Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/45105
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dc.contributor.authorUdomkerdmongkol, Manopen_US
dc.contributor.authorMorrissey, Oliveren_US
dc.date.accessioned2010-02-17en_US
dc.date.accessioned2011-04-26T07:40:56Z-
dc.date.available2011-04-26T07:40:56Z-
dc.date.issued2008en_US
dc.identifier.isbn978-92-9230-167-5en_US
dc.identifier.urihttp://hdl.handle.net/10419/45105-
dc.description.abstractThis paper uses annual aggregate data for 36 low or middle income countries covering the period 1995-2001 to investigate the effect of FDI on private investment. It also explores if the relationship between FDI and private investment is influenced by the nature of the political regime, using four governance measures (voice and accountability, regulatory quality, political stability, and control of corruption) to distinguish between market-friendly (high or good governance values) and market-unfriendly (low governance) regimes. The results, which hold for all of the governance measures, show that private investment is more important than FDI in terms of the contribution to total investment, and that FDI inflows and private investment are higher in countries with good governance. Interestingly, the findings demonstrate that FDI tends to displace domestic private investment, and this crowding out effect is greater in countries with good governance.en_US
dc.language.isoengen_US
dc.publisher|aUNU-WIDER |cHelsinkien_US
dc.relation.ispartofseries|aResearch paper / UNU-WIDER |x2008.109en_US
dc.subject.jelE22en_US
dc.subject.jelO16en_US
dc.subject.ddc330en_US
dc.subject.keywordFDIen_US
dc.subject.keywordinvestment sourcesen_US
dc.subject.keywordfinanceen_US
dc.subject.stwDirektinvestitionen_US
dc.subject.stwInvestitionen_US
dc.subject.stwPolitisches Systemen_US
dc.subject.stwEntwicklungsländeren_US
dc.titlePolitical regime, private investment, and foreign direct investment in developing countriesen_US
dc.typeWorking Paperen_US
dc.identifier.ppn589761978en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US

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