Political regime and FDI from advanced to emerging countries created by Selen S. Guerin and Stefano Manzocchi
Material type: TextSeries: Review of World Economics ; Volume 145, number 1London: Springer, 2015Content type:- text
- unmediated
- volume
- 16102878
- HF1351 REV
Item type | Current library | Call number | Vol info | Copy number | Status | Notes | Date due | Barcode | |
---|---|---|---|---|---|---|---|---|---|
Journal Article | Main Library - Special Collections | HF1351 REV (Browse shelf(Opens below)) | Vol. 145, no. 1 (pages 75-92) | SP3242 | Not for loan | For in house use |
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.
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