Politics and international investment : measuring risks and protecting profits / Witold Jerzy Henisz ; foreword by Oliver E. Williamson.

Format:

Book

Author/Creator:

Henisz, Witold J.

Language:

English

Subjects (All):

Investments, Foreign.

Investments, Foreign--Political aspects.

Political stability.

Physical Description:

xi, 195 pages : illustrations ; 23 cm

Place of Publication:

Cheltenham, UK ; Northampton, MA : E. Elgar, [2002]

Contents:

1.1 Trends in International Investment 2

1.2 Political and Regulatory Risk 5

2 Checks and Balances and Credible Commitment 16

2.1 The Property Rights Paradigm 18

2.2 The Governance Branch of the New Institutional Economics 23

2.3 A Unified Treatment? 26

3 Comparative Economic Organization - within and between Countries 28

3.1 The Baseline Setup 29

3.2 Shift Parameters for Domestic Investors 31

3.3 Shift Parameters for Multinational Corporations 34

3.4 An Application to Recent Economic Crises 42

4 The Institutional Environment for Economic Growth 45

4.1 A New Measure of Credible Commitment 49

4.2 Tests of the Proposed Measure 65

Appendix 4.1 Constructing POLCON and POLCONJ 78

5 The Institutional Environment for Telecommunications Investment 81

5.1 Theory 82

5.2 Key Variables 89

5.3 Graphical Analysis, 1960-92 91

5.4 Econometric Analysis 94

6 The Institutional Environment for Multinational Investment 105

6.1 International Transaction Cost Economics 107

6.2 Empirics 113.

Notes:

Includes bibliographical references (pages 159-186) and index.

ISBN:

1840647787

OCLC:

48170909