کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
963262 930284 2009 16 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
External commitment mechanisms, institutions, and FDI in GCC countries
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
External commitment mechanisms, institutions, and FDI in GCC countries
چکیده انگلیسی
The purpose of this paper is to empirically examine the influence of bilateral investment treaties and domestic institutions on foreign direct investment (FDI) in the GCC countries. Using panel data for the period 1984-2002 and instrumental variables estimation methodology, the paper finds that bilateral investment treaties (BITs) contracted with OECD and upper middle-income countries have a surprisingly negative influence and seem to be prevailed by the significantly positive influence of domestic institutions on FDI. BITs contracted with high-income non-OECD countries have a positive influence and prevail domestic institutions. The results have important institutional reform implications for GCC economic diversification efforts.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of International Financial Markets, Institutions and Money - Volume 19, Issue 2, April 2009, Pages 371-386
نویسندگان
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