Expropriation and Airport Development
نویسندگان
چکیده
منابع مشابه
Expropriation risk and technology
This paper develops a unified framework to analyze the dynamics of firm investment in countries with poor legal enforcement. The firm’s technology edge over the government generates endogenous property rights. Industry variation in the technology gap predicts a sectoral pecking-order of expropriations. Long-run investment distortions may be Pareto superior relative to persistent investment at t...
متن کاملExpropriation Dynamics
Many emerging market economies oscillate between periods of high and low growth (see Aguiar and Gopinath, 2007). These changes in growth regimes generate business cycles that are markedly different from the ones observed in developed countries: consumption and investment are volatile relative to output, and net exports are strongly counter-cyclical. This volatility is often accompanied by sharp...
متن کاملEvolution and Development of Multi-Airport Systems:
This paper presents an analysis of the dynamics of evolution of multi-airport systems worldwide that can help to guide their effective development in the future. Given the capacity constraints on existing major airports, the development of multi-airport systems is going to be a key mechanism by which air transportation systems around the world will be able to meet future demand. In order to bet...
متن کاملAutocratic Legislatures and Expropriation Risk
An important question for international investors concerns the relationship between political institutions and property rights. Yet a debate remains over whether authoritarian institutions promote favorable investment climates. Using data on oil nationalization in a sample of autocracies, this study finds that legislatures are correlated with lower expropriation risk in non-personalist dictator...
متن کاملExpropriation of Foreign Direct Investment
Stylized evidence indicates that democracies and autocracies both expropriate foreign direct investment but that democracies do so less frequently. What explains the similarities and differences in expropriation between regime types? An analysis of actual expropriation acts in 63 developing countries from 1960 to 1990 shows that democracies are most likely to expropriate foreign investment when...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Civil and Environmental Engineering
سال: 2020
ISSN: 2199-6512,1336-5835
DOI: 10.2478/cee-2020-0028