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arXiv 1402.0139q-fin.GN
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FDI流入发展中国家的政治经济学:国际贸易协定的深度重要吗?

The Political Economy of FDI flows into Developing Countries: Does the depth of International Trade Agreements Matter?

Arslan Tariq Rana, Mazen Kebewar

摘要:

国内政治机构是否(具体而言,国家的民主水平)的东道国发展中国家对外国投资者的有效建立承诺的信誉仍在进行中,研究人员还分析了国际机构的影响,(GATT-WTO)成员资格和双边投资条约在建立吸引外国投资承诺的可信度方面的作用。我们认为,有不同类型的贸易协定和全面的贸易协定(FTA-CU)提供了可信度的外国投资者和东道国的民主水平的条件,这种效果,而部分范围的协议(PSA)是不足以提供可信度的承诺,而不是由民主缓和。本文分析了异质性技术协定及其与国内制度的相互作用对FDI流入的影响。1970年至2005年对122个发展中国家的统计分析支持这一论点。所采用的方法依赖于固定效应估计,这是强大的控制内分泌对大型面板数据集。采用Baier和Bergstrand(2007)提出的方法,结果具有严格的正演性,样本中未发现反馈效应。研究结果表明:(1)FTA-CU的缔结程度越高,发展中国家吸引的FDI流入量越大,PSA对FDI流入量的影响不显著;(2)FTA-CU与民主制度是互补的,而PSA与民主制度对FDI流入量的影响不显著。

英文摘要:

There is considerable debate whether the domestic political institutions (specifically, the country s level of democracy) of the host developing country toward foreign investors are effective in establishing the credibility of commitments are still underway, researchers have also analyzed the effect of international institutions such as (GATT-WTO) membership and Bilateral Investment treaties (BIT) in their role of establishing the credibility of commitment to attract foreign investments. We argue that there are qualitative differences among various types of trade agreements and full-fledged trade agreements (FTA-CU) provide credibility to foreign investors and democracy level in the host country conditions this effect whereas the partial scope agreements (PSA) are not sufficient in providing credibility of commitments and not moderated by democracy. This paper analyses the impact of heterogeneous TAs, and their interaction with domestic institutions, on FDI inflows. Statistical analyses for 122 developing countries from 1970 to 2005 support this argument. The method adopted relies on fixed effects estimator which is robust to control endogeneity on a large panel dataset. The strict erogeneity of results by using a method suggested by Baier and Bergstrand (2007) and no feedback effect found in sample. The results state that (1) More the FTA-CU concluded, larger the amount of FDI inflows are attracted into the developing countries and PSA are insignificant in determining the FDI inflow; (2) FTA CU are complementary to democratic regime whereas the conditional effect of PSA with democracy on levels of FDI inflows is insignificant.

机构、总结、中文摘要均由AI分析而来,可能存在错误,请以论文正文为准。

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