In an increasing number of sectors, concerns are rising that foreign firm participation may pose risks to public order. Many developed countries have adopted or extended their investment screening mechanisms to control inward foreign direct investment in strategically important sectors over the...

Openness to foreign investments is associated with risks. To mitigate these risks, many high-income countries have strengthened the control of foreign investments over the last decade in an increasing number of sectors considered critical. Investment screening distorts the market for...

Openness to foreign investments is associated with risks. To mitigate these risks, many high-income countries have strengthened the control of foreign investments over the last decade in an increasing number of sectors considered critical. Investment screening distorts the market for...

This paper considers the relationship between democratic accountability in de- veloping countries and the policies they use to attract foreign direct investment (FDI). We isolate two policy areas that governments of developing countries use to attract FDI: the tax burden on firms and the...

This paper explores the micro-foundations of public policy over environmental protection in developing economies by examining individual-level preferences for economically costly pollution abatement. The paper empirically investigates individuals' marginal willingness to pay (MWTP) for stronger...

Previous research has shown that more democratic countries suffered greater COVID-19 deaths per capita and implemented policy measures that were less effective at reducing deaths than less democratic countries in the early stages of the pandemic (Cepaluni et al. 2020, Cheibub et al. 2020). But...

This paper quantitatively explores determinants of governments' non-pharmaceutical policy responses to the COVID-19 pandemic. Our focus is on the extent to which geographic mobility affected the stringency of governmental policy responses. Using daily data since the beginning of 2020, we find...

This paper provides a political economic analysis of policy learning. We formally argue that Randomized Controlled Trials (RCTs) help to secure the legacy of a policy reform, which is more valuable for incumbents in politically polarized societies. We empirically examine the derived hypotheses...