Investment provisions in regional integration agreements for developing countries

Arbeitspapier

Investment 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.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: CREDIT Research Paper ; No. 08/06

Classification and Topics

• Classification: Wirtschaft ; Empirical Studies of Trade ; Economic Integration ; Trade: Forecasting and Simulation
• Subject: Investment Provisions ; Regional Integration ; Investition ; Direktinvestition ; Produktivität ; Wirtschaftswachstum ; Regionalismus ; Afrika südlich der Sahara

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Morrissey, Oliver
• Event: Veröffentlichung
• (who): The University of Nottingham, Centre for Research in Economic Development and International Trade (CREDIT)
• (where): Nottingham
• (when): 2008

Further information

• Handle: http://hdl.handle.net/10419/65469
• Last update: 10.03.2025, 11:41 AM CET