural resource exploitation," IEW - Working Papers 481, Institute for Empirical Research in Economics - University of Zurich.
- Rick Van der Ploeg & Dominic Rohner, 2010. "War and Natural Resource Exploitation," OxCarre Working Papers 042, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
- 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.
- Jaakkola, Niko & Spiro, Daniel & van Benthem, Arthur A., 2019.
"Finders, keepers?,"
Journal of Public Economics, Elsevier, vol. 169(C), pages 17-33.
- Niko Jaakkola & Daniel Spiro, 2016. "Finders, Keepers?," Working Papers id:11118, eSocialSciences.
- Niko Jaakkola & Daniel Spiro & Arthur A. van Benthem, 2017. "Finders, Keepers?," CESifo Working Paper Series 6435, CESifo.
- Niko Jaakkola & Daniel Spiro & Arthur A. van Benthem, 2016. "Finders, Keepers?," Working Papers 201702, Oslo Metropolitan University, Oslo Business School.
- Niko Jaakkola & Daniel Spiro & Arthur A. van Benthem, 2016. "Finders, Keepers?," NBER Working Papers 22421, National Bureau of Economic Research, Inc.
- Mahdavi, Paasha, 2014. "Why do leaders nationalize the oil industry? The politics of resource expropriation," Energy Policy, Elsevier, vol. 75(C), pages 228-243.
- repec:cte:wbrepe:wb142304 is not listed on IDEAS
- Rodolphe Desbordes & Vincenzo Verardi, 2017. "Foreign Direct Investment and Democracy: A Robust Fixed Effects Approach to a Complex Relationship," Pacific Economic Review, Wiley Blackwell, vol. 22(1), pages 43-82, February.
- Eden, Maya & Kraay, Aart & Qian, Rong, 2012. "Sovereign defaults and expropriations : empirical regularities," Policy Research Working Paper Series 6218, The World Bank.
- Hajzler, Christopher, 2014.
"Resource-based FDI and expropriation in developing economies,"
Journal of International Economics, Elsevier, vol. 92(1), pages 124-146.
- Chris Hajzler, 2010. "Resource-based FDI and Expropriation in Developing Economies," Working Papers 1012, University of Otago, Department of Economics, revised Sep 2010.
- Paltseva, Elena & Toews , Gerhard & Troya-Martinez, Marta, 2022. "I’ll pay you later: Sustaining Relationships under the Threat of Expropriation," SITE Working Paper Series 59, Stockholm School of Economics, Stockholm Institute of Transition Economics.
- Kashcheeva, Mila & Tsui, Kevin K., 2014. "Why do oil importers diversify their import sources politically? : evidence from U.S. firm-level data," IDE Discussion Papers 458, Institute of Developing Economies, Japan External Trade Organization(JETRO).
- Stan du Plessis, 2011. "Nationalising South African mines: Back to a prosperous future, or down a rabbit hole?," Working Papers 17/2011, Stellenbosch University, Department of Economics.
- Hartwell, Christopher A. & Devinney, Timothy, 2021. "Populism, political risk, and pandemics: The challenges of political leadership for business in a post-COVID world," Journal of World Business, Elsevier, vol. 56(4).
- Jones, Sam & Tarp, Finn, 2016.
"Does foreign aid harm political institutions?,"
Journal of Development Economics, Elsevier, vol. 118(C), pages 266-281.
- Sam Jones & Finn Tarp, 2015. "Does foreign aid harm political institutions?," WIDER Working Paper Series wp-2015-094, World Institute for Development Economic Research (UNU-WIDER).
- repec:spo:wpmain:info:hdl:2441/106i379teb8moplr2gknsi2nfd is not listed on IDEAS
- Ahn, Daniel P. & Ludema, Rodney D., 2020.
"The sword and the shield: The economics of targeted sanctions,"
European Economic Review, Elsevier, vol. 130(C).
- Daniel P. Ahn & Rodney D. Ludema, 2019. "The sword and the shield: the economics of targeted sanctions," CESifo Working Paper Series 7620, CESifo.
