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来源类型Working Paper
规范类型报告
DOI10.3386/w8400
来源IDWorking Paper 8400
Attracting FDI in a Politically Risky World
Eckhard Janeba
发表日期2001-07-01
出版年2001
语种英语
摘要Conventional wisdom holds that lack of government commitment deters foreign investment in developing countries. Yet this explanation is not convincing because some econometric studies have found little support for the role of political risk and host governments can offer upfront subsidies that compensate foreign investors for their sunk cost. This paper shows that a second commitment problem upsets the argument. A multinational firm cannot credibly commit to invest in only one country. Since countries differ in production costs and government credibility, this paper explains the pattern of investment in a politically risky world.
主题International Economics ; International Factor Mobility ; Public Economics ; Taxation
URLhttps://www.nber.org/papers/w8400
来源智库National Bureau of Economic Research (United States)
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条目标识符http://119.78.100.153/handle/2XGU8XDN/566002
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GB/T 7714
Eckhard Janeba. Attracting FDI in a Politically Risky World. 2001.
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