Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/75778 
Year of Publication: 
2001
Series/Report no.: 
CESifo Working Paper No. 421
Publisher: 
Center for Economic Studies and ifo Institute (CESifo), Munich
Abstract: 
Multinational enterprises are often accused to have a preference for investing in countries in which the working populations' civil and political rights are largely disregarded. This paper presents an empirical investigation of the popular political repression boosts FDI hypothesis and arrives at the conclusion that the hypothesis is not supported. On the contrary, multinational enterprises rather appear to be attracted by countries in which civil and political freedom is respected. Our finding thus supports the notion that there is a positive relationship between democracy and economic growth.
Subjects: 
Foreign direct investment
globalization
globalisation
democracy
freedom
Document Type: 
Working Paper
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