This paper intends to combine two fields in the economic literature by examining empirically the FDI pattern … vertical FDI. The market-seeking strategy appears to be more important than factor-proportion related motivations; however, the … robust relationship of complementarity between trade integration and FDI provides at least one argument in support of …

regime increases worldwide FDI and raises the world interest rate. Distinguishing three groups of countries, we show that … income countries are likely to gain from increased inward FDI, whereas least developed countries lose because they receive … less FDI. Our results explain the stylized fact that a multilateral investment agreement was opposed by least developed …

WTO negotiations deal predominantly with bound - besides applied - tariff rates. But, how can reductions in tariffs …

In a seminal paper, Rose (2004) found that the assumed positive impact of the WTO on international trade was … and separating the WTO from other forms of trade agreements. A key characteristic of this literature is the rather …