BIT Contracting and FDI Impact in the GCC Countries
The 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.
|Date of creation:||Sep 2008|
|Date of revision:||Sep 2008|
|Publication status:||Published by The Economic Research Forum (ERF)|
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