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Human rights, political instability and investment in south Africa: a note

Authors
Journal
Journal of Development Economics
0304-3878
Publisher
Elsevier
Publication Date
Volume
67
Issue
1
Identifiers
DOI: 10.1016/s0304-3878(01)00182-1
Keywords
  • Investment
  • Social Capability
  • South Africa
Disciplines
  • Design
  • Law
  • Political Science

Abstract

Abstract This paper extends the model of Fielding [J. Dev. Econ. 58 (1999) 405.], which is designed to explain changes in investment in South Africa during the Apartheid period, by allowing a role for indicators of political instability and political and civil rights, as measured by Fedderke et al. [Fedderke, J., de Kadt, R., Luiz, J., 1999. Indicators of Political Liberty, Property Rights and Political Instability in South Africa: 1935–97, ERSA Working Paper 4, University of the Witwatersrand. The conclusions based on estimation of the original model are robust to the inclusion of the political factors, but these factors do explain some of the variation in investment over time.

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