Semantic Scholar Open Access 2013 392 sitasi

Policy Uncertainty, Irreversibility, and Cross-Border Flows of Capital

Brandon Julio Youngsuk Yook

Lihat Sumber DOI

Abstrak

We examine the effects of political uncertainty on cross-border capital flows using election timing as a source of fluctuations in political uncertainty. FDI flows from US companies to foreign affiliates drop significantly during the period just before an election and increase after the uncertainty is resolved, consistent with the view that political uncertainty deters foreign investment. The electoral patterns in FDI flows are more pronounced when elections are more competitive. The impact of political uncertainty on FDI flows depends on the level of institutional quality. Countries with higher levels of institutional quality experience significantly less variation in FDI around election cycles.

Topik & Kata Kunci

Economics

Penulis (2)

Brandon Julio

Youngsuk Yook

Format Sitasi

APA MLA BibTeX

Julio, B., Yook, Y. (2013). Policy Uncertainty, Irreversibility, and Cross-Border Flows of Capital. https://doi.org/10.2139/SSRN.2350872

Akses Cepat

Lihat di Sumber doi.org/10.2139/SSRN.2350872

Informasi Jurnal

Tahun Terbit: 2013
Bahasa: en
Total Sitasi: 392×
Sumber Database: Semantic Scholar
DOI: 10.2139/SSRN.2350872
Akses: Open Access ✓