2018
DOI: 10.1111/ecpo.12120
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No better time than now: Future uncertainty and private investment under dictatorship

Abstract: Despite received wisdom that long time horizons and formal institutions can induce private investment under dictatorship, there is substantial investment even in relatively unconstrained regimes. This paper provides a novel explanation for the puzzle of investment in these regimes: economic elites' uncertainty over expected investment returns under plausible alternative authoritarian successors. We construct a noisy signaling model that captures how uncertainty over which type of authoritarian successor will r… Show more

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Cited by 3 publications
(1 citation statement)
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“…Korea Utara, misalnya, yang dipimpin oleh Kim Jong Un memiliki tingkat perekonomian terendah di Asia Pasifik per 2020 (The Heritage Foundation, 2020). Penelitian-penelitian lain juga membuktikan bahwa kediktatoran memiliki dampak yang cenderung negatif bagi perekonomian sebuah negara, seperti tingginya inflasi, rendahnya GDP (Gross Domestic Product), dan KKN (Korupsi, Kolusi, dan Nepotisme) (Albertus & Gay, 2019;Gehlbach et al, 2016;Hollyer et al, 2019;Papaioannou & Van Zanden, 2015).…”
Section: Dampak Kediktatoran Bagi Negara Dan Masyarakatunclassified
“…Korea Utara, misalnya, yang dipimpin oleh Kim Jong Un memiliki tingkat perekonomian terendah di Asia Pasifik per 2020 (The Heritage Foundation, 2020). Penelitian-penelitian lain juga membuktikan bahwa kediktatoran memiliki dampak yang cenderung negatif bagi perekonomian sebuah negara, seperti tingginya inflasi, rendahnya GDP (Gross Domestic Product), dan KKN (Korupsi, Kolusi, dan Nepotisme) (Albertus & Gay, 2019;Gehlbach et al, 2016;Hollyer et al, 2019;Papaioannou & Van Zanden, 2015).…”
Section: Dampak Kediktatoran Bagi Negara Dan Masyarakatunclassified