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  • 1
    Online-Ressource
    Online-Ressource
    Frankfurt a.M. : Peter Lang GmbH, Internationaler Verlag der Wissenschaften
    UID:
    gbv_1860702260
    Umfang: 1 online resource (350 pages)
    Ausgabe: 1st ed.
    ISBN: 9783631753644
    Serie: Goettinger Studien Zur Entwicklungsoekonomik / Goettingen Studies in Development Economics Series v.15
    Inhalt: Cover -- List of Figures -- List of Tables -- List of Abbreviations -- List of Variables -- 1 Introduction -- 1.1 The Problem -- 1.2 Concept and Methodology -- 2. Risk in the Theory of Investment -- 2.1 General Theory of Investment -- 2.1.1 Basic Theory of Investment -- 2.1.1.1 Definition and Categories of Investment -- 2.1.1.2 Opportunity Costs, Time Preference and Net Present Value Approach -- 2.1.2 Models of Investment under Certainty -- 2.1.2.1 Overview -- 2.1.2.2 The q-theory of Tobin -- 2.1.2.2.1 The Basic Model -- 2.1.2.2.2 The Romer Model -- 2.1.2.2.2.1 The Model -- 2.1.2.2.2.2 Analyzing the Model -- 2.1.2.3 Critical Evaluation of the Models -- 2.1.3 Investment under Uncertainty -- 2.1.3.1 Overview -- 2.1.3.2 Characteristics of Uncertainty and Risk -- 2.1.3.3 Uncertainty in the Romer Model -- 2.1.3.3.1 Modification of the Model -- 2.1.3.3.2 Effects of Uncertainty on Reversible Investments -- 2.1.3.3.3 Effects of Uncertainty on Irreversible Investment -- 2.1.3.4 The Dixit/Pindyck Model -- 2.1.3.4.1 Overview -- 2.1.3.4.2 The Model -- 2.1.3.4.3 Analyzing the Model -- 2.1.3.5 Critical Evaluation of the Models -- 2.1.4 Summary of Propositions -- 2.2 Theory of International Investment -- 2.2.1 Overview -- 2.2.2 Definition and Characteristics of FDI -- 2.2.3 Theoretical Determinants of FDI -- 2.2.3.1 Overview -- 2.2.3.2 The Eclectic Paradigm as Analytical Framework -- 2.2.4 Empirical Studies of Aggregate FDI -- 2.2.4.1 Overview -- 2.2.4.2 Empirical Determinants of FDI -- 2.2.5 Political Risk and International Investment -- 2.2.5.1 Definition of Political Risk -- 2.2.5.2 Categories of Political Risk and Anecdotal Evidence -- 2.2.5.3 Modeling Political Risks for International investors -- 2.2.5.3.1 Existing Models of Political Risks -- 2.2.5.3.2 Implications of General Investment Models -- 2.2.5.4 Empirical Evidence -- 2.3 Concluding Remarks.
    Anmerkung: Description based on publisher supplied metadata and other sources
    Weitere Ausg.: ISBN 9783631533468
    Weitere Ausg.: Erscheint auch als Druck-Ausgabe ISBN 9783631533468
    Sprache: Englisch
    Schlagwort(e): Electronic books.
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  • 2
    UID:
    gbv_1615132988
    Umfang: XXI, 321 S. , graph. Darst.
    ISBN: 3631533462
    Serie: Göttinger Studien zur Entwicklungsökonomik, de desarollo económico, in development economics 15
    Anmerkung: Zugl.: Göttingen, Univ., Diss., 2004
    Weitere Ausg.: Elektronische Reproduktion Stosberg, Jörg Political risk and the institutional environment for foreign direct investment in Latin America Frankfurt am Main [u.a.] : Lang, 2005 ISBN 9783631753644
    Sprache: Englisch
    Fachgebiete: Wirtschaftswissenschaften
    RVK:
    RVK:
    Schlagwort(e): Lateinamerika ; Direktinvestition ; Politisches Risiko ; Politische Steuerung ; Mexiko ; Länderrisiko ; Direktinvestition ; Fallstudie ; Hochschulschrift
    Bibliothek Standort Signatur Band/Heft/Jahr Verfügbarkeit
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  • 3
    UID:
    gbv_1048382389
    Umfang: XV, 321 S , graph. Darst , 230 mm x 160 mm
    Ausgabe: Online-Ausgabe Frankfurt am Main Verlag Peter Lang 2018 1 Online-Ressource
    ISBN: 9783631753644
    Serie: Göttingen studies in development economics vol. 15
    Inhalt: The intensification of capital flows is an important characteristic of globalization. Attracting foreign direct investment is a viable way of ensuring the external financing of developing countries. Foreign direct investment flows, in turn, are determined by the decisions of multinational enterprises. One important determinant of investment decisions is the political environment of potential host countries. Political risks like expropriations, riots, revolutions or civil wars are important obstacles for investment. This book empirically analyzes the impact of political risks on foreign direct investment flows to Latin American countries. A case study of Mexico and its policy towards foreign investors offers further empirical evidence for the importance of the political environment for investment decisions of multinationals.
