메뉴 건너뛰기




Volumn 23, Issue 2, 2007, Pages 397-415

Political risk, institutions and foreign direct investment

Author keywords

Foreign direct investment; Institutions; Multinational corporations; Political risk

Indexed keywords


EID: 34249029695     PISSN: 01762680     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.ejpoleco.2006.02.003     Document Type: Article
Times cited : (918)

References (43)
  • 1
    • 0141974972 scopus 로고    scopus 로고
    • Volatility, employment and the patterns of FDI in emerging markets
    • Aizenman J. Volatility, employment and the patterns of FDI in emerging markets. Journal of Development Economics 72 (2003) 585-601
    • (2003) Journal of Development Economics , vol.72 , pp. 585-601
    • Aizenman, J.1
  • 3
    • 84881844837 scopus 로고
    • Some tests of specification for panel data: Monte Carlo evidence and an application to employment equations
    • Arellano M., and Bond S. Some tests of specification for panel data: Monte Carlo evidence and an application to employment equations. Review of Economic Studies 58 (1991) 277-297
    • (1991) Review of Economic Studies , vol.58 , pp. 277-297
    • Arellano, M.1    Bond, S.2
  • 4
    • 0036139214 scopus 로고    scopus 로고
    • On the determinants of foreign direct investment to developing countries: is Africa different?
    • Asiedu E. On the determinants of foreign direct investment to developing countries: is Africa different?. World Development 30 (2002) 107-119
    • (2002) World Development , vol.30 , pp. 107-119
    • Asiedu, E.1
  • 6
    • 20944448596 scopus 로고    scopus 로고
    • Investment and institutional uncertainty: a comparative study of different uncertainty measures
    • Brunetti A., and Weder B. Investment and institutional uncertainty: a comparative study of different uncertainty measures. Weltwirtschaftliches Archiv 134 (1998) 513-533
    • (1998) Weltwirtschaftliches Archiv , vol.134 , pp. 513-533
    • Brunetti, A.1    Weder, B.2
  • 7
    • 1542348239 scopus 로고    scopus 로고
    • Transnational corporations and repression of political rights and civil liberties: an empirical analysis
    • Busse M. Transnational corporations and repression of political rights and civil liberties: an empirical analysis. Kyklos 57 (2004) 45-66
    • (2004) Kyklos , vol.57 , pp. 45-66
    • Busse, M.1
  • 8
    • 0032342866 scopus 로고    scopus 로고
    • A note on political risk and the required return on foreign direct investment
    • Butler K., and Joaquin D. A note on political risk and the required return on foreign direct investment. Journal of International Business Studies 29 (1998) 599-608
    • (1998) Journal of International Business Studies , vol.29 , pp. 599-608
    • Butler, K.1    Joaquin, D.2
  • 9
    • 33645933802 scopus 로고    scopus 로고
    • Does foreign direct investment accelerate economic growth?
    • Moran T., Graham E., and Blomström M. (Eds), Institute for International Economics, Washington, DC
    • Carkovic M., and Levine R. Does foreign direct investment accelerate economic growth?. In: Moran T., Graham E., and Blomström M. (Eds). Does Foreign Direct Investment Promote Development? (2005), Institute for International Economics, Washington, DC 195-220
    • (2005) Does Foreign Direct Investment Promote Development? , pp. 195-220
    • Carkovic, M.1    Levine, R.2
  • 10
    • 0034972884 scopus 로고    scopus 로고
    • The determinants of foreign direct investment: sensitivity analyses of cross-country regressions
    • Chakrabarti A. The determinants of foreign direct investment: sensitivity analyses of cross-country regressions. Kyklos 54 (2001) 89-113
    • (2001) Kyklos , vol.54 , pp. 89-113
    • Chakrabarti, A.1
  • 11
    • 0142166689 scopus 로고    scopus 로고
    • Political hazards, experience, and sequential entry strategies: the international expansion of Japanese firms, 1980-1998
    • Delios A., and Henisz W. Political hazards, experience, and sequential entry strategies: the international expansion of Japanese firms, 1980-1998. Strategic Management Journal 24 (2003) 1153-1164
    • (2003) Strategic Management Journal , vol.24 , pp. 1153-1164
    • Delios, A.1    Henisz, W.2
  • 12
    • 66049087363 scopus 로고    scopus 로고
    • National policies and economic growth: a reappraisal
    • Aghion P., and Durlauf S.N. (Eds), Elsevier
    • Easterly W. National policies and economic growth: a reappraisal. In: Aghion P., and Durlauf S.N. (Eds). Handbook of Economic Growth vol. 1A (2005), Elsevier
    • (2005) Handbook of Economic Growth , vol.1 A
    • Easterly, W.1
  • 13
    • 0040153325 scopus 로고    scopus 로고
    • Africa's growth tragedy: policies and ethnic divisions
    • Easterly W., and Levine R. Africa's growth tragedy: policies and ethnic divisions. Quarterly Journal of Economics 112 (1997) 1203-1250
