robert g blanton shannon lindsey blanton university of memphis n.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
Rights, Institutions and FDI: An Empirical Assessment PowerPoint Presentation
Download Presentation
Rights, Institutions and FDI: An Empirical Assessment

Loading in 2 Seconds...

  share
play fullscreen
1 / 11
rossa

Rights, Institutions and FDI: An Empirical Assessment - PowerPoint PPT Presentation

70 Views
Download Presentation
Rights, Institutions and FDI: An Empirical Assessment
An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.

- - - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript

  1. Robert G. Blanton Shannon Lindsey Blanton University of Memphis Rights, Institutions and FDI: An Empirical Assessment

  2. Goal/Contribution • Examine role of rights and institutions in influencing FDI • Human Rights – personal integrity, labor rights, education • Institutions – BITs, FTAs, WTO, democratic governance • Variance across industrial sectors

  3. Political Influences on FDI • Rights • “spotlight” effect • more productive society • Institutions • reduce “dynamic inconsistency” problems • visible commitment to liberal policies

  4. Variation across sectors? Two key factors: • Skill level – linked with greater concern with rights • Dynamic Inconsistency Risks – greater need for institutional guarantees • Sunk costs • Mobility of capital

  5. Data and Research considerations • FDI data • BEA • FDI stock for 11 sectors, 1982-2007 • Leading hosts of U.S. FDI • 3 rights measures, 4 institutions measures • Rights – CIRI physical integrity and labor rights, human capital • Institutions – Polity, BITs, PTAs, WTO

  6. Specific Sectors

  7. Regression strategy • Pool observations • Unit of analysis – sector/country-year • Dummy variable + interaction terms for key independent variables • Base model (all sectors) • Model 1 – skill level dummy and interaction terms for rights and institutions variables • Model 2 – same for D.I. • Population-averaged model

  8. Findings (Key Variables)

  9. Findings – Interaction Terms

  10. Conclusions • Rights have a somewhat stronger impact than institutions • Impact of skill – rights still matter at lower skill levels contra “labor dumping” • Dynamic inconsistency • Rights – more mobile capital responsive to rights • Institutions – Democracy, WTO

  11. Implications/Further research • Democracy? • Need to further assess sociopolitical determinants • Need to account for diversity of FDI in analyses