Educated dictators attract more foreign direct investment

François, Abel; Panel, Sophie; Weill, Laurent

Type de document :

Compte-rendu et recension critique d'ouvrage

DOI :

10.1016/j.jce.2019.11.006

Titre :

Educated dictators attract more foreign direct investment

Auteur(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]

Titre de la revue :

Journal of Comparative Economics

Pagination :

37-55

Éditeur :

Elsevier

Date de publication :

2020-03

ISSN :

0147-5967

Discipline(s) HAL :

Sciences de l'Homme et Société/Economies et finances

Résumé en anglais : [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 ...
Lire la suite >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.Lire moins >

Langue :

Anglais

Vulgarisation :

Non

Collections :