    • (1997) Quarterly Journal of Economics , vol.112 , pp. 1203-1250
    • Easterly, W.1    Levine, R.2
  • 14
    • 28444435533 scopus 로고    scopus 로고
    • Evidence on corruption as an incentive for foreign direct investment
    • Egger P., and Winner H. Evidence on corruption as an incentive for foreign direct investment. European Journal of Political Economy 21 (2005) 932-952
    • (2005) European Journal of Political Economy , vol.21 , pp. 932-952
    • Egger, P.1    Winner, H.2
  • 15
    • 34248994571 scopus 로고    scopus 로고
    • Institutions and the external capital structure of countries
    • International Monetary Fund, Washington DC
    • Faria A., and Mauro P. Institutions and the external capital structure of countries. IMF Working Paper vol. 04/236 (2004), International Monetary Fund, Washington DC
    • (2004) IMF Working Paper , vol.4 , Issue.236
    • Faria, A.1    Mauro, P.2
  • 16
    • 0032123336 scopus 로고    scopus 로고
    • Host country reforms and FDI inflows: how much difference do they make?
    • Gastanaga V., Nugent J., and Pashamova B. Host country reforms and FDI inflows: how much difference do they make?. World Development 26 (1998) 1299-1314
    • (1998) World Development , vol.26 , pp. 1299-1314
    • Gastanaga, V.1    Nugent, J.2    Pashamova, B.3
  • 17
    • 1542734613 scopus 로고    scopus 로고
    • Transparency and international investor behaviour
    • National Bureau of Economic Research, Cambridge MA
    • Gelos G., and Wie S.-J. Transparency and international investor behaviour. NBER Working Paper vol. 9260 (2002), National Bureau of Economic Research, Cambridge MA
    • (2002) NBER Working Paper , vol.9260
    • Gelos, G.1    Wie, S.-J.2
  • 18
    • 0036257368 scopus 로고    scopus 로고
    • Political risk and equity investment in developing countries
    • Harms P. Political risk and equity investment in developing countries. Applied Economics Letters 9 (2002) 377-380
    • (2002) Applied Economics Letters , vol.9 , pp. 377-380
    • Harms, P.1
  • 19
    • 0036793593 scopus 로고    scopus 로고
    • Do civil and political repression really boost foreign direct investment?
    • Harms P., and Ursprung H. Do civil and political repression really boost foreign direct investment?. Economic Inquiry 40 (2002) 651-663
    • (2002) Economic Inquiry , vol.40 , pp. 651-663
    • Harms, P.1    Ursprung, H.2
  • 20
    • 0000250716 scopus 로고
    • Specification tests in econometrics
    • Hausman J. Specification tests in econometrics. Econometrica 46 (1978) 1251-1271
    • (1978) Econometrica , vol.46 , pp. 1251-1271
    • Hausman, J.1
  • 21
    • 0034359528 scopus 로고    scopus 로고
    • The institutional environment for multinational investment
    • Henisz W. The institutional environment for multinational investment. Journal of Law, Economics, and Organization 16 (2000) 334-364
    • (2000) Journal of Law, Economics, and Organization , vol.16 , pp. 334-364
    • Henisz, W.1
  • 22
    • 0036232528 scopus 로고    scopus 로고
    • The institutional environment for infrastructure investment
    • Henisz W. The institutional environment for infrastructure investment. Industrial and Corporate Change 11 (2002) 355-389
    • (2002) Industrial and Corporate Change , vol.11 , pp. 355-389
    • Henisz, W.1
  • 23
    • 0041378124 scopus 로고    scopus 로고
    • Democratic governance and multinational corporations: political regimes and inflows of foreign direct investment
    • Jensen N. Democratic governance and multinational corporations: political regimes and inflows of foreign direct investment. International Organization 57 (2003) 587-616
    • (2003) International Organization , vol.57 , pp. 587-616
    • Jensen, N.1
  • 24
    • 0001906032 scopus 로고    scopus 로고
    • The determinants of foreign direct investment in developing countries
    • Jun K., and Singh H. The determinants of foreign direct investment in developing countries. Transnational Corporations 5 (1996) 67-105
    • (1996) Transnational Corporations , vol.5 , pp. 67-105
    • Jun, K.1    Singh, H.2
  • 26
    • 78149369783 scopus 로고    scopus 로고
    • What does political economy tell us about economic development - and vice versa?
    • The World Bank, Washington DC
    • Keefer P. What does political economy tell us about economic development - and vice versa?. Policy Research Working Paper vol. 3250 (2004), The World Bank, Washington DC
    • (2004) Policy Research Working Paper , vol.3250
    • Keefer, P.1
  • 27
    • 0030542954 scopus 로고    scopus 로고
    • Intellectual property protection and U.S. foreign direct investment
    • Lee J.-Y., and Mansfield E. Intellectual property protection and U.S. foreign direct investment. Review of Economics and Statistics 78 (1996) 181-186
