Educated dictators attract more foreign direct investment

François, Abel; Panel, Sophie; Weill, Laurent

Document type :

Article dans une revue scientifique: Article original

DOI :

10.1016/j.jce.2019.11.006

Title :

Educated dictators attract more foreign direct investment

Author(s) :

François, Abel [Auteur]
Lille économie management - UMR 9221 [LEM]
Panel, Sophie [Auteur]
Centre for Modelling and Simulation in the Biosciences (BIOMS)
Weill, Laurent [Auteur]
Laboratoire de Recherche en Gestion et Economie [LARGE]

Journal title :

Journal of Comparative Economics

Pages :

37-55

Publisher :

Elsevier

Publication date :

2020-03

ISSN :

0147-5967

HAL domain(s) :

Sciences de l'Homme et Société/Economies et finances

English abstract : [en]

Since political risk is greater in dictatorships than in democracies, this paper investigates the hypothesis that foreign investors scrutinize public information on dictators to assess this risk. It checks whether foreign ...
Show more >Since political risk is greater in dictatorships than in democracies, this paper investigates the hypothesis that foreign investors scrutinize public information on dictators to assess this risk. It checks whether foreign investors use five relevant dictators’ characteristics: age, political experience, education level, education in economics, and prior experience in business. The study is performed on a sample of 100 dictatorial countries from 1973 to 2008. We find that educated dictators are more attractive to foreign investors. We obtain strong evidence that greater educational attainment of the leader is associated with higher FDI. We also find evidence that the leader having tertiary education in economics and prior experience in business is associated with greater FDI. By contrast, the leader's age, and political experience have no relationship with FDI.Show less >

Language :

Anglais

Peer reviewed article :

Oui

Audience :

Internationale

Popular science :

Non

Collections :

Lille Économie Management (LEM) - UMR 9221

Source :

Harvested from HAL

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