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- W2945793023 abstract "Abstract The positive influence of foreign direct investment (FDI) on host countries' economic growth has been widely debated. Given the mixed empirical evidence, scholars have sought to find the economic preconditions under which FDI spillovers are likely to occur and facilitate economic growth in the host countries. Those preconditions are not exogenously dictated but largely shaped by governments' policy preferences. Particularly in autocracies, an autocrat's policy preferences are the driving force that determines whether a host country is likely to be equipped with growth-friendly institutions and policies. We argue that such economic institutions and policies are dependent on the time horizons of autocrats in power. Our empirical analysis covering 64 autocratic countries from 1970 to 2005 supports our main argument that FDI has a positive effect on growth when autocratic time horizons are sufficiently long, and positive FDI spillovers mainly occur through the protection of property right institutions." @default.
- W2945793023 created "2019-05-29" @default.
- W2945793023 creator A5039902851 @default.
- W2945793023 creator A5060865303 @default.
- W2945793023 date "2019-05-22" @default.
- W2945793023 modified "2023-09-26" @default.
- W2945793023 title "Autocratic time horizons and the growth effect of foreign direct investment" @default.
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- W2945793023 doi "https://doi.org/10.1017/s1468109919000057" @default.
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