- Ramin Dadasov & Carsten Hefeker & Oliver Lorz, 2014. "Natural Resource Production, Corruption, and Expropriation," MAGKS Papers on Economics 201436, Philipps-Universität Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
- Correia, Ricardo & Dubiel-Teleszynski, Tomasz & Población, Javier, 2019. "Anticipating individual bank rescues," Economic Modelling, Elsevier, vol. 82(C), pages 345-360.
- Chernykh, Lucy, 2011. "Profit or politics? Understanding renationalizations in Russia," Journal of Corporate Finance, Elsevier, vol. 17(5), pages 1237-1253.
- Vincent Arel-Bundock & Clint Peinhardt & Amy Pond, 2020. "Political Risk Insurance: A New Firm-level Data Set," Journal of Conflict Resolution, Peace Science Society (International), vol. 64(5), pages 987-1006, May.
- Robert Gibbons & Rebecca Henderson, 2012. "Relational Contracts and Organizational Capabilities," Organization Science, INFORMS, vol. 23(5), pages 1350-1364, October.
- Art Durnev & Sergei Guriev, 2007.
"The Resource Curse: A Corporate Transparency Channel,"
Working Papers
w0108, New Economic School (NES).
- Art Durnev & Sergei Guriev, 2007. "The Resource Curse: A Corporate Transparency Channel," Working Papers w0108, Center for Economic and Financial Research (CEFIR).
- Guriev, Sergei & Durnev, Art, 2007. "The Resource Curse: A Corporate Transparency Channel," CEPR Discussion Papers 6547, C.E.P.R. Discussion Papers.
- Art Durnev & Sergei Guriev, 2011. "Resource Curse: A Corporate Transparency Channel," Working Papers hal-03473798, HAL.
- Van Noort, S., 2017. "Causes and Effects of Private Property Rights Security," Cambridge Working Papers in Economics 1746, Faculty of Economics, University of Cambridge.
- Alexeev, Michael & Weber, Shlomo (ed.), 2013. "The Oxford Handbook of the Russian Economy," OUP Catalogue, Oxford University Press, number 9780199759927.
- Jørgen Juel Andersen & Niels Johannesen & David Dreyer Lassen & Elena Paltseva, 2017. "Petro Rents, Political Institutions, and Hidden Wealth: Evidence from Offshore Bank Accounts," Journal of the European Economic Association, European Economic Association, vol. 15(4), pages 818-860.
- Vining, Aidan R. & Moore, Mark A., 2017. "Potash ownership and extraction: Between a rock and a hard place in Saskatchewan," Resources Policy, Elsevier, vol. 54(C), pages 71-80.
- Restrepo Ochoa, Diana C. & Correia, Ricardo & Peña, Juan Ignacio & Población, Javier, 2015.
"Expropriation risk, investment decisions and economic sectors,"
Economic Modelling, Elsevier, vol. 48(C), pages 326-342.
- Población, Javier, 2014. "Expropriation risk, investment decisions and economic sectors," DEE - Working Papers. Business Economics. WB wb142309, Universidad Carlos III de Madrid. Departamento de EconomÃa de la Empresa.
- Mohammad Kemal & Ian Lange, 2016. "Changes in Institutional Design, Expropriation Risk and Extraction Path," Working Papers 2016-06, Colorado School of Mines, Division of Economics and Business.
- Steven G. Medema, 2020. "The Coase Theorem at Sixty," Journal of Economic Literature, American Economic Association, vol. 58(4), pages 1045-1128, December.
- Byrne, Conor & Oostdijk, Maartje & Agnarsson, Sveinn & Davidsdottir, Brynhildur, 2024. "The Transitional Gains Trap in Grandfathered Individual Transferable Quota Fisheries," Ecological Economics, Elsevier, vol. 215(C).
- repec:spo:wpmain:info:hdl:2441/5um2bhne3f862raaulvoogm15e is not listed on IDEAS
- Christopher Hajzler & Jonathan Rosborough, 2016. "Government Corruption and Foreign Direct Investment Under the Threat of Expropriation," Staff Working Papers 16-13, Bank of Canada.
- Çakir Melek, Nida, 2020.
