Political Regime, Private Investment, and Foreign Direct Investment in Developing Countries

Manop Udomkerdmongkol and Oliver Morrissey

No RP2008-109, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: This paper uses annual aggregate data for 36 low or middle income countries covering the period 1995-2001 to investigate the effect of FDI on private investment. It also explores if the relationship between FDI and private investment is influenced by the nature of the political regime, using four governance measures (voice and accountability, regulatory quality, political stability, and control of corruption) to distinguish between 'market-friendly' (high or good governance values) and 'market-unfriendly' (low governance) regimes.

Keywords: Capital market; Finance; Institutional economics; Investments; Foreign investments (search for similar items in EconPapers)
Date: 2008
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Citations: View citations in EconPapers (4)

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