Quantification of political risk with multiple dependent sources |
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Authors: | Email author" target="_blank">Ephraim?ClarkEmail author Radu?Tunaru |
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Institution: | (1) Middlesex University, Business School, The Burroughs, NW4 4BT London, UK;(2) Economics and Finance Department, London Metropolitan University, EC3N 2EY London, UK |
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Abstract: | In this paper, we develop a model using a conditional Poisson process for measuring the effect of a countable number of mutually
dependant political risks on the outcome of foreign direct investment. We also apply a Bayesian updating process that makes
it possible to re-estimate the model's parameters as new information becomes available. We then show how the model can be
operationalized and provide a comparative example related to foreign direct investment. (JEL G31, D81, F21). |
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Keywords: | |
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