G Biglaiser
Biographic Data
| ID | 8702 |
|---|---|
| NAME | G Biglaiser |
| GIVEN NAMES | G |
| FAMILY NAME | Biglaiser |
| SIGNATURE | BIGLAISER G |
| AFFILIATIONS | University of North Texas |
| ORCID | 0000-0002-1350-2363 |
| VERIFIED | Yes |
| TOTAL WORKS | 62 |
| TOTAL CITATIONS | 597 |
| AUTHOR COUNT | 62 |
| EDITOR COUNT | 0 |
| FIRST PUBLICATION YEAR | 1999 |
| LATEST PUBLICATION YEAR | 2026 |
| H-INDEX | 13 |
The Effect of Sexual Violence on Chinese Foreign Direct Investment
While much scholarship finds that political risk discourages foreign direct investment (FDI), some studies report that foreign firms frequently increase their investment in high-risk countries. We investigate whether overseas investors are risk-averse or risk-tolerant based on investment flows into host countries whose governments have perpetrated sexual violence, indicating a high-risk environment. Examining Chinese overseas FDI in up to 108 dev…
Terrorism and U.S. and Chinese Overseas Foreign Direct Investment in the Developing World
Much scholarship finds a negative but inconsistent statistical relationship between host‐state terrorism and overseas foreign direct investment (FDI). However, empirical studies generally have not investigated terrorism in the context of Chinese overseas FDI. Comparing United States and Chinese overseas FDI for up to 107 developing countries from 2004–2018, and using a Two‐Stage‐Difference‐in‐Difference approach as well as a dynamic panel data an…
Chinese Overseas Foreign Direct Investment and Income Inequality in the Developing World
Economic Sanctions and Sovereign Bond Ratings in the Developing World
Although much scholarship has noted economic sanctions’ ineffectiveness in reducing foreign aid, trade, and foreign direct investment, no empirical research has explored sanctions’ impact on targeted states’ bond ratings. Sovereign bond ratings are important as they affect future interest rates on bonds. Using data from up to 47 developing countries from 1996 to 2016, we find that sanctions raise capital costs, which in turn lowers bond ratings o…
Autocratic regime survival, regime instability, and foreign asset expropriation
Friend or Foe? Partisanship, Rivalry, and Overseas Foreign Direct Investment in the United States
Objective This article revisits how political partisanship and home and host‐state relations affect foreign direct investment (FDI) inflows. Method We use panel data for overseas Chinese and South Korean FDI into the United States from as early as 2006 to 2022. Results We observe differences in Chinese and South Korean FDI, finding that Chinese firms prefer Republican‐governed states because of the lower economic costs and higher political safety…
Tax havens and income inequality in host countries
The association between tax havens and income distribution in home states of multinational corporations has attracted much attention. However, studies have not empirically investigated whether there is also a relationship between low-tax jurisdictions and income inequality in host countries. Our findings, based on data from 152 countries spanning 1972-2020 and a range of econometric strategies, reveal a robust positive relationship between tax ha…
Chinese and US Overseas Foreign Direct Investment and Democracy in the Developing World
This paper integrates the political influence and foreign capital literatures and examines the association between United States and Chinese overseas foreign direct investment (FDI) and host states' political institutions. Using up to 109 developing countries from 2003 to 2019, and employing two-stage least squares selection modeling, we find negative and significant relationships between Chinese FDI and host states' democracy while US FDI has po…
Political Risk and Sectoral Analysis
The Role of Foreign Direct Investment in Post-Conflict Economic Recovery and Peace-Building
Recently, post-conflict foreign direct investment (FDI) has garnered scholarly interest due to its potential for ending the “poverty-conflict trap” endured by many developing countries. However, few empirical studies have investigated whether FDI breaks such a vicious poverty-conflict cycle and, if so, how. Using intrastate armed conflict data from 1970 to 2019, where more than half the states experienced civil conflict recurrence, we test whethe…
Domestic Political Unrest and Chinese Overseas Foreign Direct Investment
The Effects of US Sanctions on Chinese Public and Private Overseas Foreign Direct Investment
Chinese Overseas Foreign Direct Investment and Online Digital Freedom in Developing Countries
Although studies have shown China’s growing influence on developing countries’ policies, little empirical work has considered the relationship between Chinese overseas foreign direct investment (FDI) and host countries’ online digital freedom. Considering as many as 112 developing countries from 2003 to 2019, and using a two-stage least squares selection modeling approach, we find an association between Chinese FDI and four types of limits on onl…
