Adam, Antonis, Filippaios, Fragkiskos (2007) Foreign Direct Investment and Civil Liberties: A New Perspective. European Journal of Political Economy, 23 (4). pp. 1038-1052. ISSN 0176-2680. (doi:10.1016/j.ejpoleco.2006.08.006) (KAR id:5416)
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Official URL: http://dx.doi.org/10.1016/j.ejpoleco.2006.08.006 |
Abstract
The conjecture that democracy discourages foreign direct investment (FDI) has been widely refuted in
empirical studies. However, we find support of this view. We distinguish between civil and political
liberties and propose that multinational firms tend to invest in countries with low civil but with high
political liberties. We show that the negative relationship between civil liberties and FDI is hump-shaped. A
threshold level of civil liberties exists, below which repression of civil liberties is associated with more FDI.
The results are explained by different economic motives for FDI in different groups of countries
Item Type: | Article |
---|---|
DOI/Identification number: | 10.1016/j.ejpoleco.2006.08.006 |
Uncontrolled keywords: | FDI; Political liberties; Civil liberties |
Subjects: | H Social Sciences |
Divisions: | Divisions > Kent Business School - Division > Kent Business School (do not use) |
Depositing User: | Fragkiskos Filippaios |
Date Deposited: | 27 Jun 2008 16:43 UTC |
Last Modified: | 16 Nov 2021 09:43 UTC |
Resource URI: | https://kar.kent.ac.uk/id/eprint/5416 (The current URI for this page, for reference purposes) |
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