Семинар "Политическая экономика": Laurent Weill об анализе инвестиционного климата при диктатуре.

На семинаре "Политическая экономика" Laurent Weill (University of Strasbourg) рассказал о том, как влияет личность диктатора на желание иностранных инвесторов вкладывать деньги в страну.

Тема: Are some dictators more attractive to foreign investors?

Аннотация:

Since political uncertainty is greater in dictatorship than in democracy, we test the hypothesis that foreign investors scrutinize public information on dictator to assess this risk. In particular, we assume they use five suitable dictators’ characteristics: age, political experience, education level, education in economics, and prior experience in business. We perform fixed effects estimations to explain FDI inflows on an unbalanced panel of 100 dictatorial countries from 1973 to 2008. We find that educated dictators are more attractive to foreign investors. We obtain strong evidence that greater educational attainment of the leader favors FDI. We also find evidence that education in economics of the leader enhances FDI. By contrast, age, political experience, and prior experience in business have no relationship with FDI. Our results are robust to several tests and checks, including the comparison with democracies.

Совместный научный семинар "Политическая экономика" с Лабораторией исследования социальных отношений и многообразия общества РЭШ (ЛИСОМО РЭШ) и Международным центром изучения институтов и развития НИУ ВШЭ (МЦИИР ВШЭ) состоялся 16 мая 2019г.

Руководитель семинара: А.В. Захаров (НИУ ВШЭ), К.И. Сонин (НИУ ВШЭ, The University of Chicago Harris School of Public Policy)