Beyond Trade: The Impact of Preferential Trade Agreements on FDI Inflows

被引:76
作者
Medvedev, Denis [1 ]
机构
[1] World Bank, Washington, DC 20433 USA
关键词
preferential trade agreements; foreign direct investment (FDI); world; FOREIGN DIRECT-INVESTMENT; EXCHANGE-RATES; DETERMINANTS;
D O I
10.1016/j.worlddev.2011.04.036
中图分类号
F0 [经济学]; F1 [世界各国经济概况、经济史、经济地理]; C [社会科学总论];
学科分类号
0201 ; 020105 ; 03 ; 0303 ;
摘要
This paper investigates the effects of preferential trade agreements (PTAs) on net FDI inflows of member countries using a comprehensive database of PTAs in a panel setting. PTA membership is associated with a positive change in net FDI inflows and FDI gains increase with the market size of PTA partners and their proximity to the host country. The estimated relationship is driven by the developing countries in the sample and agreements signed in the late 1990s-early 2000s, a period when the majority of "deep integration" PTAs have been advanced. (C) 2011 Elsevier Ltd. All rights reserved.
引用
收藏
页码:49 / 61
页数:13
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