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The Impact of Bilateral Investment Treaties on FDI Dynamics


Peter Egger


Ifo Institute for Economic Research - International Trade and Foreign Direct Investment; Ludwig-Maximilians University of Munich; CESifo (Center for Economic Studies and Ifo Institute for Economic Research

Valeria Merlo


ETH Zurich, Chair of Applied Economics: Innovation and Internationalisation; Ludwig-Maximilians-Universität Munich - Munich Graduate School of Economics (MGSE)

The World Economy, Vol. 30, No. 10, pp. 1536-1549, October 2007

Abstract:     
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.

Number of Pages in PDF File: 14

Accepted Paper Series


Date posted: September 21, 2007  

Suggested Citation

Egger, Peter and Merlo, Valeria, The Impact of Bilateral Investment Treaties on FDI Dynamics. The World Economy, Vol. 30, No. 10, pp. 1536-1549, October 2007. Available at SSRN: http://ssrn.com/abstract=1015642 or http://dx.doi.org/10.1111/j.1467-9701.2007.01063.x

Contact Information

Peter Egger (Contact Author)
Ifo Institute for Economic Research - International Trade and Foreign Direct Investment ( email )
Poschingerstr. 5
Munich, DE-81679
Germany
+49 0 89 9224 1238 (Phone)
+49 0 89 985369 (Fax)
HOME PAGE: http://www.cesifo-group.de/portal/page?_pageid=36,425628&_dad=portal&_schema=PORTAL
Ludwig-Maximilians University of Munich
Schackstr. 4
Munich, 80539
Germany
CESifo (Center for Economic Studies and Ifo Institute for Economic Research
Poschinger Str. 5
Munich, DE-81679
Germany
Valeria Merlo
ETH Zurich, Chair of Applied Economics: Innovation and Internationalisation ( email )
Weinbergstrasse 35
WEH
Zurich, 8092
Switzerland
HOME PAGE: http://https://kof.ethz.ch/chair_of_ae/people/
Ludwig Maximilians University of Munich - Munich Graduate School of Economics (MGSE) ( email )
Kaulbachstrasse 45
München, 80539
Germany
Feedback to SSRN (Beta)


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