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We quantify the impact of barriers to international investment, using a novel multi-country dynamic general equilibrium … asset positions. We estimate this gravity equation using recently developed foreign investment data that have been restated … to account for offshore investment and financing vehicles. We show that a parsimonious implementation of the model with …
Persistent link: https://www.econbiz.de/10012514947
This paper models a multilateral agreement on investment (MAI) as a coordination device. Multinational enterprises can … invest in any number of countries. Without a multilateral investment agreement, expropriation triggers an investment stop by … less FDI. Our results explain the stylized fact that a multilateral investment agreement was opposed by least developed …
Persistent link: https://www.econbiz.de/10003808670
Persistent link: https://www.econbiz.de/10003395201
two-period model where foreign investment is subject to domestic regulation and a holdup problem. It shows that ISDS can …
Persistent link: https://www.econbiz.de/10011431559
- as opposed to courts in the host country - due to provisions in international investment agreements known as Investor … when ii) foreign investment responds elastically to profit conditions. …
Persistent link: https://www.econbiz.de/10011565569
The proposed Transatlantic Trade and Investment Partnership (TTIP) between the European Union and the United States of …
Persistent link: https://www.econbiz.de/10010469280
Bilateral investment treaties (BITs) have proliferated over the past 50 years such that the number of pairs of … model of world trade and foreign direct investment with three factors, two products, and explicit natural as well as policy … trade and investment costs among multiple countries in the presence of national and multinational firms. The empirical model …
Persistent link: https://www.econbiz.de/10009230839
investment reduces the market distortion, it will also make potential compensations larger. Consequently, potential compensations … to a foreign investor do not imply a zero-sum game. ISDS may decrease domestic welfare, in particular if the investment …
Persistent link: https://www.econbiz.de/10012271775
Prefunding of pension commitments in OECD economies is increasingly seen as a central strategy to cope with the aging of their populations. This paper argues that investments in emerging markets can help at the margin but are unable to solve the demographic problem. While these investments bring...
Persistent link: https://www.econbiz.de/10009781581
development "tier" is actually becoming a reality. Several countries in East Asia have been upgrading production patterns and …
Persistent link: https://www.econbiz.de/10011891772