Even Constrained Governments Take

Benjamin A. T. Graham, Noel P. Johnston and Allison F. Kingsley

Journal of Conflict Resolution, 2018, vol. 62, issue 8, 1784-1813

Abstract: This article analyzes an understudied and contested form of government taking, transfer restriction, which has supplanted expropriation as the most ubiquitous and costly type of international property rights violation. Veto-player-type constraints curtail governments’ ability to engage in outright and (nontransfer related) creeping expropriation but have little impact on their ability to generate wealth via transfer restrictions. We use a formal model to derive testable implications regarding the effect of political institutions and domestic politics on governments’ ability to collect these two types of rent. Empirically, we use novel time-series cross-sectional data to show that while veto-player-type political constraints diminish expropriation risk, transfer risk is much less affected: even constrained governments impose transfer restrictions.

Keywords: FDI; political economy; investment; political risk; game theory (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:sae:jocore:v:62:y:2018:i:8:p:1784-1813

DOI: 10.1177/0022002717701181

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