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Pellegrino, Bruno; Spolaore, Enrico; Wacziarg, Romain - 2021

model with heterogeneous investors and imperfect capital mobility. Our model yields a gravity equation for bilateral foreign … asset positions. We estimate this gravity equation using recently developed foreign investment data that have been restated … benchmark calibration, we estimate that the capital misallocation induced by these barriers reduces World GDP by 7%, compared to …

Persistent link: https://www.econbiz.de/10012514947

Barriers to global capital allocation

Pellegrino, Bruno; Spolaore, Enrico; Wacziarg, Romain - 2024

Observed international investment positions and cross-country heterogeneity in rates of return to capital are hard to reconcile with frictionless capital markets. In this paper, we develop a theory of international capital allocation: a multi-country dynamic spatial general equilibrium model in...

Persistent link: https://www.econbiz.de/10015070015

Culture Clash : Investor’s Rights v. Cultural Heritage in International Investment Law & Arbitration

Vadi, Valentina - 2014

This study aims to explore the ‘clash of cultures’ between international investment law and international cultural law. When countries pursue economic growth, their policy makers may have an incentive to lower cultural standards to promote economic activities. If states nonetheless maintain...

Persistent link: https://www.econbiz.de/10014168582

Food Security, Foreign Direct Investment and Multilevel Governance in Weak States

Smith, Fiona - 2015

Attracting agro-investment is important in food deficit countries that experience low relative yields for their agricultural production. Foreign direct investment (FDI) can play a crucial role because it means that the right quantities reach food deficit areas at the right moment. However, FDI...

Persistent link: https://www.econbiz.de/10013036785

Searching for Coherence in Trade and Investment Arbitration : Domestic Policies Under Siege

Alvarez, Jose M. - 2012

In this paper, I highlight that international investment law, as a subsystem, should evolve to accept rules from other subsystems of law, e.g., human rights, trade (WTO law and RTA law), and environmental. This proposed evolution would need to include the acceptance of new tools that would help...

Persistent link: https://www.econbiz.de/10013104002

Systemic Integration and International Investment Law – Some Practical Reflections

Kalderimis, Daniel - 2012

This paper takes an empirical, practical approach to test the proposition that systemic integration leads to greater coherence of international law. It builds on work by Professor Campbell McLachlan and others that specific treaty-based regimes can be located in the broader context of...

Persistent link: https://www.econbiz.de/10013104090

Balancing FDI Pressures : Initiatives from Southern Africa

Boulle, Laurence - 2012

This presentation considers the prospective development of policy frameworks for foreign direct investment in developing and emerging economies. It first considers the implications of two decisions on FDI in South Africa and the extent to which they dealt with potential inconsistencies between...

Persistent link: https://www.econbiz.de/10013104238

Public Health Regulation : The Impact of Intersections between Trade & Investment Treaties in Asia

Hsu, Locknie - 2014

There has been an explosive growth of free trade agreements (FTAs) in recent years. The World Trade Report 2011 of the World Trade Organization (WTO) shows Asian members to be among the most active in signing preferential trade agreements. This unprecedented growth has attracted much academic...

Persistent link: https://www.econbiz.de/10013065915

Did Chinese outward activity attenuate or aggravate the Great Recession in developing countries?

Gawellek, Bastian; Lyu, Jingjing; Süssmuth, Bernd - 2016

Using data on Chinese large-scale overseas investment and project contracts by sector, we analyze whether Chinese outward activity (COA) before the crisis worsened or alleviated the contractionary phases in developing countries. We find that, on average, COA did not increase vulnerability to the...

Persistent link: https://www.econbiz.de/10011420791

The (Unnoticed?) Contradictory Overlapping of International and Domestic Rules on FDI : Getting the Legal Facts Right

Fernandez-Pons, Xavier; Torrent, Ramon - 2012

This intends to be a very “empirical” paper. We want to let the facts (legal facts, but facts nevertheless) speak by themselves. We simply present them in an organized way and limit to the minimum our own comments. The overall objective is to show, “by getting the legal facts right”,...

Persistent link: https://www.econbiz.de/10014168424