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Investor-state dispute settlements (ISDS) are supposed to protect foreign investors against domestic policies causing “unjustified” harm. This paper scrutinizes the effects of investor-state dispute settlements (ISDS) and national treatment provisions in a two-period model where foreign...
Persistent link: https://www.econbiz.de/10012903484
We develop a model in which it is uncertainty about the future domestic policy environment that both makes international cooperation attractive and induces the possibility of a nation reneging on such an international agreement. We show, in a fairly general setting in which the likelihood of...
Persistent link: https://www.econbiz.de/10012919246
This paper examines the rationale for the rules on domestic subsidies in international trade agreements through a framework that emphasizes commitment. We build a model where the policy-maker has a tariff and a production subsidy at its disposal, taxation can be distortionary and the...
Persistent link: https://www.econbiz.de/10013100012
We study the relationship between participation in free trade agreements (FTAs) and the sustainability of democracy. Our model shows that FTAs can critically reduce the incentive of authoritarian groups to seek power by destroying protectionist rents, thus making democracies last longer. This...
Persistent link: https://www.econbiz.de/10013086606
predicts, for instance, World Bank and IMF loans. But who gets elected to the UNSC? Addressing this question empirically is not …
Persistent link: https://www.econbiz.de/10013315879
regime increases worldwide FDI and raises the world interest rate. Distinguishing three groups of countries, we show that …
Persistent link: https://www.econbiz.de/10012754890
Asia accounts for more than 30% of world GDP and contributes half of the global growth in recent years. Despite high … growth rates, Asia is still facing considerable socio-economic challenges. If Asia is to reemerge as a major power in the … region's economies more integrated regionally and internationally. Following the recent global trend, Asia witnessed a wave …
Persistent link: https://www.econbiz.de/10013317319
strategic manipulation of world prices. The policy prediction is unclear, however, since international cross-ownership also …
Persistent link: https://www.econbiz.de/10012752227
, an appropriately designed MAI is world-welfare superior compared to a regime of BITs by alleviating the lobbying …
Persistent link: https://www.econbiz.de/10012779092
This paper reviews the most significant recent developments in the theory of trade agreements. The paper offers an integrated approach to evaluating trade agreements, and uses the approach to present results on preferential and multilateral trade agreements. The paper identifies also several...
Persistent link: https://www.econbiz.de/10013316371