    Anmerkung: Dissertation Universität Göttingen 2004
    Weitere Ausg.: ISBN 3631533462
    Weitere Ausg.: Elektronische Reproduktion von Stosberg, Jörg Political risk and the institutional environment for foreign direct investment in Latin America Frankfurt am Main [u.a.] : Lang, 2005 ISBN 3631533462
    Sprache: Englisch
    Fachgebiete: Wirtschaftswissenschaften
    RVK:
    RVK:
    Schlagwort(e): Lateinamerika ; Direktinvestition ; Politisches Risiko ; Politische Steuerung ; Mexiko ; Länderrisiko ; Direktinvestition ; Hochschulschrift
    URL: Volltext  (kostenfrei)
    Bibliothek Standort Signatur Band/Heft/Jahr Verfügbarkeit
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  • 4
    Online-Ressource
    Online-Ressource
    Frankfurt a.M. : Peter Lang GmbH, Internationaler Verlag der Wissenschaften
    UID:
    almahu_9948168566802882
    Umfang: 1 online resource
    Ausgabe: 1st, New ed.
    ISBN: 9783631753644
    Serie: Göttinger Studien zur Entwicklungsökonomik / Göttingen Studies in Development Economics 15
    Inhalt: The intensification of capital flows is an important characteristic of globalization. Attracting foreign direct investment is a viable way of ensuring the external financing of developing countries. Foreign direct investment flows, in turn, are determined by the decisions of multinational enterprises. One important determinant of investment decisions is the political environment of potential host countries. Political risks like expropriations, riots, revolutions or civil wars are important obstacles for investment. This book empirically analyzes the impact of political risks on foreign direct investment flows to Latin American countries. A case study of Mexico and its policy towards foreign investors offers further empirical evidence for the importance of the political environment for investment decisions of multinationals.
    Anmerkung: Doctoral Thesis , Contents: Theoretical analysis of investment decisions with political risks – Classification of political risks – Theoretical analysis of the emergence of political risks – Empirical analysis of the impact of political risk on foreign direct investment flows to Latin America – Empirical analysis of the impact of political risk on foreign direct investment flows to Mexico.
    Weitere Ausg.: ISBN 9783631533468
    Sprache: Englisch
    Bibliothek Standort Signatur Band/Heft/Jahr Verfügbarkeit
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  • 5
    Online-Ressource
    Online-Ressource
    Frankfurt a.M. :Peter Lang GmbH, Internationaler Verlag der Wissenschaften,
    UID:
    almahu_9949568380902882
    Umfang: 1 online resource (350 pages)
    Ausgabe: 1st ed.
    ISBN: 9783631753644
    Serie: Goettinger Studien Zur Entwicklungsoekonomik / Goettingen Studies in Development Economics Series ; v.15
    Anmerkung: Cover -- List of Figures -- List of Tables -- List of Abbreviations -- List of Variables -- 1 Introduction -- 1.1 The Problem -- 1.2 Concept and Methodology -- 2. Risk in the Theory of Investment -- 2.1 General Theory of Investment -- 2.1.1 Basic Theory of Investment -- 2.1.1.1 Definition and Categories of Investment -- 2.1.1.2 Opportunity Costs, Time Preference and Net Present Value Approach -- 2.1.2 Models of Investment under Certainty -- 2.1.2.1 Overview -- 2.1.2.2 The q-theory of Tobin -- 2.1.2.2.1 The Basic Model -- 2.1.2.2.2 The Romer Model -- 2.1.2.2.2.1 The Model -- 2.1.2.2.2.2 Analyzing the Model -- 2.1.2.3 Critical Evaluation of the Models -- 2.1.3 Investment under Uncertainty -- 2.1.3.1 Overview -- 2.1.3.2 Characteristics of Uncertainty and Risk -- 2.1.3.3 Uncertainty in the Romer Model -- 2.1.3.3.1 Modification of the Model -- 2.1.3.3.2 Effects of Uncertainty on Reversible Investments -- 2.1.3.3.3 Effects of Uncertainty on Irreversible Investment -- 2.1.3.4 The Dixit/Pindyck Model -- 2.1.3.4.1 Overview -- 2.1.3.4.2 The Model -- 2.1.3.4.3 Analyzing the Model -- 2.1.3.5 Critical Evaluation of the Models -- 2.1.4 Summary of Propositions -- 2.2 Theory of International Investment -- 2.2.1 Overview -- 2.2.2 Definition and Characteristics of FDI -- 2.2.3 Theoretical Determinants of FDI -- 2.2.3.1 Overview -- 2.2.3.2 The Eclectic Paradigm as Analytical Framework -- 2.2.4 Empirical Studies of Aggregate FDI -- 2.2.4.1 Overview -- 2.2.4.2 Empirical