Méon, Pierre-Guillaume; Sekkat, Khalid - In: World Development 40 (2012) 11, pp. 2194-2205
Studies of the impact of local political risk on foreign direct investment inflows overlook that worldwide FDI comes in waves. Using a simple model we show that the impact of political risk on FDI inflows is likely to be weaker, the larger the worldwide amount of FDI, which may question standard...