What attracts foreign direct investment into autocratic states? Regime time horizon and institutional design
- Authors
- Cui, Lin; Moon, Chung Shik
- Issue Date
- Oct-2020
- Publisher
- WILEY
- Keywords
- autocratic state; foreign direct investment policy; institutional design; International political economy; regime time horizon
- Citation
- WORLD ECONOMY, v.43, no.10, pp 2762 - 2784
- Pages
- 23
- Journal Title
- WORLD ECONOMY
- Volume
- 43
- Number
- 10
- Start Page
- 2762
- End Page
- 2784
- URI
- https://scholarworks.bwise.kr/cau/handle/2019.sw.cau/40529
- DOI
- 10.1111/twec.12956
- ISSN
- 0378-5920
1467-9701
- Abstract
- States play a critical role in designing institutions to facilitate international business. We study the effect of autocratic states' time horizons on their attraction of foreign direct investment (FDI) through designing domestic and international institutions. We argue that autocrats with a long time horizon tend to build credible domestic commitment-institutions that attract foreign investors; however, they are also likely to affect the design of commitment carve-outs in international institutions, in particular bilateral investment treaties, thus weakening their institutional effect on foreign investment. We test these dual effects of regime time horizon on FDI inflow using data from 80 autocratic states over a 33-year period and find substantial support for our arguments.
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Collections - College of Social Sciences > Department of Political Science and International Relations > 1. Journal Articles
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