Determinants of FDI -- 2.2.5 Political Risk and International Investment -- 2.2.5.1 Definition of Political Risk -- 2.2.5.2 Categories of Political Risk and Anecdotal Evidence -- 2.2.5.3 Modeling Political Risks for International investors -- 2.2.5.3.1 Existing Models of Political Risks -- 2.2.5.3.2 Implications of General Investment Models -- 2.2.5.4 Empirical Evidence -- 2.3 Concluding Remarks. , 2.4 Chapter Summary -- 3. Political Risk and National Institutions -- 3.1 Political Institutions and Economic Performance -- 3.1.1 Overview -- 3.1.2 The Analytical Framework -- 3.1.2.1 Theoretical Foundations -- 3.1.2.2 Property Rights -- 3.1.2.3 The Concept of Credible Commitment -- 3.1.2.4 Rule of Law -- 3.1.2.5 Discretionary Freedom of the Government -- 3.1.2.6 The Concept of Social Capital -- 3.1.3 Political Regime Type and FDI -- 3.1.3.1 Systematic Order Of Political Regimes -- 3.1.3.2 Economic Analysis of Political Regimes -- 3.2. Modeling the Emergence of Political Risks -- 3.2.1 Classical Political Risk Models -- 3.2.2 The Political Constraints Model -- 3.2.3 The Effective Party Approach -- 3.2.4 Synthesis and Hypothesis -- 3.3 Empirical Measures of Political Risks -- 3.3.1 Overview -- 3.3.2 The International Country Risk Guide (ICRG) -- 3.3.3 The POLCON-Index -- 3.3.4 Critical Evaluations of the Indices -- 3.4 Mitigating Political Risk -- 3.4.1 Overview -- 3.4.2 National Mitigation Strategies -- 3.4.2.1 Investment Incentives, Social Standards and Environmental Legislation -- 3.4.2.2 Macroeconomic Stability -- 3.4.2.3 Accountability, Transparency and Rules-Based Governance -- 3.4.3 International Strategies -- 3.4.3.1 Multilateral Agreements -- 3.4.3.2 Bilateral Agreements and Regional Integration -- 3.5 Conclusion -- 3.6 Chapter Summary -- 4. Political Risk and FDI in Latin America -- 4.1 Stylized Facts on Foreign Investment in Latin America -- 4.2 Empirical Investigation of the Impact of Political Risk on FDI -- 4.2.1 Methodology -- 4.2.2 Model Specification -- 4.2.3 Data Issues -- 4.2.4 Results -- 4.3 Conclusions -- 4.4 Chapter Summary -- 5. Political Risk and FDI in Mexico -- 5.1 Politics in Mexico -- 5.1.1 Stylized Facts of Mexican Political History -- 5.1.2 The Current Political System in Mexico -- 5.1.2.1 Overview. , 5.1.2.2 The Executive Branch of Government -- 5.1.2.3 The Legislative Branch of Government -- 5.1.2.4 The National Judiciary -- 5.1.2.5 The Political Parties -- 5.1.2.6 The Federalist System -- 5.1.2.7 Freedom of Speech, Press and Media -- 5.2 Foreign Capital Flows to Mexico -- 5.2.1 Brief Economic History -- 5.2.1.1 Overview -- 5.2.1.2 The Reform Period 1982-today -- 5.2.2 The Evolution of Foreign Investment to Mexico -- 5.2.2.1 The Mexican Foreign Investment Legislation -- 5.2.2.1.1 The Evolution of the National FDI Legislation -- 5.2.2.1.2 Investment Legislation of NAFTA and other Bilateral Agreements -- 5.2.2.2 Mexican Foreign Investment Policy and Inflows of FDI to Mexico -- 5.2.2.3 The Structure and Geographical Origins of FDI to Mexico -- 5.3 Political Risk in Mexico -- 5.3.1 Overview -- 5.3.2 The Macroeconomic Environment -- 5.3.3 Mexican Institutions and Risk -- 5.3.3.1 Government Stability, Political Constraints and Regime Type -- 5.3.3.2 Rule Of Law -- 5.3.3.3 Corruption -- 5.3.3.4 Protection of Property Rights -- 5.3.4 Societal Factors of Risk -- 5.3.4.1 Overview -- 5.3.4.2 Ethnic, Religious and other Internal Conflicts -- 5.3.4.3 Governmental Legitimacy in Mexico -- 5.3.5 Aggregate Political Risk in Mexico -- 5.4 Risk Mitigation Strategies in Mexico -- 5.4.1 National Risk Mitigation Strategies -- 5.4.1.1 Investment Enhancement by Incentives -- 5.4.1.2 The Beauty Contest -- 5.4.2 The International Risk Mitigation Strategy -- 5.5 Conclusion -- 5.6 Chapter Summary -- 6. Conclusion and Outlook -- Annex I -- Annex II -- References.
    Weitere Ausg.: Print version: Stosberg, Jörg Political Risk and the Institutional Environment for Foreign Direct Investment in Latin America Frankfurt a.M. : Peter Lang GmbH, Internationaler Verlag der Wissenschaften,c2004 ISBN 9783631533468
    Sprache: Englisch
    Schlagwort(e): Electronic books.
    Bibliothek Standort Signatur Band/Heft/Jahr Verfügbarkeit
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  • 6
    UID:
    kobvindex_ZLB13823874
    Umfang: XV, 321 Seiten , graph. Darst.
