Political Freedom, Political Instability, and Policy Uncertainty
A Study of Political Institutions and Private Investment in Developing Countries
Bibliographic Data
| ID | 6273145 |
|---|---|
| Authors | Yi Feng (0000-0003-0001-6857, Claremont Graduate University, corresponding author) |
| Year | 2001 |
| Volume | 45 |
| Issue | 2 |
| Pages | 271-294 |
| Publication date | 2001-06-01 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | International Studies Quarterly (JOURNAL) |
| Journal identifiers | ISSN: 0020-8833 • E-ISSN: 1468-2478 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1111/0020-8833.00191 |
| OpenAlex | W2075670886 |
| Language | EN |
| Citations received | 66 |
| References cited | 20 |
This paper examines whether democracy and other major characteristics of political institutions have any significant consequences for private investment. I isolate three political determinants that may affect property rights and private investment: political freedom, political instability, and policy uncertainty. The major findings in this paper can be characterized as follows: Political freedom promotes private investment, particularly through the channel of improving human capital formation. Political instability, as measured by the variability of political freedom, has a negative effect on private investment. Finally, policy uncertainty, as measured by the variability of government capacity, adversely affects private investment. These findings have been tested rigorously through using variables controlling for both domestic and international conditions
Democracy · Developing country · Economic freedom · Economic growth · Economic system · Economics · Government (linguistics · Investment (military · Market economy · Microeconomics · Political freedom · Political instability · Political science · Politics · Property rights · Economic Growth and Development · Economic Growth and Productivity · Fiscal Policy and Economic Growth · Law
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| Unique citing works | 66 |
|---|---|
| Citations per year | 2,87 |
| Citation span | 2003 - 2026 (24) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 66 |