Domestic Political Unrest and Sovereign Bond Ratings in the Developing World
This paper integrates the credit rating agency and domestic conflict literatures, investigating the effects of non-violent and violent domestic political unrest on sovereign bond ratings. Using up to 60 developing countries and 94 unrest cases from 1996-2018, we find that while countries under domestic unrest often receive bond downgrades, non-violent unrest appears not to be responsible. Further, we use mediation analysis and show that respect f…
The Effect of Terrorism on Income Inequality
Conflict research has recently found that increased inequality weakens institutional conditions, opening the door for terrorism. While this research often accounts for endogeneity, or the possibility of a reverse causal relationship, there has yet to be an empirical investigation of the impact of terrorism on income inequality. Using a sample of 139 countries between 1994 and 2018, we show that both domestic and transnational terrorism result in …
The effects of social media on domestic terrorism
Much qualitative research has drawn an association between social media and domestic terrorism, with the studies reaching different conclusions. However, few empirical studies have evaluated whether the surge in social media participation affects domestic terrorist events. Controlling for common explanations in the literature, we conduct a cross-national, time-series analysis of up to 151 countries from 2000 to 2019 to assess the impact of social…
The Effects of Economic Sanctions on Foreign Asset Expropriation
Studies suggest that home countries impose economic sanctions following host state expropriation of home firms. However, and not addressed in the empirical literature, is the possibility that sanctions lead targeted countries to nationalize firms from sender countries. Using bilateral expropriation data from 1985 to 2010, and controlling for endogeneity issues, we find that sanctions significantly increase expropriation risk, encouraging targeted…
The Double-Edged Sword of Foreign Direct Investment on Domestic Terrorism
This paper studies the effects of foreign direct investment (FDI) on domestic terrorism. Using a cross-national, time-series analysis of 114 countries from 1991–2017, and employing structural equation modeling to test a number of mediating factors, we find that the impact of FDI on domestic terrorism depends on the host state’s level of economic development. For host countries at higher-income levels, FDI boosts economic development and global in…
Domestic Terrorism and Sovereign Bond Ratings in the Developing World
Since the 1990s, credit rating agencies have played a prominent financial role in developing countries, rating their sovereign bonds and determining capital costs. Over much the same years, domestic terrorism has expanded, increasing market disruptions in countries. Despite the heightened costs related to rebel attacks, few studies investigate the impact of domestic terrorism on bond ratings. Using a sample of seventy-one developing countries bet…
Political Mandate and Clarity of Responsibility
Since the mid-1990s, some rightist governments in Latin America have adhered to a strict market orientation while others have shown less attachment to doctrinaire neoliberal policies, a puzzle as rightists are expected to favor minimal government intervention in the economy. In an environment over the past two decades in which market-oriented policies, in general, have grown increasingly unpopular with many Latin Americans, we contend that righti…
Political Risk and Economic Sectors
This article compares Chinese public and private overseas foreign direct investment (FDI) to determine how political risk affects an authoritarian developing country. Using panel data for up to 118 developing countries from 2003 to 2017, and studying different economic investment sectors (i.e., primary, secondary, and tertiary; energy/non-energy), we find that political risk has varying effects on Chinese overseas FDI. Chinese state firms appear …
The effects of IMF loan conditions on poverty in the developing world
Sanctions, aid, and voting patterns in the United Nations General Assembly
This paper investigates the effects of U.S. economic sanctions on UN General Assembly voting patterns. Using panel data for 123 developing countries from 1990 to 2014, and employing an instrumental variables approach to account for potential endogeneity, we find that U.S.-imposed sanctions generally lead to a decline in voting coincidence between the U.S. and target countries when the sanctioned country receives low U.S. aid. However, in instance…
