Showing 1 - 8 of 8
Persistent link: https://www.econbiz.de/10011507374
Persistent link: https://www.econbiz.de/10011559353
Persistent link: https://www.econbiz.de/10012296536
I examine the role of political instability as a potential explanation for the lack of capital flows from rich countries to poor countries (i.e. the `Lucas Paradox'). Using panel data from 1984 to 2014, I document the following: (i) developed countries exhibit larger inflows of foreign direct...
Persistent link: https://www.econbiz.de/10012455975
Persistent link: https://www.econbiz.de/10003631071
In this article, we describe some stylized facts about expropriation of Foreign Direct Investment (FDI) and develop a theory that relates direct and indirect forms of expropriation to the degree of political instability (the frequency at which groups alternate in power) and concentration of...
Persistent link: https://www.econbiz.de/10013064938
I examine the role of political instability as a potential explanation for the lack of capital flows from rich countries to poor countries (i.e. the `Lucas Paradox'). Using panel data from 1984 to 2014, I document the following: (i) developed countries exhibit larger inflows of foreign direct...
Persistent link: https://www.econbiz.de/10012982015
This paper documents that countries with low political turnover exhibit larger inflows of foreign direct investment. This correlation is rationalized with a model of redistribution, where policymakers have access to an expropriation technology that can be used to extract resources from foreign...
Persistent link: https://www.econbiz.de/10014129803