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Educated dictators attract more foreign ...
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Document type :
Article dans une revue scientifique
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
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 ...
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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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