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ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >
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http://hdl.handle.net/10419/46286
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| Title: | | Membership has its privileges: The effect of membership in international organizations on FDI  |
| Authors: | | Dreher, Axel Mikosch, Heiner Voigt, Stefan |
| Issue Date: | | 2010 |
| Series/Report no.: | | CESifo working paper: Fiscal Policy, Macroeconomics and Growth 3231 |
| Abstract: | | 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. |
| Subjects: | | membership in international organizations FDI investment climate political risk signaling separating equilibrium |
| JEL: | | F02 F21 H11 K33 P26 |
| Document Type: | | Working Paper |
| Appears in Collections: | | CESifo Working Papers, CESifo Group Munich
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