Democracy, foreign direct investment and natural resources
Elizabeth Asiedu,Donald Lien +1 more
TLDR
In this paper, the authors examined whether natural resources in host countries alter the relationship between democracy and foreign direct investment and found that the effect of democracy on FDI depends on the size and not the type of natural resources.About:
This article is published in Journal of International Economics.The article was published on 2011-05-01 and is currently open access. It has received 515 citations till now. The article focuses on the topics: Foreign direct investment & Democracy.read more
Figures
Table 8: Robustness Regressions. Time Fixed E¤ects and FDI per Capita as Dependent Variables 
Table 6: Robustness Regressions 
Table 7: Robustness Regressions. FDI Risk, Institutional Quality and Political Risk 
Table 9: Robustness Regressions. Endogenous Democracy and Natural Resources 
Table 1: Summary Statistics 
Table 4: Robustness Regressions. Subsamples: System GMM
Citations
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Journal ArticleDOI
Impact of economic, financial, and institutional factors on CO2 emissions: Evidence from Sub-Saharan Africa economies
TL;DR: In this article, the authors investigate the impact of economic, financial and institutional developments on CO 2 emissions for 25 SSA countries over the period 1996-2010 and find no evidence for the Environmental Kuznets Curve (EKC) hypothesis.
Journal ArticleDOI
Foreign direct investment, aid, and terrorism
TL;DR: This paper investigated the relationship between the two major forms of terrorism and foreign direct investment (FDI) and found that when aid is subdivided, bilateral aid is effective in reducing the adverse effects of transnational terrorism on FDI, whereas multilateral aid is more robust in ameliorating the adverse effect of domestic terrorism.
Journal ArticleDOI
Governance, Private Investment and Foreign Direct Investment in Developing Countries
TL;DR: In this article, the authors investigate if FDI crowds out domestic private investment and if alternative elements of governance have differing effects on the relationship between FDI and private investment, concluding that corruption and political instability are the governance indicators that appear to have the greatest impact on investment.
Journal ArticleDOI
Does corruption ever help entrepreneurship
Nabamita Dutta,Russell S. Sobel +1 more
TL;DR: In this article, the authors examined a much larger set of countries and time periods to examine the impact of corruption on entrepreneurship and economic growth and found that corruption never improves entrepreneurship; it simply hurts less when business climates are not conducive to growth.
References
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Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations.
Manuel Arellano,Stephen Bond +1 more
TL;DR: In this article, the generalized method of moments (GMM) estimator optimally exploits all the linear moment restrictions that follow from the assumption of no serial correlation in the errors, in an equation which contains individual effects, lagged dependent variables and no strictly exogenous variables.
Report SeriesDOI
Initial conditions and moment restrictions in dynamic panel data models
Richard Blundell,Stephen Bond +1 more
TL;DR: In this paper, two alternative linear estimators that are designed to improve the properties of the standard first-differenced GMM estimator are presented. But both estimators require restrictions on the initial conditions process.
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Another look at the instrumental variable estimation of error-components models
Manuel Arellano,Olympia Bover +1 more
TL;DR: In this paper, a framework for efficient IV estimators of random effects models with information in levels which can accommodate predetermined variables is presented. But the authors do not consider models with predetermined variables that have constant correlation with the effects.
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Constitutions and Commitment: The Evolution of Institutions Governing Public Choice in Seventeenth-Century England
TL;DR: In this article, the authors study the evolution of the constitutional arrangements in seventeenth-century England following the Glorious Revolution of 1688 and argue that the new institutions allowed the government to commit credibly to upholding property rights.
Posted Content
Natural Resource Abundance and Economic Growth
TL;DR: The authors showed that countries with a high ratio of natural resource exports to GDP tended to have low growth rates during the subsequent period 1971-89, even after controlling for variables found to be important for economic growth, such as initial per capita income, trade policy, government efficiency, investment rates, and other variables.
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