Foreign Direct Investment in oil-abundant countries: The role of institutions

被引：18

作者：

Carril-Caccia, Federico ^{[1
,2
]}

Milgram-Baleix, Juliette ^{[1
]}

Paniagua, Jordi ^{[3
]}

机构：

[1] Univ Granada, Dept Econ Theory & Hist, Granada, Spain

[2] Univ Seville, Dept Econ Anal & Polit Econ, Seville, Spain

[3] Univ Valencia, Dept Econ Struct, Valencia, Spain

来源：

PLOS ONE | 2019年 / 14卷 / 04期

关键词：

NATURAL-RESOURCES; DEMOCRATIC INSTITUTIONS; FDI INFLOWS; DETERMINANTS; GRAVITY; CORRUPTION; GOVERNANCE; AFRICA; IMPACT; EXPROPRIATION;

D O I：

10.1371/journal.pone.0215650

中图分类号：

O [数理科学和化学]; P [天文学、地球科学]; Q [生物科学]; N [自然科学总论];

学科分类号：

07 ; 0710 ; 09 ;

摘要：

The present work reassesses the impact of good governance and democracy on Foreign Direct Investment (FDI) in oil-abundant countries. To this end, we estimate the effect of host countries' institutions on greenfield FDI, using a gravity equation for a dataset that covers 182 countries during 2003-2012. Our findings confirm that compliance to rule of law, lack of corruption, political stability and democracy could boost new FDI links through the extensive margin. Our results could not rule out the "oil curse", meaning that oil producers attract fewer new greenfield projects than similar countries without oil. Unlike other studies, we show that the impact of institutions is not necessarily undermined by the presence of natural resources.

引用

页数：23

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