Replication Data for: Cooperative Autocracies: Leader Survival, Creditworthiness and Bilateral Investment Treaties
收藏DataONE2019-11-21 更新2024-06-08 收录
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Capital accumulation is essential for economic development, but investors face risk when committing their capital to productive use. Bilateral Investment Treaties (BITs) commit leaders to limit their takings of foreign assets and the revenues they generate. We offer theory and evidence that BITs enhance leader survival by more in autocracies than democracies. BITs improve the ``investment climate'' in signatory states, and do so by more in autocratic polities. Hazard models offer supporting evidence of improved autocratic leader survival. The improvement in the investment climate is evidenced by improvement of credit-worthiness scores and higher sovereign bond prices, again with greater effect in autocratic states. Autocratic leaders have the most to gain from importing property rights-enhancing institutions.
创建时间:
2023-11-22



