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favor of competing host countries. Accounting for spatial dependence in the formation of bilateral investment treaties (BITs …
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favor of competing host countries. Accounting for spatial dependence in the formation of bilateral investment treaties (BITs …
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This paper examines the influence of political risk guarantees of bilateral investment treaties on debt and equity flows using panel data on middle income countries for the period 1984-2011. Adopting system GMM methodology, the paper empirically finds that ratified bilateral investment treaties...
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control for unobserved changes in the host-country investment climate. We find that BITs stimulate bilateral FDI flows from …, after the host has faced a claim, the entry into force of new BITs is no longer associated with increased FDI flows. …
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