Foreign Direct Investment and Institutional Diversity in Trade Agreements
Credibility, Commitment, and Economic Flows in the Developing World, 1971–2007
Bibliographic Data
| ID | 6410280 |
|---|---|
| Authors | Tim Büthe (0000-0002-4724-5000), Helen V Milner (0000-0003-2990-8373) |
| Year | 2014 |
| Volume | 66 |
| Issue | 1 |
| Pages | 88-122 |
| Publication date | 2014-01-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | World Politics (JOURNAL) |
| Journal identifiers | ISSN: 0043-8871 • E-ISSN: 1086-3338 |
| Publisher | Project MUSE (PUBLISHER • US) |
| DOI | 10.1017/s0043887113000336 |
| OpenAlex | W3124412346 |
| Language | EN |
| Citations received | 50 |
| References cited | 32 |
International trade agreements lead to more foreign direct investment (FDI) in developing countries. This article examines the causal mechanisms underpinning this trade-investment linkage by asking whether institutional features of preferential trade agreements (PTAs), which allow governments to make more credible commitments to protect foreign investments, indeed result in greater FDI. The authors explore three institutional differences. First, they examine whether PTAs that have entered into force lead to greater FDI than PTAs that have merely been negotiated and signed, since only the former constitute a binding commitment under international law. Second, they ask whether trade agreements that have investment clauses lead to greater FDI. Third, they consider whether PTAs with dispute-settlement mechanisms lead to greater FDI. Analyses of FDI flows into 122 developing countries from 1971 to 2007 show that trade agreements that include stronger mechanisms for credible commitment induce more FDI. Institutional diversity in international agreements matters
Business · Credibility · Developing country · Economic growth · Economics · Foreign direct investment · International economics · International trade · Investment (military · Political science · Politics · International Arbitration and Investment Law · International Business and FDI · International Development and Aid
The dynamics of ICT, foreign direct investment, globalization and economic growth
Tightening or Loosening? The Effects of Uncertainty on the Design of Preferential Trade Agreements
The Impact of Rule of Law on Fdi Inflow
Arbitrator teams and dispute resolution performance
Beyond coercion
ICT interaction with trade, FDI and financial inclusion on inclusive growth in top African nations ranked by ICT development
Double jeopardy
Infrastructure diplomacy and strategic signalling within the Three Seas Initiative
The Shield of Nationality
Deep Trade Agreements and Domestic Institutions in the Americas
The coevolution of trade agreements and investment treaties
Observer States and interregional trade between Asia and Latin America
Teaching Cooperation
Clubbing in trade policies
Trading representation
Mexican sub-federal governments and trade politics
Do Economic Linkages through FDI Lead to Institutional Change? Assessing Outcomes in Kazakhstan, Azerbaijan and Kyrgyzstan
The European Union and the space-time continuum of investment agreements
The Reputational Impact of Investor-State Disputes
Substitutes for rule of law? How BITs deepen but do not broaden U.S. investment in developing countries
Variation in Bilateral Investment Treaty Provisions and Foreign Direct Investment Flows to China, 1997–2011
Preferential Trade Agreements, Democracy, and the Risk of Coups d’état
The WTO as Multilateral Diffusion Hub
Introduction
Evaluating Three Explanations for the Design of Bilateral Investment Treaties
Unsolicited justice
Public Support for Green, Inclusive, and Resilient Growth Conditionality in International Monetary Fund Bailouts
Assessing the dynamic interplay between exogenous shocks, time and institutional quality in International Business
Predictability Versus Flexibility
Foreign Financing and the International Sources of Property Rights
Greasing the Wheels of Commerce? Corruption and Foreign Investment
Heterogeneity in How Investors Respond to Disputes
Power transitions and the rise of the regulatory state
Complex dependence in foreign direct investment
Preferential Trade Agreements, Income Inequality, and Authoritarian Survival
Error Correction Methods with Political Time Series
Conflicted Capital
The EU's International Investment Policy ten years on
Theorizing the Judicialization of International Relations
Oil and International Cooperation
The Politics of Trade Agreement Design
The Distributional Consequences of Preferential Trade Liberalization
Partners with Benefits
Who Settles Disputes? Treaty Design and Trade Attitudes Toward the Transatlantic Trade and Investment Partnership (TTIP)
The Economics and Politics of Preferential Trade Agreements
Political Economy of Foreign Direct Investment
Investor Rights versus Human Rights
What states want
The Changing Boundaries of Trade Governance
Under One Roof
Delegation and Agency in International Organizations
The Institutional Environment for Economic Growth
The Quality of Institutions and Foreign Direct Investment
If Only Half of International Agreements Have Dispute Resolution Provisions, Which Half Needs Explaining?
Outlier, Measurement, and the Democracy-FDI Controversy
The Effect of Outliers on Regression Analysis
Ratification counts
The Effect of Treaties on Foreign Direct Investment
Do bilateral investment treaties increase foreign direct investment to developing countries
Does foreign direct investment promote growth? Exploring the role of financial markets on linkages
Bargaining over BITs, Arbitrating Awards
A BIT Is Better Than a Lot
Evaluating Three Explanations for the Design of Bilateral Investment Treaties
Who Files? Developing Country Participation in Gatt/WTO Adjudication
Power and Political Institutions
Why Should I Believe You? The Costs and Consequences of Bilateral Investment Treaties
How Do International Institutions Matter? The Domestic Impact of International Rules and Norms
Shopping for Protection
Audience Features and the Strategic Timing of Trade Disputes
The political economy of nontariff barriers
The Rational Design of International Institutions
The Legalization of International Monetary Affairs
Democracy, Autocracy, and Expropriation of Foreign Direct Investment
The Politics of Foreign Direct Investment into Developing Countries
Taking Time Seriously
Vetoing Co-operation
Domestic Audience Costs in International Relations
Optimal Obfuscation
Contracting around International Uncertainty
International Law and State Behavior
| Unique citing works | 50 |
|---|---|
| Citations per year | 4,17 |
| Citation span | 2014 - 2026 (13) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 50 |