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http://hdl.handle.net/10419/19312
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| Title: | | Democracy and FDI  |
| Authors: | | Busse, Matthias |
| Issue Date: | | 2003 |
| Series/Report no.: | | HWWA Discussion Paper 220 |
| Abstract: | | Many believe that multinational enterprises insensitively ignore political rights and civil liberties in the countries of their investments. Frequently, non-governmental organisations accuse multinationals of fostering repressive regimes in developing countries and consider foreign direct investment (FDI) as a tool of exploitation. This paper tries to examine empirically the complex relationship between democracy and FDI in a systematic way, using cross-sectional and panel data analysis. The results indicate that – on average – investments by multinationals are significantly higher in democratic countries, thereby refuting the hypothesis that political repression fosters FDI. Yet this positive link does not hold for the 1970s, when a considerable share of FDI flowed to countries with repressive regimes. |
| Subjects: | | FDI Democracy Political Rights Civil Liberties |
| JEL: | | F21 F23 C31 C33 |
| Document Type: | | Working Paper |
| Appears in Collections: | | HWWA Discussion Paper, Hamburgisches Welt-Wirtschafts-Archiv
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