The Effects of Social Media, Elites, and Political Polarization on Civil Conflict
Although prior research has investigated how social, economic, and political factors affect civil conflict, empirical scholarship has yet to consider how social media impacts civil conflict. Using cross-national research for up to 157 states from 2000–2019, this study examines the effect social media has on civil conflict. We find that more time spent on social media, greater social media penetration (i.e. the number of users), and the specific m…
The Effects of the International Monetary Fund on Domestic Terrorism
The past three decades have seen an increase in both domestic terrorist attacks and loans issued by the International Monetary Fund (IMF). In this study, we investigate the connection between IMF loan arrangements and domestic terrorism. We find that countries under IMF loans tend to observe fewer domestic terrorist incidents, especially when the borrowers are democracies. We contend that, while the IMF pressures borrower countries to prevent mon…
Following the Flag
In contrast to the 19th and early 20th centuries, the effects of security factors on foreign direct investment (FDI) have received limited interest in the post-Cold War era. Using panel data for 126 developing countries between 1966 and 2002, and controlling for macroeconomic conditions, economic reforms, and level of democratization, this essay tests the effects of “follow the flag” variables on U.S. FDI. Security factors can affect FDI in two s…
Sovereign Bonds and the “Democratic Advantage
The importance of sovereign bond ratings has grown recently as assessments by credit rating agencies (CRAs) influence the cost of capital. Understanding how CRAs determine country ratings is difficult based on the secretive nature of these agencies. Controlling for the common explanations in the literature, we use panel data and interviews to investigate the role of the “democratic advantage” and other determinants on bond ratings set by Moody's …
Foreign Direct Investment in Latin America
An extensive literature has emerged recently that investigates the determinants of foreign direct investment (FDI) in developing regions of the world, including Latin America. Much of this work has focused on whether authoritarian or democratic rule is better for attracting FDI. Curiously, little attention has been devoted to unpacking regime type to see whether specific political institutional variables related to judicial strength and adherence…
Investment, Opportunity, and Risk
Complementing the effectiveness of US sanctions debate, the US government often prods US investors to disinvest from targeted countries, hoping to pressure sanctioned countries to back US foreign policy goals or face economic costs for their actions. Missing from the effectiveness of sanctions debate is the impact US sanctions have on third-party foreign direct investment (FDI). Using panel data for 171 countries from 1969 to 2000, we present the…
Finding the “Democratic Advantage” in Sovereign Bond Ratings
Much scholarship in the political economy literature has investigated the influence of the democratic advantage on sovereign bond ratings by credit rating agencies (CRAs). Missing from earlier work, however, is inquiry into the effects on bond ratings of factors that lower political risk, such as adherence to the rule of law, the presence of a strong and independent judicial system, and protection of property rights. Using panel data for up to th…
Do Political Institutions Affect Foreign Direct Investment? A Survey of U.S. Corporations in Latin America
The political economy literature investigates the determinants of foreign direct investment (FDI) based largely on aggregate data, ignoring the actual decision makers. The authors conduct a survey of U.S. chief executive officers— the actual decision makers—of corporations that have investments in Latin America to understand FDI inflows. The authors find that investment risk related to property-rights protection, adherence to rule of law, and an …
The Effect of Sanctions on U.S. Foreign Direct Investment
For years, the United States has imposed economic sanctions to compel countries to alter their behavior. An important concern is whether government sanctions influence private foreign direct investment (FDI) decisions, the largest source of foreign capital. In the first study to assess empirically the relationship between economic sanctions and FDI, we consider whether U.S. sanctions influence U.S. FDI inflows into targeted countries. Using panel…
Privatization And Democracy
What is the effect of regime type on privatization of state-owned enterprises? The authors investigate the relationship between regime type and privatization through a panel data set for 76 developing countries from 1987 to 1994. The results show that, contrary to most studies that claim that authoritarian regimes are better able to ignore societal interests opposed to economic measures that impose austerity, democracies privatize more than autho…
