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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 the single MNE. Under a multilateral agreement,...

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Jordaan, Jacob A.; Douw, Willem; Qiang, Christine Zhenwei - 2020

Recent research on productivity spillovers from affiliates of multinational corporations in developing and emerging … transmitting productivity spillovers. This finding has important policy implications, given that host economy governments often … dissemination, and the materialization of productivity spillovers among domestic firms. These findings are used to identify the main …

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