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Cited by 173

The DOI matches its Crossref record; 1 of the 1 references it cites were found in a registry or an index.

Private Investment and Political Institutions

Open access
Stasavage, David·2002·Economics & Politics

Abstract

Recent research has demonstrated a negative link between macroeconomic and political uncertainty and levels of private investment across countries. This raises the question whether certain types of government institutions might help reduce this uncertainty. North and Weingast (1989) propose that political institutions characterized by checks and balances can have beneficial effects on investment by allowing governments to credibly commit not to engage in ex post opportunism with respect to investors. In this paper I develop and test a modified version of their hypothesis, suggesting that checks and balances, on average, improve possibilities for commitment, but that they are not a necessary condition for doing so. Results of heteroskedastic regression and quantile regression estimates strongly support this proposition.

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Metadata

Authors
Stasavage, D.
Venue
Economics & Politics
Publisher
Wiley
Published
2002-01
Volume
14
Issue
1
Pages
41-63
ISSN
  • 0954-1985 (ISSN-L)
  • 1468-0343
OpenAlex
W1986439137
Cited by
173
References
1
FWCI
35.15
Type
journal article
Language
en
Open access
green

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CoChat. (2026). Citation check: Private Investment and Political Institutions. https://app.cochat.ai/papers/10.1111/1468-0343.00099
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Stasavage, D. (2002). Private Investment and Political Institutions. Economics & Politics. https://doi.org/10.1111/1468-0343.00099

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