"Productivity, Nationalization, And The Role Of “News”: Lessons From The 1970s,"
Macroeconomic Dynamics, Cambridge University Press, vol. 24(5), pages 1264-1298, July.
- Nida Çakır Melek, 2014. "Productivity, nationalization, and the role of \"news\": lessons from the 1970s," Research Working Paper RWP 14-6, Federal Reserve Bank of Kansas City.
- Maravillo, Héctor & Camacho-Vallejo, José-Fernando & Puerto, Justo & Labbé, Martine, 2020. "A market regulation bilevel problem: A case study of the Mexican petrochemical industry," Omega, Elsevier, vol. 97(C).
- Anthony P Cannizzaro, 2020. "Social influence and MNE strategic response to political risk: A global network approach," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 51(5), pages 829-850, July.
- Jones, Sam & Tarp, Finn, 2016.
"Does foreign aid harm political institutions?,"
Journal of Development Economics,
Elsevier, vol. 118(C), pages 266-281.
- Sam Jones & Finn Tarp, 2015. "Does foreign aid harm political institutions?," WIDER Working Paper Series 094, World Institute for Development Economic Research (UNU-WIDER).
- World Bank, 2011. "Russia : Reshaping Economic Geography," World Bank Publications - Reports 13052, The World Bank Group.
- Ramin Dadasov & Carsten Hefeker & Oliver Lorz, 2017. "Natural resource extraction, corruption, and expropriation," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 153(4), pages 809-832, November.
- Clò, Stefano & Marvasi, Enrico & Ricchiuti, Giorgio, 2023. "State-owned Enterprises in the global market: Varieties of government control and internationalization strategies," Structural Change and Economic Dynamics, Elsevier, vol. 64(C), pages 25-40.
- Rodriguez Acosta, Mauricio, 2016. "Essays in political economy and resource economic : A macroeconomic approach," Other publications TiSEM 1e39ef1b-43a2-4f95-892c-6, Tilburg University, School of Economics and Management.
- Gurvich, Evsey, 2016. "Institutional constraints and economic development," Russian Journal of Economics, Elsevier, vol. 2(4), pages 349-374.
- Restrepo, Diana & Correia, Ricardo & Población, Javier, 2012. "Political risk and corporate investment decisions," DEE - Working Papers. Business Economics. WB 13114, Universidad Carlos III de Madrid. Departamento de EconomÃa de la Empresa.
- Matutinovic, Igor, 2009. "Oil and the political economy of energy," Energy Policy, Elsevier, vol. 37(11), pages 4251-4258, November.
- Lorraine Eden & Charles F. Hermann & Stewart R. Miller, . "Evidence-based policymaking in a VUCA world," UNCTAD Transnational Corporations Journal, United Nations Conference on Trade and Development.
- Matthew Costello, 2018. "Oil and Gas Rents and Civilian Violence in the Middle East and North Africa, 1990–2004: A Resource Curse, or Rentier Peace?," Social Sciences, MDPI, vol. 7(3), pages 1-20, March.
- Brunnschweiler, Christa N. & Valente, Simone, 2013.
"Property Rights, Oil and Income Levels: Over a Century of Evidence,"
MPRA Paper
52203, University Library of Munich, Germany.
- Christa N. Brunnschweiler & Simone Valente, 2013. "Property Rights, Oil and Income Levels: Over a Century of Evidence," Working Paper Series 15613, Department of Economics, Norwegian University of Science and Technology.
- repec:hal:spmain:info:hdl:2441/5um2bhne3f862raaulvoogm15e is not listed on IDEAS
- Ostrowski, Wojciech, 2023. "The twilight of resource nationalism: From cyclicality to singularity?," Resources Policy, Elsevier, vol. 83(C).
- Gunton, Cameron & Gunton, Thomas & Batson, Joshua & Markey, Sean & Dale, Daniel, 2021.
"Designing fiscal regimes for impact benefit agreements,"
Resources Policy, Elsevier, vol. 72(C).
