Replication Data for: Foreign Direct Investors: Agents of Economic Transition An Instrumental Variables Analysis
<|begin_of_text|><|start_header_id|>system<|end_header_id|> You are a research archivist expert in dataset metadata. Answer the question truthfully.  <|eot_id|><|start_header_id|>user<|end_header_id|> Here is the Description of a dataset. Description:'Article, Online Appendix, and Replication MaterialsPublished in QJPSPrevious empirical analysis has noted a correlation between Foreign Direct Investment (FDI) and economic reform in Eastern Europe and Former Soviet Union, but has attributed the relationship to investors rewarding countries after reform decisions. Little attention has been paid to the fact that investors’ lobbying efforts may actually influence reform choices. This paper finds a positive effect of FDI on reform progress through a panel analysis of investor influence in twenty-seven transition states (1991-2004). To address endogeneity bias, the exogenous portion of a country’s exchange rate movement is used as an instrument in a two-stage procedure. The underlying counterfactual comparison that results from this approach is between two similarly situated countries' . Please return only a json list of at most 3 Keywords corresponding to the Description:.<|eot_id|><|start_header_id|>assistant<|end_header_id|> {"Answer" : ["FDI, foreign investment, economic reforms, transition, EBRD, exchange rates"]} <|eot_id|>
 Here is the Description of a dataset. Description:'Article, Online Appendix, and Replication MaterialsPublished in QJPSPrevious empirical analysis has noted a correlation between Foreign Direct Investment (FDI) and economic reform in Eastern Europe and Former Soviet Union, but has attributed the relationship to investors rewarding countries after reform decisions. Little attention has been paid to the fact that investors’ lobbying efforts may actually influence reform choices. This paper finds a positive effect of FDI on reform progress through a panel analysis of investor influence in twenty-seven transition states (1991-2004). To address endogeneity bias, the exogenous portion of a country’s exchange rate movement is used as an instrument in a two-stage procedure. The underlying counterfactual comparison that results from this approach is between two similarly situated countries' . Please return only a json list of at most 3 Keywords corresponding to the Description:.
Article, Online Appendix, and Replication MaterialsPublished in QJPSPrevious empirical analysis has noted a correlation between Foreign Direct Investment (FDI) and economic reform in Eastern Europe and Former Soviet Union, but has attributed the relationship to investors rewarding countries after reform decisions. Little attention has been paid to the fact that investors’ lobbying efforts may actually influence reform choices. This paper finds a positive effect of FDI on reform progress through a panel analysis of investor influence in twenty-seven transition states (1991-2004). To address endogeneity bias, the exogenous portion of a country’s exchange rate movement is used as an instrument in a two-stage procedure. The underlying counterfactual comparison that results from this approach is between two similarly situated countries
FDI, foreign investment, economic reforms, transition, EBRD, exchange rates