    • (1996) Review of Economics and Statistics , vol.78 , pp. 181-186
    • Lee, J.-Y.1    Mansfield, E.2
  • 28
    • 0043161723 scopus 로고    scopus 로고
    • Reversal of fortunes: democratic institutions and foreign direct investment inflows to developing countries
    • Li Q., and Resnick A. Reversal of fortunes: democratic institutions and foreign direct investment inflows to developing countries. International Organization 57 (2003) 175-211
    • (2003) International Organization , vol.57 , pp. 175-211
    • Li, Q.1    Resnick, A.2
  • 29
    • 0003293440 scopus 로고    scopus 로고
    • The location and characteristics of US affiliates in Asia
    • National Bureau of Economic Research, Cambridge MA
    • Lipsey R. The location and characteristics of US affiliates in Asia. NBER Working Paper vol. 6876 (1999), National Bureau of Economic Research, Cambridge MA
    • (1999) NBER Working Paper , vol.6876
    • Lipsey, R.1
  • 30
    • 85132287398 scopus 로고
    • Policy and non-policy determinants of U.S. equity foreign direct investment
    • Loree D., and Guisinger S. Policy and non-policy determinants of U.S. equity foreign direct investment. Journal of International Business Studies 26 (1995) 281-300
    • (1995) Journal of International Business Studies , vol.26 , pp. 281-300
    • Loree, D.1    Guisinger, S.2
  • 31
  • 32
    • 1642293005 scopus 로고    scopus 로고
    • Effects of financial globalization on developing countries: some empirical evidence
    • International Monetary Fund, Washington DC
    • Prasad E., Rogoff K., Wei S.-J., and Kose A. Effects of financial globalization on developing countries: some empirical evidence. IMF Occasional Paper vol. 220 (2003), International Monetary Fund, Washington DC
    • (2003) IMF Occasional Paper , vol.220
    • Prasad, E.1    Rogoff, K.2    Wei, S.-J.3    Kose, A.4
  • 33
    • 34249055560 scopus 로고    scopus 로고
    • PRS Group, 2005a. About ICRG: the political risk rating. Internet posting: http://www.icrgonline.com/page.aspx?page=icrgmethods.
  • 34
    • 34249011462 scopus 로고    scopus 로고
    • PRS Group, 2005b. International country risk guide: political risk (Table 3b). Internet posting: http://www.icrgonline.com/default.aspx.
  • 35
    • 2942672387 scopus 로고    scopus 로고
    • Institutions rule: the primacy of institutions over geography and integration in economic development
    • Rodrik D., Subramanian A., and Trebbi F. Institutions rule: the primacy of institutions over geography and integration in economic development. Journal of Economic Growth 9 (2004) 131-165
    • (2004) Journal of Economic Growth , vol.9 , pp. 131-165
    • Rodrik, D.1    Subramanian, A.2    Trebbi, F.3
  • 36
    • 0022226456 scopus 로고
    • Economic and political determinants of foreign direct investment
    • Schneider F., and Frey B. Economic and political determinants of foreign direct investment. World Development 13 (1985) 161-175
    • (1985) World Development , vol.13 , pp. 161-175
    • Schneider, F.1    Frey, B.2
  • 37
    • 0036187245 scopus 로고    scopus 로고
    • Private investment and political institutions
    • Stasavage D. Private investment and political institutions. Economics and Politics 14 (2002) 41-63
    • (2002) Economics and Politics , vol.14 , pp. 41-63
    • Stasavage, D.1
  • 38
    • 34249003678 scopus 로고    scopus 로고
    • UNCTAD, 2005. Foreign direct investment database (online). Internet Posting: http://www.unctad.org/Templates/Page.asp?intItemID=1923&lang=1.
  • 39
    • 0034387414 scopus 로고    scopus 로고
    • How taxing is corruption on international investors?
    • Wei S.-J. How taxing is corruption on international investors?. Review of Economics and Statistics 82 (2000) 1-11
    • (2000) Review of Economics and Statistics , vol.82 , pp. 1-11
    • Wei, S.-J.1
  • 40
    • 0027098446 scopus 로고
    • International investment location decisions: the case of U.S. firms
    • Wheeler D., and Mody A. International investment location decisions: the case of U.S. firms. Journal of International Economics 33 (1992) 57-76
    • (1992) Journal of International Economics , vol.33 , pp. 57-76
    • Wheeler, D.1    Mody, A.2
  • 41
    • 0000095552 scopus 로고
    • A heteroskedasticity-consistent covariance matrix estimator and a direct test for heteroskedasticity
    • White H. A heteroskedasticity-consistent covariance matrix estimator and a direct test for heteroskedasticity. Econometrica 48 (1980) 817-838
    • (1980) Econometrica , vol.48 , pp. 817-838
    • White, H.1
  • 42
    • 34249074053 scopus 로고    scopus 로고
    • World Bank, 2005. World Development Indicators 2005. Data on CD-ROM, World Bank, Washington, DC.


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.