The economic benefits of justice: Post-conflict justice and foreign direct investment
The economic benefits of justice: Post-conflict justice and foreign direct investment
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DOI：
10.1177/0022343312450044
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发表时间：
2012-09-01
影响因子：
3.6
通讯作者：
Loyle, Cyanne E.
中科院分区：
文献类型：
--
作者：
Appel, Benjamin J.;Loyle, Cyanne E.
冲突后国家是研究外国直接投资（FDI）的学者的一个重要研究议程。虽然冲突后国家的领导人有强烈的动机试图吸引国际投资，但跨国公司可能会将这些国家视为高风险国家，因为国内冲突后暴力事件的再次发生是常见的。因此，冲突后国家的领导人迫切希望获得外国直接投资，以帮助点燃其停滞的经济，他们必须说服跨国公司，他们的国家是一个稳定和安全的投资场所。借鉴最近的文献，确定国内和国际机构的重要性，以确保外国直接投资，本文认为，冲突后司法（PCJ）机构可以帮助冲突后国家吸引投资。与实施冲突后司法相关的国内和声誉成本使各国能够向国际投资者发出一个昂贵而可信的信号，表明该国愿意成功重建冲突后地区。在这种情况下，不确定性减少，外国投资者对投资更有信心。因此，与不实施这些制度的冲突后国家相比，选择实施冲突后司法的冲突后国家更有可能获得更高水平的外国直接投资。统计检验证实了1970-2001年司法机构与外国直接投资之间的关系。在冲突后时期实施恢复性司法程序的冲突后国家获得的外国直接投资水平高于未实施恢复性司法程序的国家。
Post-conflict states represent an important research agenda for scholars studying foreign direct investment (FDI). While leaders of post-conflict states have strong incentives for trying to attract international investments, multinational corporations (MNCs) may view these states as high-risk since the reoccurrence of violence in the aftermath of civil conflict is common. Consequently, leaders of post-conflict states desperate to receive FDI to help ignite their stalled economies must convince MNCs that their state is a stable and secure place to invest in. Drawing on the recent literature that identifies the importance of domestic and international institutions for securing FDI, this article argues that post-conflict justice (PCJ) institutions can help post-conflict states attract investment. The domestic and reputation costs associated with implementing PCJ allow states to send a costly and credible signal to international investors about the state's willingness to pursue the successful reconstruction of the post-conflict zone. Under these conditions, uncertainty is lessened and foreign investors can feel more confident about making investments. Post-conflict states, therefore, that choose to implement PCJ are more likely to receive higher levels of FDI compared with post-conflict states that refrain from implementing these institutions. Statistical tests confirm the relationship between justice institutions and FDI from 1970-2001. Post-conflict states that implement restorative justice processes in the post-conflict period receive higher levels of FDI than those countries that do not implement a process.