Journal article
Deep Trade Agreements and FDI in Partial and General Equilibrium: A Structural Estimation Framework
The World Bank economic review, v 39(2), pp 281-307
25 Nov 2024
Featured in Collection : UN Sustainable Development Goals @ Drexel
Abstract
This paper quantifies the relationships between deep trade agreements and foreign direct investment (FDI). The analysis relies on a structural framework that simultaneously enables (a) estimating the direct impact of deep trade agreements on FDI, (b) translating the partial deep trade agreement estimates into general equilibrium effects on FDI, and (c) obtaining partial deep trade agreement effects on trade and quantifying the impact of deep trade agreements on FDI through trade. The effects of deep trade agreements on both trade and FDI are sizeable, positive, and statistically significant. A counterfactual analysis suggests that together with direct and indirect channels deep trade agreements have contributed to a large but asymmetric increase in inward versus outward FDI.
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Details
- Title
- Deep Trade Agreements and FDI in Partial and General Equilibrium: A Structural Estimation Framework
- Creators
- Mario Larch - University of BayreuthYoto V Yotov - Ifo Institute for Economic Research
- Publication Details
- The World Bank economic review, v 39(2), pp 281-307
- Publisher
- Oxford University Press; OXFORD
- Number of pages
- 27
- Resource Type
- Journal article
- Language
- English
- Academic Unit
- Economics (School of Economics)
- Web of Science ID
- WOS:001363229600001
- Scopus ID
- 2-s2.0-105004703163
- Other Identifier
- 991021964609304721
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- Collaboration types
- Domestic collaboration
- International collaboration
- Web of Science research areas
- Business, Finance
- Development Studies
- Economics