Foreign Direct Investment and Civil Rights: Testing Decreasing Returns to Civil Rights

Aldo Ponce

MPRA Paper from University Library of Munich, Germany

Abstract: In this paper, I examine the effectiveness of improvements in political and civil rights for attracting foreign direct investment flows (FDI) into democracies. I contend that advances in the quality of democracy – specifically those concerning civil rights – present positive but decreasing marginal returns in attracting FDI inflows. I empirically prove this proposition by using panel data regressions within the Latin American and Eastern European contexts from periods following their democratization (1991-2003).

Keywords: foreign direct investment; civil rights; democratization; developing nations; Latin America; Eastern Europe (search for similar items in EconPapers)
JEL-codes: F21 K00 K11 K12 K31 P52 (search for similar items in EconPapers)
Date: 2010-03-15
New Economics Papers: this item is included in nep-ifn, nep-law, nep-pol and nep-tra
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:22020

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