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Resource Windfalls, Political Regimes, and Political Stability
Caselli, Francesco - 2011
We study theoretically and empirically whether natural resource windfalls affect political regimes. We document the following regularities. Natural resource windfalls have no effect on the political system when they occur in democracies. However, windfalls have significant political consequences...
Persistent link: https://www.econbiz.de/10013117944
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Hit or Miss? The Effect of Assassinations on Institutions and War
Jones, Benjamin F. - 2007
all world leaders from 1875 to 2004, we exploit inherent randomness in the success or failure of assassination attempts to … toward democracy. We also find that assassinations affect the intensity of small-scale conflicts. The results document a …
Persistent link: https://www.econbiz.de/10012776946
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Quantifying Productivity Gains from Foreign Investment
Fons-Rosen, Christian - 2013
We revisit the relationship between foreign investment and productivity of acquired firms. First, we construct a panel firm-level dataset for eight advanced European countries covering domestic and foreign acquisitions together with detailed balance sheet information for the years 1999{2012....
Persistent link: https://www.econbiz.de/10013084722
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Intra-Industry Foreign Direct Investment
Alfaro, Laura - 2010
We use a new firm level data set that establishes the location, ownership, and activity of 650,000 multinational subsidiaries -- close to a comprehensive picture of global multinational activity. A number of patterns emerge from the data. Most foreign direct investment (FDI) occurs between rich...
Persistent link: https://www.econbiz.de/10012759786
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Host-Country Financial Development and Multinational Activity
Bilir, Kamran - 2014
This paper evaluates the influence of host-country financial conditions on the global operations of multinational firms. Using detailed U.S. data, we establish that financial development in a country is associated with relatively more entry by multinational affiliates, as well as with higher...
Persistent link: https://www.econbiz.de/10013055496
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Multinational Enterprises, International Trade, and Productivity Growth : Firm-Level Evidence from the United States
Keller, Wolfgang; Yeaple, Stephen R. - 2021
We estimate international technology spillovers to U.S. manufacturing firms via imports and foreign direct investment (FDI) between the years of 1987 and 1996. In contrast to earlier work, our results suggest that FDI leads to significant productivity gains for domestic firms. The size of FDI...
Persistent link: https://www.econbiz.de/10013222892
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Poverty, Political Freedom, and the Roots of Terrorism
Abadie, Alberto - 2021
-specific characteristics such as the level of political freedom are taken into account. Political freedom is shown to explain terrorism, but it … does so in a non-monotonic way: countries in some intermediate range of political freedom are shown to be more prone to … terrorism than countries with high levels of political freedom or countries with highly authoritarian regimes. This result …
Persistent link: https://www.econbiz.de/10013243972
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Democracy, Redistribution and Inequality
Acemoglu, Daron - 2013
In this paper we revisit the relationship between democracy, redistribution and inequality. We first explain the … theoretical reasons why democracy is expected to increase redistribution and reduce inequality, and why this expectation may fail … to be realized when democracy is captured by the richer segments of the population; when it caters to the preferences of …
Persistent link: https://www.econbiz.de/10013071520
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Democracy Does Cause Growth
Acemoglu, Daron - 2014
We provide evidence that democracy has a significant and robust positive effect on GDP. Our empirical strategy relies … on a dichotomous measure of democracy coded from several sources to reduce measurement error and controls for country … fixed effects and the rich dynamics of GDP, which otherwise confound the effect of democracy on economic growth. Our …
Persistent link: https://www.econbiz.de/10013056591
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Forms of Democracy, Policy and Economic Development
Persson, Torsten - 2022
of democracy (rather than democracy vs. non-democracy) has important consequences for the adoption of structural polices … opposed to majoritarian) and permanent (as opposed to temporary) democracy appear to produce the most growth …
Persistent link: https://www.econbiz.de/10014066490