Investment Provisions in Regional Integration Agreements for Developing Countries
AbstractInvestment is a major determinant of economic growth, both in reference to the level of the capital stock and its productivity, but has been deficient in poor developing countries. A particular concern for poor countries has been relatively low levels of foreign direct investment (FDI), and a low impact of such investment on growth. The paper focuses on sub-Saharan African (SSA) countries and on FDI to cover four issues related to measures to promote investment: the types of investment measures included in bilateral, regional and multilateral agreements; evidence for effects of provisions on investment, especially FDI; the type of regulatory and business environment most conducive to growth-enhancing investment; and the implications for ‘best practice’ in promoting investment, in particular measures that can be incorporated in regional agreements. Investment provisions can be used to serve a number of purposes - investment promotion and cooperation, liberalisation and market access, and investment protection – and evidence suggests that their incorporation in agreements does increase foreign investment.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by University of Nottingham, CREDIT in its series Discussion Papers with number 08/06.
Date of creation:
Date of revision:
Contact details of provider:
Postal: School of Economics University of Nottingham University Park Nottingham NG7 2RD
Phone: (44) 0115 951 5620
Fax: (0115) 951 4159
Web page: http://www.nottingham.ac.uk/economics/
More information through EDIRC
Investment Provisions; Regional Integration;
This paper has been announced in the following NEP Reports:
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Timothy Goodspeed & Jorge Martinez-Vazquez & JLi Zhang, 2006.
"Are Government Policies More Important Than Taxation in Attracting FDI,"
International Center for Public Policy Working Paper Series, at AYSPS, GSU
paper0614, International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University.
- Timothy Goodspeed & Jorge Martinez-Vazquez & JLi Zhang, 2007. "Are Government Policies More Important Than Taxation in Attracting FDI?," International Center for Public Policy Working Paper Series, at AYSPS, GSU paper0702, International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University.
- Chris Milner & Oliver Morrissey & Evious Zgovu, . "Trade Facilitation in Developing Countries," Discussion Papers 08/05, University of Nottingham, CREDIT.
- Jose Anson & Olivier Cadot & Antoni Estevadeordal & Jaime de Melo & Akiko Suwa-Eisenmann & Bolorma Tumurchudur, 2004.
"Rules of origin in north-south preferential trading arrangements with an application to NAFTA,"
Research Unit Working Papers
0406, Laboratoire d'Economie Appliquee, INRA.
- José Anson & Olivier Cadot & Antoni Estevadeordal & Jaime de Melo & Akiko Suwa-Eisenmann & Bolormaa Tumurchudur, 2005. "Rules of Origin in North-South Preferential Trading Arrangements with an Application to NAFTA," Review of International Economics, Wiley Blackwell, vol. 13(3), pages 501-517, 08.
- Anson, José & Cadot, Olivier & de Melo, Jaime & Estevadeordal, Antoni & Suwa Eisenmann, Akiko & Tumurchudur, Bolormaa, 2003. "Rules of Origin in North-South Preferential Trading Arrangements with an Application to NAFTA," CEPR Discussion Papers 4166, C.E.P.R. Discussion Papers.
- Oliver Morrissey, 2005. "Imports and Implementation: Neglected Aspects of Trade in the Report of the Commission for Africa," Journal of Development Studies, Taylor & Francis Journals, vol. 41(6), pages 1133-1153.
- Matthias Busse & José Luis Groizard, 2008.
"Foreign Direct Investment, Regulations and Growth,"
The World Economy,
Wiley Blackwell, vol. 31(7), pages 861-886, 07.
- Busse, Matthias & Groizard, Jose Luis, 2006. "Foreign direct investment, regulations, and growth," Policy Research Working Paper Series 3882, The World Bank.
- Karuna Gomanee & Sourafel Girma & Oliver Morrissey, 2005.
"Aid and growth in Sub-Saharan Africa: accounting for transmission mechanisms,"
Journal of International Development,
John Wiley & Sons, Ltd., vol. 17(8), pages 1055-1075.
- Gomanee, Karuna & Girma, Sourafel & Morrissey, Oliver, 2005. "Aid and Growth in Sub-Saharan Africa: Accounting for Transmission Mechanisms," Working Paper Series RP2005/60, World Institute for Development Economic Research (UNU-WIDER).
- Medvedev, Denis, 2006. "Beyond trade : the impact of preferential trade agreements on foreign direct investment inflows," Policy Research Working Paper Series 4065, The World Bank.
- Dirk Willem te Velde, 2003. "Do Workers in Africa Get a Wage Premium if Employed in Firms Owned by Foreigners?," Journal of African Economies, Centre for the Study of African Economies (CSAE), vol. 12(1), pages 41-73, March.
- Pain, Nigel, 1997.
"Continental Drift: European Integration and the Location of U.K. Foreign Direct Investment,"
The Manchester School of Economic & Social Studies,
University of Manchester, vol. 65(0), pages 94-117, Supplemen.
- Nigel Pain, 1996. "Continental Drift: European Integration and the Location of UK Foreign Direct Investment," NIESR Discussion Papers 107, National Institute of Economic and Social Research.
- Neumayer, Eric & Spess, Laura, 2005.
"Do bilateral investment treaties increase foreign direct investment to developing countries?,"
Elsevier, vol. 33(10), pages 1567-1585, October.
- Eric Neumayer & Laura Spess, 2004. "Do bilateral investment treaties increase foreign direct investment to developing countries?," International Finance 0411004, EconWPA, revised 10 May 2005.
- Rod Falvey & Annamaria La Chimia & Oliver Morrissey & Evious Zgovu, . "Competition Policy and Public Procurement in Developing Countries," Discussion Papers 08/07, University of Nottingham, CREDIT.
- Brenton, Paul & DiMauro, Francesca & Lücke, Matthias, 1998.
"Economic integration and FDI: an empirical analysis of foreign investment in the EU and in Central and Eastern Europe,"
Kiel Working Papers
890, Kiel Institute for the World Economy.
- Paul Brenton & Francesca Di Mauro & Matthias LÃ¼cke, 1999. "Economic Integration and FDI: An Empirical Analysis of Foreign Investment in the EU and in Central and Eastern Europe," Empirica, Springer, vol. 26(2), pages 95-121, June.
- Mary Hallward-Driemeier, 2003. "Do bilateral investment treaties attract foreign direct investment? Only a bit - and they could bite," Policy Research Working Paper Series 3121, The World Bank.
- Jennifer Tobin & Susan Rose-Ackerman, 2003. "Foreign Direct Investment and the Business Environment in Developing Countries: the Impact of Bilateral Investment Treaties," William Davidson Institute Working Papers Series 587, William Davidson Institute at the University of Michigan.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Hilary Hughes).
If references are entirely missing, you can add them using this form.