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dc.contributor.authorBlomberg, S. Brocken_US
dc.contributor.authorMody, Ashokaen_US
dc.date.accessioned2010-05-14T11:06:37Z-
dc.date.available2010-05-14T11:06:37Z-
dc.date.issued2005en_US
dc.identifier.urihttp://hdl.handle.net/10419/31451-
dc.description.abstractThe relevance of political risk to international trade and investment remains a topic of continuing interest. However, summary measures of political risk, including country corruption, do not give consistent results. In this paper, we bring together two recent streams of literature to highlight the role of political risk. We find that violence in the form of terrorism, revolutions, and wars is harmful to international investment. Violence in a source country encourages investment away from the parent to a safer host. Host country violence hurts investment, mainly in developing countries. Developing countries also attract more investment through membership in the World Trade Organization (WTO). We interpret WTO membership as a commitment device that limits the possibility of arbitrary policy changes.en_US
dc.language.isoengen_US
dc.publisherClaremont Inst. for Economic Policy Studies Claremont, Calif.en_US
dc.relation.ispartofseriesWorking paper series // Claremont Institute for Economic Policy Studies 2005-01en_US
dc.subject.jelE6en_US
dc.subject.jelH1en_US
dc.subject.jelH5en_US
dc.subject.jelD74en_US
dc.subject.jelO11en_US
dc.subject.ddc330en_US
dc.subject.keywordFDIen_US
dc.subject.keywordTradeen_US
dc.subject.keywordConflicten_US
dc.subject.keywordTerrorismen_US
dc.titleHow severely does violence deter international investment?en_US
dc.typeWorking Paperen_US
dc.identifier.ppn505127970en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:Claremont Colleges Working Papers in Economics, Department of Economics, Claremont McKenna College

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