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Autocratic Legislatures and Expropriation Risk

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  • Wilson, Matthew Charles
  • Wright, Joseph

Abstract

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 dictatorships, but a higher risk of nationalization in personalist regimes. The results show a consistent pattern between authoritarian institutions and property protections, for which context matters.

Suggested Citation

  • Wilson, Matthew Charles & Wright, Joseph, 2017. "Autocratic Legislatures and Expropriation Risk," British Journal of Political Science, Cambridge University Press, vol. 47(1), pages 1-17, January.
  • Handle: RePEc:cup:bjposi:v:47:y:2017:i:01:p:1-17_00
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    Cited by:

    1. Todor S. Lohwasser & Felix Hoch & Franz W. Kellermanns, 2022. "Strength in Stability: A Meta-Analysis of Family Firm Performance Moderated by Institutional Stability and Regime Type," Entrepreneurship Theory and Practice, , vol. 46(1), pages 117-158, January.
    2. François, Abel & Panel, Sophie & Weill, Laurent, 2020. "Educated dictators attract more foreign direct investment," Journal of Comparative Economics, Elsevier, vol. 48(1), pages 37-55.
    3. Abel FRANCOIS & Sophie PANEL & Laurent WEILL, 2018. "Are Some Dictators More Attractive to Foreign Investors?," Working Papers of LaRGE Research Center 2018-05, Laboratoire de Recherche en Gestion et Economie (LaRGE), Université de Strasbourg.
    4. repec:zbw:bofitp:2019_012 is not listed on IDEAS
    5. Michael Albertus & Victor Gay, 2019. "No better time than now: Future uncertainty and private investment under dictatorship," Economics and Politics, Wiley Blackwell, vol. 31(1), pages 71-96, March.
    6. Chunfang Cao & Xiaoyang Li & Guilin Liu, 2023. "Does geopolitical risk matter for corporate investment decisions? Evidence from cross‐border acquisitions," Economics and Politics, Wiley Blackwell, vol. 35(3), pages 665-695, November.
    7. Fabio Monteforte & Jonathan R. W. Temple, 2020. "The autocratic gamble: evidence from robust variance tests," Economics of Governance, Springer, vol. 21(4), pages 363-384, December.
    8. Abel FRANCOIS & Sophie PANEL & Laurent WEILL, 2018. "Are Some Dictators More Attractive to Foreign Investors?," Working Papers of LaRGE Research Center 2018-05, Laboratoire de Recherche en Gestion et Economie (LaRGE), Université de Strasbourg.
    9. Cai, Meina & Sun, Xin, 2018. "Institutional bindingness, power structure, and land expropriation in China," World Development, Elsevier, vol. 109(C), pages 172-186.

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