BIT Contracting and FDI Impact in the GCC Countries
AbstractThe rationale for GCC countries increasingly contracting of BITs is controversial. This paper empirically examines the short term and long term impact BITs contracting on FDI and distinguishes it by the income level of the contracting partner country. The paper uses panel data for the period 1984-2002 and adopts a GMM estimation methodology. The paper finds that while ratified BITs with high income non-OECD countries have a positive impact on FDI, ratified BITs with upper middle income countries have a surprisingly negative impact. These results are robust to changes in model specification and sample period.
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Bibliographic InfoPaper provided by Economic Research Forum in its series Working Papers with number 437.
Length: 23 pages
Date of creation: Sep 2008
Date of revision: Sep 2008
Publication status: Published by The Economic Research Forum (ERF)
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