Colen, Liesbeth; Persyn, Damiaan; Guariso, Andrea - 2014
. While it is found that BITs are successful in attracting FDI, we argue that the effectiveness of BITs depends on the type of … FDI. We find the effect of BITs to differ importantly across sectors of investment. FDI characterized by higher sunk … investment costs responds more strongly to the signing of BITs. Given that the development impact of FDI differs according to the …