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 accessAbstract
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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Cites
North, D. C., & Weingast, B. R. (1989) · The Journal of Economic History · doi:10.1017/s0022050700009451 · Cited by 5,300
Cited by
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Busse, M., & Hefeker, C. (2007) · European Journal of Political Economy · doi:10.1016/j.ejpoleco.2006.02.003 · Cited by 1,606
The quality of institutions and foreign direct investment
DAUDE, C., & STEIN, E. (2007) · Economics & Politics · doi:10.1111/j.1468-0343.2007.00318.x · Cited by 670
Political Risk, Institutions and Foreign Direct Investment
Busse, M., & Hefeker, C. (2005) · SSRN Electronic Journal · doi:10.2139/ssrn.704283 · Cited by 309
A Simple Multivariate Test for Asymmetric Hypotheses
Clark, W. R., Gilligan, M. J., & Golder, M. (2006) · Political Analysis · doi:10.1093/pan/mpj018 · Cited by 120
The Politics of Foreign Direct Investment in Authoritarian Regimes
Bastiaens, I. (2016) · International Interactions · doi:10.1080/03050629.2015.1065699 · Cited by 29
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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