    ISBN: 3631533462
    Serie: Göttinger Studien zur Entwicklungsökonomik 15
    Anmerkung: Text engl.
    Sprache: Englisch
    Schlagwort(e): Lateinamerika ; Direktinvestition ; Politisches Risiko ; Entwicklungspolitik ; Hochschulschrift
    Bibliothek Standort Signatur Band/Heft/Jahr Verfügbarkeit
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  • 7
    UID:
    b3kat_BV019878333
    Umfang: XV, 321 S. , graph. Darst.
    ISBN: 0820476595 , 3631533462
    Serie: Göttinger Studien zur Entwicklungsökonomik 15
    Anmerkung: Zugl.: Göttingen, Univ., Diss., 2004
    Sprache: Englisch
    Fachgebiete: Wirtschaftswissenschaften
    RVK:
    Schlagwort(e): Lateinamerika ; Direktinvestition ; Politisches Risiko ; Politische Steuerung ; Mexiko ; Länderrisiko ; Direktinvestition ; Hochschulschrift
    Bibliothek Standort Signatur Band/Heft/Jahr Verfügbarkeit
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  • 8
    Online-Ressource
    Online-Ressource
    Bern : Peter Lang International Academic Publishing Group | Frankfurt am Main, Germany :Peter Lang,
    UID:
    almahu_9949561318002882
    Umfang: 1 online resource (342)
    Ausgabe: 1st ed.
    ISBN: 3-631-75364-0
    Serie: Göttingen Studies in Development Economics ; Volume 15
    Inhalt: The intensification of capital flows is an important characteristic of globalization. Attracting foreign direct investment is a viable way of ensuring the external financing of developing countries. Foreign direct investment flows, in turn, are determined by the decisions of multinational enterprises. One important determinant of investment decisions is the political environment of potential host countries. Political risks like expropriations, riots, revolutions or civil wars are important obstacles for investment. This book empirically analyzes the impact of political risks on foreign direct investment flows to Latin American countries. A case study of Mexico and its policy towards foreign investors offers further empirical evidence for the importance of the political environment for investment decisions of multinationals.
    Anmerkung: Cover -- List of Figures -- List of Tables -- List of Abbreviations -- List of Variables -- 1 Introduction -- 1.1 The Problem -- 1.2 Concept and Methodology -- 2. Risk in the Theory of Investment -- 2.1 General Theory of Investment -- 2.1.1 Basic Theory of Investment -- 2.1.1.1 Definition and Categories of Investment -- 2.1.1.2 Opportunity Costs, Time Preference and Net Present Value Approach -- 2.1.2 Models of Investment under Certainty -- 2.1.2.1 Overview -- 2.1.2.2 The q-theory of Tobin -- 2.1.2.2.1 The Basic Model -- 2.1.2.2.2 The Romer Model -- 2.1.2.2.2.1 The Model -- 2.1.2.2.2.2 Analyzing the Model -- 2.1.2.3 Critical Evaluation of the Models -- 2.1.3 Investment under Uncertainty -- 2.1.3.1 Overview -- 2.1.3.2 Characteristics of Uncertainty and Risk -- 2.1.3.3 Uncertainty in the Romer Model -- 2.1.3.3.1 Modification of the Model -- 2.1.3.3.2 Effects of Uncertainty on Reversible Investments -- 2.1.3.3.3 Effects of Uncertainty on Irreversible Investment -- 2.1.3.4 The Dixit/Pindyck Model -- 2.1.3.4.1 Overview -- 2.1.3.4.2 The Model -- 2.1.3.4.3 Analyzing the Model -- 2.1.3.5 Critical Evaluation of the Models -- 2.1.4 Summary of Propositions -- 2.2 Theory of International Investment -- 2.2.1 Overview -- 2.2.2 Definition and Characteristics of FDI -- 2.2.3 Theoretical Determinants of FDI -- 2.2.3.1 Overview -- 2.2.3.2 The Eclectic Paradigm as Analytical Framework -- 2.2.4 Empirical Studies of Aggregate FDI -- 2.2.4.1 Overview -- 2.2.4.2 Empirical Determinants of FDI -- 2.2.5 Political Risk and International Investment -- 2.2.5.1 Definition of Political Risk -- 2.2.5.2 Categories of Political Risk and Anecdotal Evidence -- 2.2.5.3 Modeling Political Risks for International investors -- 2.2.5.3.1 Existing Models of Political Risks -- 2.2.5.3.2 Implications of General Investment Models -- 2.2.5.4 Empirical Evidence -- 2.3 Concluding Remarks. , 2.4 Chapter Summary -- 3. Political Risk and National Institutions -- 3.1 Political Institutions and Economic Performance -- 3.1.1 Overview -- 3.1.2 The Analytical Framework -- 3.1.2.1 Theoretical Foundations -- 3.1.2.2 Property Rights -- 3.1.2.3 The Concept of Credible Commitment -- 3.1.2.4 Rule of Law -- 3.1.2.5 Discretionary Freedom of the Government -- 3.1.2.6 The Concept of Social Capital -- 