Management Papers
Document Type
Journal Article
Date of this Version
4-2002
Publication Source
Industrial and Corporate Change
Volume
11
Issue
2
Start Page
355
Last Page
389
DOI
10.1093/icc/11.2.355
Abstract
The empirical evidence that links political institutions to economic outcomes has grown dramatically in recent years. However, virtually all of this analysis is undertaken using data from the past three decades. This paper extends this empirical framework by performing a two‐century long historical analysis of the determinants of infrastructure investment in a panel of over 100 countries. The results demonstrate that political environments that limit the feasibility of policy change are an important determinant of investment in infrastructure.
Copyright/Permission Statement
This is a pre-copyedited, author-produced PDF of an article accepted for publication in Industrial and Corporate Change following peer review. The version of record is available online at: http://icc.oxfordjournals.org/content/11/2/355.abstract.
Keywords
infrastructure, institutional environment, economic history, electricity, telecommunications
Recommended Citation
Henisz, W. J. (2002). The Institutional Environment for Infrastructure Investment. Industrial and Corporate Change, 11 (2), 355-389. http://dx.doi.org/10.1093/icc/11.2.355
Date Posted: 27 November 2017
This document has been peer reviewed.