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Political environment and foreign direct investment: Evidence from OECD countries

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journal contribution
posted on 11.02.2015, 11:42 by Tomasz P. Wisniewski, S. K. Pathan
This paper examines the role that political factors play in the investment location decisions of multinational enterprises. It has been found that foreign direct investors shy away from countries with excessive government spending, especially when this spending is directed towards the military. They also seem to have a slight preference for leftist executives and be negatively predisposed toward situations in which the ruling party has held power for prolonged periods of time. Ceteris paribus, more FDI flows to countries that have presidential systems, established political parties and where the party of the executive controls all houses with lawmaking powers.

Funding

Tomasz Piotr Wisniewski would like to acknowledge the support of the University of Leicester’s sabbatical scheme.

History

Citation

European Journal of Political Economy, 2014, 36, pp. 13-23 (11)

Author affiliation

/Organisation/COLLEGE OF SOCIAL SCIENCE/School of Management

Version

AM (Accepted Manuscript)

Published in

European Journal of Political Economy

Publisher

Elsevier

issn

0176-2680

eissn

1873-5703

Copyright date

2014

Available date

22/07/2017

Publisher version

http://www.sciencedirect.com/science/article/pii/S0176268014000688

Language

en