Is US Humanitarian Aid Based Primarily on Need or Self-Interest
The United States has made repeated public commitments to provide humanitarian aid based on need alone. However, some scholars suggest that US self-interest is a stronger predictor of US humanitarian assistance than need. We examine the tension between self-interest and need by studying the allocations made by the US Agency for International Development's Office of US Foreign Disaster Assistance for more than 100 developing countries between 1989…
Sovereign Bond Ratings and the Democratic Advantage
As developing countries expose portfolio investors to potential high risk, it is expected that investors will follow the advice of credit rating agencies (CRAs) before sending capital abroad. Controlling for political and economic explanations in the literature, the authors use panel data for 50 developing countries from 1987 to 2003 to determine if changes in CRA ratings affect portfolio flows. Using a two-stage Heckman model, they find that cou…
Sovereign Bond Ratings and Neoliberalism in Latin America
The importance of credit rating agencies (CRAs) in rating sovereign bonds has grown as developing countries increasingly issue bonds to attract foreign capital. Although in their methodologies CRAs claim that the initiation of neoliberal reforms influences bond ratings, given the secrecy surrounding ratings, it is unclear what impact reforms actually have on CRAs. Controlling for macroeconomic and political determinants, we use statistical analys…
Do Electoral Rules Matter
Despite the growing importance of domestic institutions in the political economy literature, few studies explore the effects of disaggregated measures of political institutions, specifically electoral rules and systems, on foreign direct investment (FDI). Building on institutional accounts, this articles tests the effects of electoral rules on FDI inflows for 16 Latin American countries from 1978 to 2000. Using panel data and controlling for comm…
The Expansion of Neoliberal Economic Reforms in Latin America
This article seeks to explain why most Latin American countries have expanded market-oriented reforms since the 1980s despite their generally disappointing economic results. To explain deepening liberal economic reform, we test panel data for 15 Latin American countries from 1980 to 1995, using Beck and Katz' panel-corrected standard errors regression. Controlling for several competing explanations, we find that, except under fragmented party sys…
The Effects of Political Risk on Different Entry Modes of Foreign Direct Investment
Although numerous studies document the effect of political institutions on foreign direct investment (FDI), few works in the political economy literature have investigated the link between political institutions and the mode of entry chosen by investors, be it mergers and acquisitions, joint ventures, or greenfield investments. Using panel data for 111 developing countries covering 1980--2006, we find that countries with political institutions th…
The Determinants of Privatization in Latin America
Previous work on political institutions and economic reform provide a number of testable hypotheses that have yet to be fully examined in a multivariate framework. The strength of the presidency, divided government, political polarization, fragmented legislatures, ideology, and democracy itself have all been forwarded as possible constraints that influence the depth and speed of economic reform. Using time-series cross-sectional data, we provide …
The Interdependence of U.S. Troop Deployments and Trade in the Developing World
The relationship between political conflict and trade has contributed to a riveting discussion in international relations about whether trade produces conflict, or whether conflict itself reduces trade. Most studies proxy “the flag” using militarized interstate disputes (MIDs). However, extensions of “the flag” might well obtain in environments short of MIDs. A more general way to proxy the flag is troop deployments. The deployment of military tr…
The Determinants of Economic Liberalization in Latin America
Previous work on political institutions and economic reform provides a number of testable hypotheses that are rarely examined in a multivariate framework. Divided government, political polarization, fragmented legislatures, ideology, external factors, the strength of the presidency, and democracy itself have all been forwarded as possible constraints that influence the depth and speed of economic reform. Using time-series cross-sectional data, th…
The Internationalization of Chicago's Economics in Latin America
Mandate and the Market
