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Do Investment Agreements Matter?


  • Banga, Rashmi

    () (UNCTAD)


The study estimates the impact of bilateral investment agreements (BITs) on FDI inflows into fifteen Asian developing countries for the period 1980-81 to 1999- 2000 and examines whether signing an investment agreement with a developed country or a developing country matters. It also examines the impact of regional investment agreements, namely between APEC and ASEAN countries on FDI inflows. Panel data estimations are undertaken and the results show that signing BITs attracts FDI inflows. However, it is BITs with developed countries that increase FDI inflows as compared to BITs with developing countries. Results indicate that investment agreement between APEC countries has increased FDI inflows but that amongst ASEAN countries has had no impact.

Suggested Citation

  • Banga, Rashmi, 2006. "Do Investment Agreements Matter?," Journal of Economic Integration, Center for Economic Integration, Sejong University, vol. 21, pages 40-63.
  • Handle: RePEc:ris:integr:0345

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    Cited by:

    1. Cooray, Arusha & Tamazian, Artur & Vadlamannati, Krishna Chaitanya, 2014. "What drives FDI policy liberalization? An empirical investigation," Regional Science and Urban Economics, Elsevier, vol. 49(C), pages 179-189.
    2. repec:ces:ifosdt:v:71:y:2018:i:03:p:17-24 is not listed on IDEAS

    More about this item


    Determinants of Foreign Direct Investment; Bilateral Investment Treaties; Regional Investment Agreements; Economic Fundamentals;

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements


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