Arbeitspapier
Membership has its privileges: The effect of membership in international organizations on FDI
We argue that membership in International Organizations (IOs) is an important determinant of FDI inflows. To the extent that membership restricts a country from pursuing policies that are harmful to investors, it can signal low political risk. Using data over the 1971-2005 period, we find that membership in IOs does indeed increase inflows of FDI. Controlling for the endogeneity of membership, we find this effect to be substantively important and robust to the method of estimation.
- Sprache
-
Englisch
- Erschienen in
-
Series: CESifo Working Paper ; No. 3231
- Klassifikation
-
Wirtschaft
International Economic Order and Integration
International Investment; Long-term Capital Movements
Structure, Scope, and Performance of Government
International Law
Socialist Systems and Transitional Economies: Political Economy; Property Rights
- Thema
-
membership in international organizations
FDI
investment climate
political risk
signaling
separating equilibrium
Internationale Organisation
Mitgliedschaft
Standortfaktor
Ökonomische Sicherheit
Signalling
Schätzung
Welt
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Dreher, Axel
Mikosch, Heiner
Voigt, Stefan
- Ereignis
-
Veröffentlichung
- (wer)
-
Center for Economic Studies and ifo Institute (CESifo)
- (wo)
-
Munich
- (wann)
-
2010
- Handle
- Letzte Aktualisierung
-
20.09.2024, 08:25 MESZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Dreher, Axel
- Mikosch, Heiner
- Voigt, Stefan
- Center for Economic Studies and ifo Institute (CESifo)
Entstanden
- 2010