The impact of bilateral investment treaties on FDI dynamics

被引：90

作者：

Egger, Peter ^{[1
]}

Merlo, Valeria

机构：

[1] Univ Munich, D-80539 Munich, Germany

[2] Univ Nottingham, Nottingham NG7 2RD, England

来源：

WORLD ECONOMY | 2007年 / 30卷 / 10期

关键词：

D O I：

10.1111/j.1467-9701.2007.01063.x

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

This paper investigates the impact of bilateral investment treaties (BITs) on foreign direct investment (FDI) in transition countries. FDI stocks are characterised by sluggish adjustment and a dynamic pattern. This leads to biased estimates of the contemporaneous impact of BITs on FDI in static models. In our application, the contemporaneous (short-run) impact of BITs amounts to 4.8 per cent and the long-run effect to 8.9 per cent in the preferred model. © 2007 The AuthorsJournal compilation © Blackwell Publishing Ltd. 2007.

引用

页码：1536 / 1549

页数：14

共 33 条

[1] EXPONENTIAL CONVERGENCE OF ADAPTIVE IDENTIFICATION AND CONTROL ALGORITHMS [J].