The effect of foreign direct investment on the use and success of US sanctions
Although the relationship between trade and the use and success of sanctions is frequently studied in international relations, researchers have generally failed to address the importance of foreign direct investment (FDI) on sanctions despite global capital markets dwarfing the exchange of goods and services. Using panel data for 171 countries from 1971 to 2000, we test the effect of FDI on the use and success of sanctions imposed by the USA. We …
The Effects of Social Media, Elites, and Political Polarization on Civil Conflict
Although prior research has investigated how social, economic, and political factors affect civil conflict, empirical scholarship has yet to consider how social media impacts civil conflict. Using cross-national research for up to 157 states from 2000–2019, this study examines the effect social media has on civil conflict. We find that more time spent on social media, greater social media penetration (i.e. the number of users), and the specific m…
The Politics of Chinese Foreign Direct Investment in the USA
Although recently Chinese investment in the USA has grown exponentially, it has not flowed equally among the US states. Controlling for popular explanations in the foreign direct investment literature, we carry out subnational analysis to assess the determinants of Chinese investment in the USA. Using a panel dataset for all states from 2006 to 2016, we find that Chinese firms are more attracted to states where Republican governors hold office. R…
Back on Track
Challenging conventional wisdom, which suggests that constituency interests and membership ideology guide legislative voting on trade, we argue that the relative importance of these factors fluctuates depending on party control of the presidency. Such is the casewith the House of Representatives opposing fast-track trade negotiating authority in 1997 and 1998 and then supporting trade-promotion authority in 2001. The shifting political context re…
The Effects of Economic Sanctions on Foreign Asset Expropriation
Studies suggest that home countries impose economic sanctions following host state expropriation of home firms. However, and not addressed in the empirical literature, is the possibility that sanctions lead targeted countries to nationalize firms from sender countries. Using bilateral expropriation data from 1985 to 2010, and controlling for endogeneity issues, we find that sanctions significantly increase expropriation risk, encouraging targeted…
Political Risk and Economic Sectors
This article compares Chinese public and private overseas foreign direct investment (FDI) to determine how political risk affects an authoritarian developing country. Using panel data for up to 118 developing countries from 2003 to 2017, and studying different economic investment sectors (i.e., primary, secondary, and tertiary; energy/non-energy), we find that political risk has varying effects on Chinese overseas FDI. Chinese state firms appear …
Military regimes, neoliberal restructuring, and economic development
Transcending Neoliberalism
Journal Article Transcending Neoliberalism: Community-Based Development in Latin America Get access Transcending Neoliberalism: Community-Based Development in Latin America by Henry Veltmeyer and Anthony O'Malley. Bloomfield, CT, Kumarian Press, 2001. 247 pp. $23.95. Glen Biglaiser Glen Biglaiser Bowling Green State University Search for other works by this author on: Oxford Academic Google Scholar Political Science Quarterly, Volume 117, Issue 1…
Privatization And Democracy
What is the effect of regime type on privatization of state-owned enterprises? The authors investigate the relationship between regime type and privatization through a panel data set for 76 developing countries from 1987 to 1994. The results show that, contrary to most studies that claim that authoritarian regimes are better able to ignore societal interests opposed to economic measures that impose austerity, democracies privatize more than autho…
The Internationalization of Chicago's Economics in Latin America
The Determinants of Privatization in Latin America
Previous work on political institutions and economic reform provide a number of testable hypotheses that have yet to be fully examined in a multivariate framework. The strength of the presidency, divided government, political polarization, fragmented legislatures, ideology, and democracy itself have all been forwarded as possible constraints that influence the depth and speed of economic reform. Using time-series cross-sectional data, we provide …
Military Rule, State Autonomy, and Privatization in the Southern Cone