3.1.3 Political Regime Type and FDI -- 3.1.3.1 Systematic Order Of Political Regimes -- 3.1.3.2 Economic Analysis of Political Regimes -- 3.2. Modeling the Emergence of Political Risks -- 3.2.1 Classical Political Risk Models -- 3.2.2 The Political Constraints Model -- 3.2.3 The Effective Party Approach -- 3.2.4 Synthesis and Hypothesis -- 3.3 Empirical Measures of Political Risks -- 3.3.1 Overview -- 3.3.2 The International Country Risk Guide (ICRG) -- 3.3.3 The POLCON-Index -- 3.3.4 Critical Evaluations of the Indices -- 3.4 Mitigating Political Risk -- 3.4.1 Overview -- 3.4.2 National Mitigation Strategies -- 3.4.2.1 Investment Incentives, Social Standards and Environmental Legislation -- 3.4.2.2 Macroeconomic Stability -- 3.4.2.3 Accountability, Transparency and Rules-Based Governance -- 3.4.3 International Strategies -- 3.4.3.1 Multilateral Agreements -- 3.4.3.2 Bilateral Agreements and Regional Integration -- 3.5 Conclusion -- 3.6 Chapter Summary -- 4. Political Risk and FDI in Latin America -- 4.1 Stylized Facts on Foreign Investment in Latin America -- 4.2 Empirical Investigation of the Impact of Political Risk on FDI -- 4.2.1 Methodology -- 4.2.2 Model Specification -- 4.2.3 Data Issues -- 4.2.4 Results -- 4.3 Conclusions -- 4.4 Chapter Summary -- 5. Political Risk and FDI in Mexico -- 5.1 Politics in Mexico -- 5.1.1 Stylized Facts of Mexican Political History -- 5.1.2 The Current Political System in Mexico -- 5.1.2.1 Overview. , 5.1.2.2 The Executive Branch of Government -- 5.1.2.3 The Legislative Branch of Government -- 5.1.2.4 The National Judiciary -- 5.1.2.5 The Political Parties -- 5.1.2.6 The Federalist System -- 5.1.2.7 Freedom of Speech, Press and Media -- 5.2 Foreign Capital Flows to Mexico -- 5.2.1 Brief Economic History -- 5.2.1.1 Overview -- 5.2.1.2 The Reform Period 1982-today -- 5.2.2 The Evolution of Foreign Investment to Mexico -- 5.2.2.1 The Mexican Foreign Investment Legislation -- 5.2.2.1.1 The Evolution of the National FDI Legislation -- 5.2.2.1.2 Investment Legislation of NAFTA and other Bilateral Agreements -- 5.2.2.2 Mexican Foreign Investment Policy and Inflows of FDI to Mexico -- 5.2.2.3 The Structure and Geographical Origins of FDI to Mexico -- 5.3 Political Risk in Mexico -- 5.3.1 Overview -- 5.3.2 The Macroeconomic Environment -- 5.3.3 Mexican Institutions and Risk -- 5.3.3.1 Government Stability, Political Constraints and Regime Type -- 5.3.3.2 Rule Of Law -- 5.3.3.3 Corruption -- 5.3.3.4 Protection of Property Rights -- 5.3.4 Societal Factors of Risk -- 5.3.4.1 Overview -- 5.3.4.2 Ethnic, Religious and other Internal Conflicts -- 5.3.4.3 Governmental Legitimacy in Mexico -- 5.3.5 Aggregate Political Risk in Mexico -- 5.4 Risk Mitigation Strategies in Mexico -- 5.4.1 National Risk Mitigation Strategies -- 5.4.1.1 Investment Enhancement by Incentives -- 5.4.1.2 The Beauty Contest -- 5.4.2 The International Risk Mitigation Strategy -- 5.5 Conclusion -- 5.6 Chapter Summary -- 6. Conclusion and Outlook -- Annex I -- Annex II -- References. , English.
    Weitere Ausg.: ISBN 3-631-53346-2
    Sprache: Englisch
    Bibliothek Standort Signatur Band/Heft/Jahr Verfügbarkeit
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  • 9
    Online-Ressource
    Online-Ressource
    Bern : Peter Lang International Academic Publishing Group | Frankfurt am Main, Germany :Peter Lang,
    UID:
    edocfu_9958982573002883
    Umfang: 1 online resource (342)
    Ausgabe: 1st ed.
    ISBN: 3-631-75364-0
    Serie: Göttingen Studies in Development Economics ; Volume 15
    Inhalt: The intensification of capital flows is an important characteristic of globalization. Attracting foreign direct investment is a viable way of ensuring the external financing of developing countries. Foreign direct investment flows, in turn, are determined by the decisions of multinational enterprises. One important determinant of investment decisions is the political environment of potential host countries. Political risks like expropriations, riots, revolutions or civil wars are important obstacles for investment. This book empirically analyzes the impact of political risks on foreign direct investment flows to Latin American countries. A case study of Mexico and its policy towards foreign investors offers further empirical evidence for the importance of the political environment for investment decisions of multinationals.
