The impact of bilateral investment treaties on foreign direct investment |
| |
| Authors: | Peter Egger Michael Pfaffermayr |
| |
| Affiliation: | aHelen Kellogg Institute for International Studies at the University of Notre Dame, 130 Hesburgh Center, Notre Dame, IN 46556-5677, USA;bUniversity of Innsbruck, Universitaetsstrasse 15, 6020 Innsbruck, Austria |
| |
| Abstract: | This paper uses a large panel of OECD data on stocks of outward foreign direct investment (FDI) to evaluate the impact of bilateral investment treaties. For several variants of the knowledge capital model of multinationals, we demonstrate that investment treaties exert a significant positive effect on outward FDI, if they actually are implemented. Moreover, even signing a treaty has a positive, although lower and in most specifications insignificant, effect on FDI. Journal of Comparative Economics 32 (4) (2004) 788–804. |
| |
| Keywords: | JEL classification: C23 F12 F23 |
| 本文献已被 ScienceDirect 等数据库收录！ |
|