This article compares military regimes in Argentina, Chile, and Uruguay to show the political challenges military governments confront in implementing privatization policies. Using a case-study approach, it describes the effect of differences in long-standing characteristics of the armed forces, and in the military regime's governing institutions on the political survival strategies of military rulers. Analysis of the data on privatization under …
The Expansion of Neoliberal Economic Reforms in Latin America
This article seeks to explain why most Latin American countries have expanded market-oriented reforms since the 1980s despite their generally disappointing economic results. To explain deepening liberal economic reform, we test panel data for 15 Latin American countries from 1980 to 1995, using Beck and Katz' panel-corrected standard errors regression. Controlling for several competing explanations, we find that, except under fragmented party sys…
Back on Track
Challenging conventional wisdom, which suggests that constituency interests and membership ideology guide legislative voting on trade, we argue that the relative importance of these factors fluctuates depending on party control of the presidency. Such is the casewith the House of Representatives opposing fast-track trade negotiating authority in 1997 and 1998 and then supporting trade-promotion authority in 2001. The shifting political context re…
The Determinants of Economic Liberalization in Latin America
The Determinants of Economic Liberalization in Latin America
Previous work on political institutions and economic reform provides a number of testable hypotheses that are rarely examined in a multivariate framework. Divided government, political polarization, fragmented legislatures, ideology, external factors, the strength of the presidency, and democracy itself have all been forwarded as possible constraints that influence the depth and speed of economic reform. Using time-series cross-sectional data, th…
Economic Reforms and Inflows of Foreign Direct Investment in Latin America
This paper seeks to explain the effect of different economic reforms for attracting foreign direct investment (FDI) in Latin America. Controlling for macroeconomic and good governance factors, we find that governments that implement economic reforms are not always more likely to attract FDI inflows. Instead, attempts to minimize expropriation risk complement domestic financial and trade reforms, which enhances foreign investor interest. Elements …
Following the Flag
In contrast to the 19th and early 20th centuries, the effects of security factors on foreign direct investment (FDI) have received limited interest in the post-Cold War era. Using panel data for 126 developing countries between 1966 and 2002, and controlling for macroeconomic conditions, economic reforms, and level of democratization, this essay tests the effects of “follow the flag” variables on U.S. FDI. Security factors can affect FDI in two s…
Don't Go Changing to Try and Please Me
Trade voting in the U.S. House of Representatives from 1993 to 2001 provides an opportunity to move beyond examining the determinants of trade voting on single bills and to focus on the consistency members of Congress demonstrate in their trade preferences. We find that while a significant percentage of House members are consistent in their trade preferences during the time period, a surprising percentage of those members serving over the entire …
Sovereign Bond Ratings and Neoliberalism in Latin America
The importance of credit rating agencies (CRAs) in rating sovereign bonds has grown as developing countries increasingly issue bonds to attract foreign capital. Although in their methodologies CRAs claim that the initiation of neoliberal reforms influences bond ratings, given the secrecy surrounding ratings, it is unclear what impact reforms actually have on CRAs. Controlling for macroeconomic and political determinants, we use statistical analys…
Sovereign Bonds and the “Democratic Advantage
The importance of sovereign bond ratings has grown recently as assessments by credit rating agencies (CRAs) influence the cost of capital. Understanding how CRAs determine country ratings is difficult based on the secretive nature of these agencies. Controlling for the common explanations in the literature, we use panel data and interviews to investigate the role of the “democratic advantage” and other determinants on bond ratings set by Moody's …
Sovereign Bond Ratings and the Democratic Advantage
As developing countries expose portfolio investors to potential high risk, it is expected that investors will follow the advice of credit rating agencies (CRAs) before sending capital abroad. Controlling for political and economic explanations in the literature, the authors use panel data for 50 developing countries from 1987 to 2003 to determine if changes in CRA ratings affect portfolio flows. Using a two-stage Heckman model, they find that cou…
The Interdependence of U.S. Troop Deployments and Trade in the Developing World
