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http://hdl.handle.net/10419/19287
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| Title: | | Political Risk, Institutions and Foreign Direct Investment  |
| Authors: | | Hefeker, Carsten Busse, Matthias |
| Issue Date: | | 2005 |
| Series/Report no.: | | HWWA Discussion Paper 315 |
| Abstract: | | The paper explores the linkages between political risk, institutions and foreign direct investment inflows. Using different econometric techniques for a data sample of 83 developing countries and the period 1984 to 2003, we identify those indicators that matter most for the activities of multinational corporations. Overall, 12 different indicators for political risk and institutions are employed in the empirical analysis. The results show that government stability, the absence of internal conflict and ethnic tensions, basic democratic rights and ensuring law and order are highly significant determinants of foreign investment inflows. |
| Subjects: | | Political Risk Institutions FDI Multinational Corporations |
| JEL: | | C31 F21 F23 C33 |
| Document Type: | | Working Paper |
| Appears in Collections: | | HWWA Discussion Paper, Hamburgisches Welt-Wirtschafts-Archiv
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