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liberalization and protection. To this end, we have surveyed the investment provisions contained in 260 RTAs notified to the WTO by …
Persistent link: https://www.econbiz.de/10011504656
Our analysis covers 230 PTAs of which 111 contain substantive provisions on investment. Over the past 60 years or so, States have created an extensive network of Bilateral Investment Treaties (BITs) that govern and protect international investment. The number of BITs concluded annually continues...
Persistent link: https://www.econbiz.de/10011960356
global fragmentation phenomenon may reshape the WTO, and particularly its developing country members that are most affected … production sharing, supply chain agreements, and investment has not only recast the role of existing GATT/WTO rules, but that …
Persistent link: https://www.econbiz.de/10010240627
The previous literature provides a highly ambiguous picture on the impact of trade and investment agreements on FDI. Most empirical studies ignore the actual content of BITs and RTAs, treating them as "black boxes", despite the diversity of investment provisions constituting the essence of these...
Persistent link: https://www.econbiz.de/10008699193
We argue that the trend toward international investment agreements (IIAs) with stricter investment rules is driven by competitive diffusion, namely defensive moves of developing countries concerned about foreign direct investment (FDI) diversion in favor of competing host countries. Accounting...
Persistent link: https://www.econbiz.de/10010256289
strategic manipulation of world prices. The policy prediction is unclear, however, since international cross-ownership also …
Persistent link: https://www.econbiz.de/10012752227
On the occasion of the 25th anniversary of the WTO, this paper re-estimates the impact of WTO accession on growth … domestic reforms. Tang and Wei (2009) showed that there is in fact a positive effect of WTO on growth also during the period of … acceded countries. We find that WTO accession is associated with a significant positive increase in GDP growth. This effect is …
Persistent link: https://www.econbiz.de/10012415014
This paper explores the dynamic relationships between foreign direct investment (FDI), international trade, and economic development. First, emphasizing the pivotal role of multinational enterprises (MNEs) - particularly in the context of Global Value Chains (GVCs) - it underscores how FDI and...
Persistent link: https://www.econbiz.de/10014439852
actual aggregate cross-section data for 89 countries in 2011 to a hypothetical world without FDI. The gains from FDI amount … to 9% of world's welfare and to 11% of world's trade, unevenly distributed among winners and losers. Net exports of FDI …
Persistent link: https://www.econbiz.de/10012947623
This paper intends to combine two fields in the economic literature by examining empirically the FDI pattern – horizontal versus vertical – within the European Union and the relevance of trade integration as a potential determinant of investment flows over the period 1995-2009. We capture...
Persistent link: https://www.econbiz.de/10013051267