|
EconStor >
The University of Nottingham >
Centre for Research in Economic Development and International Trade (CREDIT), The University of Nottingham >
CREDIT Research Papers, The University of Nottingham >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/65469
|
| | |
| Title: | | Investment provisions in regional integration agreements for developing countries  |
| Authors: | | Morrissey, Oliver |
| Issue Date: | | 2008 |
| Series/Report no.: | | CREDIT Research Paper 08/06 |
| Abstract: | | 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. |
| Subjects: | | Investment Provisions Regional Integration |
| JEL: | | F14 F15 F17 |
| Document Type: | | Working Paper |
| Appears in Collections: | | CREDIT Research Papers, The University of Nottingham
|
| |
| | |
Download bibliographical data as:
BibTeX
|
| |
Share on:http://hdl.handle.net/10419/65469
|
Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.
|