    Anmerkung: Cover -- List of Figures -- List of Tables -- List of Abbreviations -- List of Variables -- 1 Introduction -- 1.1 The Problem -- 1.2 Concept and Methodology -- 2. Risk in the Theory of Investment -- 2.1 General Theory of Investment -- 2.1.1 Basic Theory of Investment -- 2.1.1.1 Definition and Categories of Investment -- 2.1.1.2 Opportunity Costs, Time Preference and Net Present Value Approach -- 2.1.2 Models of Investment under Certainty -- 2.1.2.1 Overview -- 2.1.2.2 The q-theory of Tobin -- 2.1.2.2.1 The Basic Model -- 2.1.2.2.2 The Romer Model -- 2.1.2.2.2.1 The Model -- 2.1.2.2.2.2 Analyzing the Model -- 2.1.2.3 Critical Evaluation of the Models -- 2.1.3 Investment under Uncertainty -- 2.1.3.1 Overview -- 2.1.3.2 Characteristics of Uncertainty and Risk -- 2.1.3.3 Uncertainty in the Romer Model -- 2.1.3.3.1 Modification of the Model -- 2.1.3.3.2 Effects of Uncertainty on Reversible Investments -- 2.1.3.3.3 Effects of Uncertainty on Irreversible Investment -- 2.1.3.4 The Dixit/Pindyck Model -- 2.1.3.4.1 Overview -- 2.1.3.4.2 The Model -- 2.1.3.4.3 Analyzing the Model -- 2.1.3.5 Critical Evaluation of the Models -- 2.1.4 Summary of Propositions -- 2.2 Theory of International Investment -- 2.2.1 Overview -- 2.2.2 Definition and Characteristics of FDI -- 2.2.3 Theoretical Determinants of FDI -- 2.2.3.1 Overview -- 2.2.3.2 The Eclectic Paradigm as Analytical Framework -- 2.2.4 Empirical Studies of Aggregate FDI -- 2.2.4.1 Overview -- 2.2.4.2 Empirical Determinants of FDI -- 2.2.5 Political Risk and International Investment -- 2.2.5.1 Definition of Political Risk -- 2.2.5.2 Categories of Political Risk and Anecdotal Evidence -- 2.2.5.3 Modeling Political Risks for International investors -- 2.2.5.3.1 Existing Models of Political Risks -- 2.2.5.3.2 Implications of General Investment Models -- 2.2.5.4 Empirical Evidence -- 2.3 Concluding Remarks. , 2.4 Chapter Summary -- 3. Political Risk and National Institutions -- 3.1 Political Institutions and Economic Performance -- 3.1.1 Overview -- 3.1.2 The Analytical Framework -- 3.1.2.1 Theoretical Foundations -- 3.1.2.2 Property Rights -- 3.1.2.3 The Concept of Credible Commitment -- 3.1.2.4 Rule of Law -- 3.1.2.5 Discretionary Freedom of the Government -- 3.1.2.6 The Concept of Social Capital -- 3.1.3 Political Regime Type and FDI -- 3.1.3.1 Systematic Order Of Political Regimes -- 3.1.3.2 Economic Analysis of Political Regimes -- 3.2. Modeling the Emergence of Political Risks -- 3.2.1 Classical Political Risk Models -- 3.2.2 The Political Constraints Model -- 3.2.3 The Effective Party Approach -- 3.2.4 Synthesis and Hypothesis -- 3.3 Empirical Measures of Political Risks -- 3.3.1 Overview -- 3.3.2 The International Country Risk Guide (ICRG) -- 3.3.3 The POLCON-Index -- 3.3.4 Critical Evaluations of the Indices -- 3.4 Mitigating Political Risk -- 3.4.1 Overview -- 3.4.2 National Mitigation Strategies -- 3.4.2.1 Investment Incentives, Social Standards and Environmental Legislation -- 3.4.2.2 Macroeconomic Stability -- 3.4.2.3 Accountability, Transparency and Rules-Based Governance -- 3.4.3 International Strategies -- 3.4.3.1 Multilateral Agreements -- 3.4.3.2 Bilateral Agreements and Regional Integration -- 3.5 Conclusion -- 3.6 Chapter Summary -- 4. Political Risk and FDI in Latin America -- 4.1 Stylized Facts on Foreign Investment in Latin America -- 4.2 Empirical Investigation of the Impact of Political Risk on FDI -- 4.2.1 Methodology -- 4.2.2 Model Specification -- 4.2.3 Data Issues -- 4.2.4 Results -- 4.3 Conclusions -- 4.4 Chapter Summary -- 5. Political Risk and FDI in Mexico -- 5.1 Politics in Mexico -- 5.1.1 Stylized Facts of Mexican Political History -- 5.1.2 The Current Political System in Mexico -- 5.1.2.1 Overview. , 5.1.2.2 The Executive Branch of Government -- 5.1.2.3 The Legislative Branch of Government -- 5.1.2.4 The National Judiciary -- 5.1.2.5 The Political Parties -- 5.1.2.6 The Federalist System -- 5.1.2.7 Freedom of Speech, Press and Media -- 5.2 Foreign Capital Flows to Mexico -- 5.2.1 Brief Economic History -- 5.2.1.1 Overview -- 5.2.1.2 The Reform Period 1982-today -- 5.2.2 The Evolution of Foreign Investment to Mexico -- 5.2.2.1 The Mexican Foreign Investment Legislation -- 5.2.2.1.1 The Evolution of the National FDI Legislation -- 5.2.2.1.2 Investment Legislation of NAFTA and other Bilateral Agreements -- 5.2.2.2 Mexican Foreign Investment Policy and Inflows of FDI to Mexico -- 5.2.2.3 The Structure and Geographical Origins of FDI to Mexico -- 5.3 Political Risk in Mexico -- 5.3.1 Overview -- 5.3.2 The Macroeconomic Environment -- 5.3.3 Mexican Institutions and Risk -- 5.3.3.1 Government Stability, Political Constraints and Regime Type -- 5.3.3.2 Rule Of Law -- 5.3.3.3 Corruption -- 5.3.3.4 Protection of Property Rights -- 5.3.4 Societal Factors of Risk -- 5.3.4.1 Overview -- 5.3.4.2 Ethnic, Religious and other Internal Conflicts -- 5.3.4.3 Governmental Legitimacy in Mexico -- 5.3.5 Aggregate Political Risk in Mexico -- 5.4 Risk Mitigation Strategies in Mexico -- 5.4.1 National Risk Mitigation Strategies -- 5.4.1.1 Investment Enhancement by Incentives -- 5.4.1.2 The Beauty Contest -- 5.4.2 The International Risk Mitigation Strategy -- 5.5 Conclusion -- 5.6 Chapter Summary -- 6. Conclusion and Outlook -- Annex I -- Annex II -- References. , English.
    Weitere Ausg.: ISBN 3-631-53346-2
    Sprache: Englisch
    Bibliothek Standort Signatur Band/Heft/Jahr Verfügbarkeit
    BibTip Andere fanden auch interessant ...
  • 10
    Online-Ressource
    Online-Ressource
    Bern : Peter Lang International Academic Publishing Group | Frankfurt am Main, Germany :Peter Lang,
    UID:
    edoccha_9958982573002883
    Umfang: 1 online resource (342)
    Ausgabe: 1st ed.
    ISBN: 3-631-75364-0
    Serie: Göttingen Studies in Development Economics ; Volume 15
    Inhalt: The intensification of capital flows is an important characteristic of globalization. Attracting foreign direct investment is a viable way of ensuring the external financing of developing countries. Foreign direct investment flows, in turn, are determined by the decisions of multinational enterprises. One important determinant of investment decisions is the political environment of potential host countries. Political risks like expropriations, riots, revolutions or civil wars are important obstacles for investment. This book empirically analyzes the impact of political risks on foreign direct investment flows to Latin American countries. A case study of Mexico and its policy towards foreign investors offers further empirical evidence for the importance of the political environment for investment decisions of multinationals.
    Anmerkung: Cover -- List of Figures -- List of Tables -- List of Abbreviations -- List of Variables -- 1 Introduction -- 1.1 The Problem -- 1.2 Concept and Methodology -- 2. Risk in the Theory of Investment -- 2.1 General Theory of Investment -- 2.1.1 Basic Theory of Investment -- 2.1.1.1 Definition and Categories of Investment -- 2.1.1.2 Opportunity Costs, Time Preference and Net Present Value Approach -- 2.1.2 Models of Investment under Certainty -- 2.1.2.1 Overview -- 2.1.2.2 The q-theory of Tobin -- 2.1.2.2.1 The Basic Model -- 2.1.2.2.2 The Romer Model -- 2.1.2.2.2.1 The Model -- 2.1.2.2.2.2 Analyzing the Model -- 2.1.2.3 Critical Evaluation of the Models -- 2.1.3 Investment under Uncertainty -- 2.1.3.1 Overview -- 2.1.3.2 Characteristics of Uncertainty and Risk -- 2.1.3.3 Uncertainty in the Romer Model -- 2.1.3.3.1 Modification of the Model -- 2.1.3.3.2 Effects of Uncertainty on Reversible Investments -- 2.1.3.3.3 Effects of Uncertainty on Irreversible Investment -- 2.1.3.4 The Dixit/Pindyck Model -- 2.1.3.4.1 Overview -- 2.1.3.4.2 The Model -- 2.1.3.4.3 Analyzing the Model -- 2.1.3.5 Critical Evaluation of the Models -- 2.1.4 Summary of Propositions -- 2.2 Theory of International Investment -- 2.2.1 Overview -- 2.2.2 Definition and Characteristics of FDI -- 2.2.3 Theoretical Determinants of FDI -- 2.2.3.1 Overview -- 2.2.3.2 The Eclectic Paradigm as Analytical Framework -- 2.2.4 Empirical Studies of Aggregate FDI -- 2.2.4.1 Overview -- 