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, when observed firm characteristics and unobserved firm specific effects are controlled for. We find that export-starters in … services are less profitable than non-starters, even two years before they begin to export, pointing to self-selection of less … profitable firms into export markets. We use a recently developed continuous treatment approach to investigate the causal impact …
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Similar to bilateral or regional preferential trade agreements (PTAs), bilateral investment treaties (BITs) have proliferated over the past 50years. The purpose of this study is to provide the first systematic empirical analysis of the economic determinants of BITs and of the likelihood of BITs...
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