Date of this Version
Industrial and Corporate Change
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.
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.
infrastructure, institutional environment, economic history, electricity, telecommunications
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.