The relationship between political conflict and trade has contributed to a riveting discussion in international relations about whether trade produces conflict, or whether conflict itself reduces trade. Most studies proxy “the flag” using militarized interstate disputes (MIDs). However, extensions of “the flag” might well obtain in environments short of MIDs. A more general way to proxy the flag is troop deployments. The deployment of military tr…
Do Political Institutions Affect Foreign Direct Investment? A Survey of U.S. Corporations in Latin America
The political economy literature investigates the determinants of foreign direct investment (FDI) based largely on aggregate data, ignoring the actual decision makers. The authors conduct a survey of U.S. chief executive officers— the actual decision makers—of corporations that have investments in Latin America to understand FDI inflows. The authors find that investment risk related to property-rights protection, adherence to rule of law, and an …
Do Electoral Rules Matter
Despite the growing importance of domestic institutions in the political economy literature, few studies explore the effects of disaggregated measures of political institutions, specifically electoral rules and systems, on foreign direct investment (FDI). Building on institutional accounts, this articles tests the effects of electoral rules on FDI inflows for 16 Latin American countries from 1978 to 2000. Using panel data and controlling for comm…
Politics, Early Warning Systems, and Credit Rating Agencies
Journal Article Politics, Early Warning Systems, and Credit Rating Agencies Get access Glen Biglaiser, Glen Biglaiser Texas Tech University Search for other works by this author on: Oxford Academic Google Scholar Karl DeRouen, Jr., Karl DeRouen, Jr. The University of Alabama Search for other works by this author on: Oxford Academic Google Scholar Candace C. Archer Candace C. Archer Bowling Green State University Search for other works by this aut…
The Effects of Judicial Strength and Rule of Law on Portfolio Investment in the Developing World
Objective. Applying existing theories relating to investment risk, this article examines the effects of judicial strength and adherence to the rule of law on portfolio investment in the developing world. We aim to demonstrate that countries with higher levels of judicial strength and rule of law are more able to attract portfolio investment because they provide greater protection of property rights and a better risk environment for investors. Met…
The Effect of Sanctions on U.S. Foreign Direct Investment
For years, the United States has imposed economic sanctions to compel countries to alter their behavior. An important concern is whether government sanctions influence private foreign direct investment (FDI) decisions, the largest source of foreign capital. In the first study to assess empirically the relationship between economic sanctions and FDI, we consider whether U.S. sanctions influence U.S. FDI inflows into targeted countries. Using panel…
The importance of legal systems for portfolio investment in the developing world
Building on recent works showing the role that legal institutions can play in attracting foreign investment to developing countries, and drawing on insights obtained from Powell and Rickard ( International Interactions 36: 335–362, 2010), we demonstrate that developing countries with common law legal systems attract greater portfolio investment than countries that have civil law or Islamic legal systems because common law systems are more incline…
Foreign Direct Investment in Latin America
An extensive literature has emerged recently that investigates the determinants of foreign direct investment (FDI) in developing regions of the world, including Latin America. Much of this work has focused on whether authoritarian or democratic rule is better for attracting FDI. Curiously, little attention has been devoted to unpacking regime type to see whether specific political institutional variables related to judicial strength and adherence…
Finding the “Democratic Advantage” in Sovereign Bond Ratings
Much scholarship in the political economy literature has investigated the influence of the democratic advantage on sovereign bond ratings by credit rating agencies (CRAs). Missing from earlier work, however, is inquiry into the effects on bond ratings of factors that lower political risk, such as adherence to the rule of law, the presence of a strong and independent judicial system, and protection of property rights. Using panel data for up to th…
Political science (56 works) · Economics (53 works) · Politics (36 works) · Law (33 works) · Business (29 works) · Law (28 works) · Foreign direct investment (27 works) · International economics (25 works) · Economic growth (19 works) · Political economy (19 works)