2.2.4.2 Empirical Determinants of FDI -- 2.2.5 Political Risk and International Investment -- 2.2.5.1 Definition of Political Risk -- 2.2.5.2 Categories of Political Risk and Anecdotal Evidence -- 2.2.5.3 Modeling Political Risks for International investors -- 2.2.5.3.1 Existing Models of Political Risks -- 2.2.5.3.2 Implications of General Investment Models -- 2.2.5.4 Empirical Evidence -- 2.3 Concluding Remarks. , 2.4 Chapter Summary -- 3. Political Risk and National Institutions -- 3.1 Political Institutions and Economic Performance -- 3.1.1 Overview -- 3.1.2 The Analytical Framework -- 3.1.2.1 Theoretical Foundations -- 3.1.2.2 Property Rights -- 3.1.2.3 The Concept of Credible Commitment -- 3.1.2.4 Rule of Law -- 3.1.2.5 Discretionary Freedom of the Government -- 3.1.2.6 The Concept of Social Capital -- 3.1.3 Political Regime Type and FDI -- 3.1.3.1 Systematic Order Of Political Regimes -- 3.1.3.2 Economic Analysis of Political Regimes -- 3.2. Modeling the Emergence of Political Risks -- 3.2.1 Classical Political Risk Models -- 3.2.2 The Political Constraints Model -- 3.2.3 The Effective Party Approach -- 3.2.4 Synthesis and Hypothesis -- 3.3 Empirical Measures of Political Risks -- 3.3.1 Overview -- 3.3.2 The International Country Risk Guide (ICRG) -- 3.3.3 The POLCON-Index -- 3.3.4 Critical Evaluations of the Indices -- 3.4 Mitigating Political Risk -- 3.4.1 Overview -- 3.4.2 National Mitigation Strategies -- 3.4.2.1 Investment Incentives, Social Standards and Environmental Legislation -- 3.4.2.2 Macroeconomic Stability -- 3.4.2.3 Accountability, Transparency and Rules-Based Governance -- 3.4.3 International Strategies -- 3.4.3.1 Multilateral Agreements -- 3.4.3.2 Bilateral Agreements and Regional Integration -- 3.5 Conclusion -- 3.6 Chapter Summary -- 4. Political Risk and FDI in Latin America -- 4.1 Stylized Facts on Foreign Investment in Latin America -- 4.2 Empirical Investigation of the Impact of Political Risk on FDI -- 4.2.1 Methodology -- 4.2.2 Model Specification -- 4.2.3 Data Issues -- 4.2.4 Results -- 4.3 Conclusions -- 4.4 Chapter Summary -- 5. Political Risk and FDI in Mexico -- 5.1 Politics in Mexico -- 5.1.1 Stylized Facts of Mexican Political History -- 5.1.2 The Current Political System in Mexico -- 5.1.2.1 Overview. , 5.1.2.2 The Executive Branch of Government -- 5.1.2.3 The Legislative Branch of Government -- 5.1.2.4 The National Judiciary -- 5.1.2.5 The Political Parties -- 5.1.2.6 The Federalist System -- 5.1.2.7 Freedom of Speech, Press and Media -- 5.2 Foreign Capital Flows to Mexico -- 5.2.1 Brief Economic History -- 5.2.1.1 Overview -- 5.2.1.2 The Reform Period 1982-today -- 5.2.2 The Evolution of Foreign Investment to Mexico -- 5.2.2.1 The Mexican Foreign Investment Legislation -- 5.2.2.1.1 The Evolution of the National FDI Legislation -- 5.2.2.1.2 Investment Legislation of NAFTA and other Bilateral Agreements -- 5.2.2.2 Mexican Foreign Investment Policy and Inflows of FDI to Mexico -- 5.2.2.3 The Structure and Geographical Origins of FDI to Mexico -- 5.3 Political Risk in Mexico -- 5.3.1 Overview -- 5.3.2 The Macroeconomic Environment -- 5.3.3 Mexican Institutions and Risk -- 5.3.3.1 Government Stability, Political Constraints and Regime Type -- 5.3.3.2 Rule Of Law -- 5.3.3.3 Corruption -- 5.3.3.4 Protection of Property Rights -- 5.3.4 Societal Factors of Risk -- 5.3.4.1 Overview -- 5.3.4.2 Ethnic, Religious and other Internal Conflicts -- 5.3.4.3 Governmental Legitimacy in Mexico -- 5.3.5 Aggregate Political Risk in Mexico -- 5.4 Risk Mitigation Strategies in Mexico -- 5.4.1 National Risk Mitigation Strategies -- 5.4.1.1 Investment Enhancement by Incentives -- 5.4.1.2 The Beauty Contest -- 5.4.2 The International Risk Mitigation Strategy -- 5.5 Conclusion -- 5.6 Chapter Summary -- 6. Conclusion and Outlook -- Annex I -- Annex II -- References. , English.
    Weitere Ausg.: ISBN 3-631-53346-2
    Sprache: Englisch
    Bibliothek Standort Signatur Band/Heft/Jahr Verfügbarkeit
    BibTip Andere fanden auch interessant ...
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