- repec:hal:spmain:info:hdl:2441/106i379teb8moplr2gknsi2nfd is not listed on IDEAS
- Feng, Xunan & Johansson , Anders C. & Wang, Ying, 2018. "Strengthened State Capitalism: Nationalized Firms in China," Stockholm School of Economics Asia Working Paper Series 2018-51, Stockholm School of Economics, Stockholm China Economic Research Institute.
- Kalyuzhnova, Yelena & Nygaard, Christian, 2009. "Resource nationalism and credit growth in FSU countries," Energy Policy, Elsevier, vol. 37(11), pages 4700-4710, November.
- Christopher Hajzler, 2012. "Expropriation of foreign direct investments: sectoral patterns from 1993 to 2006," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 148(1), pages 119-149, April.
- Chris Hajzler, 2010. "Expropriation of Foreign Direct Investments: Sectoral Patterns from 1993 to 2006," Working Papers 1011, University of Otago, Department of Economics, revised Sep 2010.
- Sergey Mityakov & Heiwai Tang & Kevin K. Tsui, 2013. "International Politics and Import Diversification," Journal of Law and Economics, University of Chicago Press, vol. 56(4), pages 1091-1121.
- Clò, Stefano & Fiorio, Carlo V. & Florio, Massimo, 2017. "The targets of state capitalism: evidence from M&A deals," European Journal of Political Economy, Elsevier, vol. 47(C), pages 61-74.
- Daniel Treisman, 2010. "Oil and Democracy in Russia," NBER Working Papers 15667, National Bureau of Economic Research, Inc.
- Sylvain Rossiaud, 2014. "Opening the upstream oil industry to private companies," Working Papers halshs-00960681, HAL.
- Ganbold, Misheelt & Ali, Saleem H., 2017. "The peril and promise of resource nationalism: A case analysis of Mongolia's mining development," Resources Policy, Elsevier, vol. 53(C), pages 1-11.
- Del Bo, Chiara D. & Ferraris, Matteo & Florio, Massimo, 2017. "Governments in the market for corporate control: Evidence from M&A deals involving state-owned enterprises," Journal of Comparative Economics, Elsevier, vol. 45(1), pages 89-109.
- Cosset, Jean-Claude & Durnev, Art & Oliveira dos Santos, Igor, 2020. "Privatization and state ownership of natural advantage industries," The Quarterly Review of Economics and Finance, Elsevier, vol. 76(C), pages 68-83.
- Restrepo-Ochoa, Diana Constanza & Peña, Juan Ignacio, 2020. "The impact of forced divestments on parent company stock prices: Buy on the rumor, sell on the news?," Research in International Business and Finance, Elsevier, vol. 53(C).
- Noort, S., 2018. "The Importance of E ective States: State Capacity and Economic Development," Cambridge Working Papers in Economics 1821, Faculty of Economics, University of Cambridge.
- Monaldi, Francisco & Hernández, Igor & La Rosa Reyes, José, 2021. "The collapse of the Venezuelan oil industry: The role of above-ground risks limiting foreign investment," Resources Policy, Elsevier, vol. 72(C).
- Mohammad Kemal, 2016. "Ownership Rights versus Access Rights Allocation to Critical Resources: An Empirical Study of the Economic Impact of Changes in Oil Governance," Working Papers 2016-02, Colorado School of Mines, Division of Economics and Business.
- Nathan M. Jensen & Noel P. Johnston & Chia-yi Lee & Hadi Sahin, 2020. "Crisis and contract breach: The domestic and international determinants of expropriation," The Review of International Organizations, Springer, vol. 15(4), pages 869-898, October.
- Kaznacheev, Peter, 2013. "Resource Rents and Economic Growth: Economic and institutional development in countries with a high share of income from the sale of natural resources. Analysis and recommendations based on internatio," EconStor Research Reports 121950, ZBW - Leibniz Information Centre for Economics.
- Anthony P Cannizzaro & Robert J Weiner, 2018. "State ownership and transparency in foreign direct investment," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 49(2), pages 172-195, February.
- Correia, Ricardo & Dubiel-Teleszynski, Tomasz & Población García, Francisco Javier, 2017. "A structural model to study the bail-out process in a bank and its macro-prudential policy implications," Working Paper Series 2110, European Central Bank.