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Busse, Matthias. |
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... |
Tipo: Working or Discussion Paper |
Palavras-chave: FDI; Democracy; Political Rights; Civil Liberties; Political Economy; C31; C 33; F21; F23. |
Ano: 2003 |
URL: http://purl.umn.edu/26260 |
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