2018
DOI: 10.1111/ajps.12383
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Cooperative Autocracies: Leader Survival, Creditworthiness, and Bilateral Investment Treaties*

Abstract: Capital accumulation is essential for economic development, but investors face risk when putting their capital to productive use. Bilateral investment treaties (BITs) commit leaders to limiting their takings of foreign assets and the revenues they generate. We offer theory and evidence that BITs enhance leader survival more in autocracies than democracies. BITs improve the "investment climate" in signatory states, and they do so by more in autocratic polities. Hazard models offer supporting evidence of improve… Show more

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Cited by 53 publications
(20 citation statements)
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“…For example, autocracies may sign BITs at higher rates because they have more to gain from using international agreements as substitutes for strong domestic property rights. Arias, Hollyer, andRosendorff 2018. 99.…”
Section: International Pressurementioning
confidence: 99%
“…For example, autocracies may sign BITs at higher rates because they have more to gain from using international agreements as substitutes for strong domestic property rights. Arias, Hollyer, andRosendorff 2018. 99.…”
Section: International Pressurementioning
confidence: 99%
“…This follows a long line of scholarship on the domestic sources of trade policy that emphasize that trade agreements signal competence to domestic audiences (Mansfield, Milner, and Rosendorff 2002;Mansfield and Milner 2012), reward key domestic industries (Milner 1997;Chase 2003), and increase leadership tenure (Hollyer and Rosendorff 2012). Mazumder (2016) and Arias, Hollyer, and Rosendorff (2015) find that BITs prolong government tenure in autocracies, suggesting domestic political advantages to BIT signing. Additionally, Jensen and coauthors (2014) find that politicians often claim credit for multinational corporation (MNC) investment decisions.…”
Section: The Rise Of Bitsmentioning
confidence: 85%
“…However, we follow the standard operationalization in the literature and use the natural logarithm of gross domestic product (GDP) per capita (e.g. see works by Acemoglu et al, 2009; Arias et al, 2018; Ishak, 2019; Przeworski and Limongi, 1997). The source of the data for GDP per capita is the recently updated data set of the Maddison Project (Bolt et al, 2018).…”
Section: Methodsmentioning
confidence: 99%