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In this chapter, I seek to develop a theoretical account of how various elements of the NAFTA regime may affect domestic policy processes and outcomes in Canada, Mexico, and the United States, with a particular focus on the environment as an illustrative issue area. To this end, I draw...
Persistent link: https://www.econbiz.de/10014122088
Have investors used NAFTA Chapter 11 to thwart the fair application of environmental protection measures? Are the compensation awards discouraging governments from taking environmental protection measures they would otherwise want to take? This report empirically reviews four arbitrations under...
Persistent link: https://www.econbiz.de/10014059196
NAFTA's investment treaty has led to several expropriation compensation claims from investors hurt by new environmental regulations. Expropriation clauses in international treaties solve post-investment moral hazard problems such as hold-ups. However, these clauses can interact with National...
Persistent link: https://www.econbiz.de/10014059517
This paper examines the dynamics of silver production in Mexico in the context of the North American Free Trade Agreement (NAFTA) and its successor, NAFTA 2.0. With a focus on addressing environmental externalities, the study explores the relationship between silver production, property rights...
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Recent studies suggest a considerable amount of horizontal strategic interaction amongst governments exists. The empirical approach in these studies typically relies on estimating reaction functions in a uni-dimensional policy framework, where a nonzero slope estimate suggests strategic...
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