Night lights could be a valuable proxy of economic activity at the subnational level when GDP data are lacking or of poor quality. Supplementing Henderson et al.’s (2012) analysis at the national level, we assess the stability of the elasticity of GDP with regard to night lights across regions...

This paper investigates the effects of inward FDI on per-capita income and growth of the US states since the mid-1970s. Using a Markov chain approach, it shows that both quantitative and qualitative characteristics of FDI affect per-capita income and growth. Employment-intensive FDI,...

We empirically assess the determinants of India’s FDI outflows across a large sample of host countries in the 1996-2009 period. Based on gravity model specifications, we employ Poisson pseudo maximum likelihood (PPML) estimators. Major findings include: India’s outward FDI is hardly affected...

Die in vielen internationalen Investitionsabkommen festgeschriebenen Regeln zur Streitschlichtung zwischen ausländischen Investoren und den Gaststaaten stoßen in Politik und Öffentlichkeit auf zunehmenden Widerstand. Die Auswertung einer neueren Datenbank der UNCTAD über insgesamt 739...

Self-interested and biased arbitrators are often held responsible for the legitimacy crisis of investor-state dispute settlement (ISDS). Based on UNCTAD's database on ISDS since the late 1990s, we find no compelling evidence that arbitrators are systematically biased. Many disputes are handled...

Die neue Welle des Regionalismus in Lateinamerika bietet mehr als alten Wein in neuen Schläuchen. Dennoch drohen hohe Erwartungen enttäuscht zu werden, die in die regionale Integration gesetzt werden. Die Entwicklung der ausländischen Direktinvestitionen in Lateinamerika in den neunziger...

Donor reactions to recent settlements of internal conflicts have been highly diverse, in terms of both overall aid and its sectoral composition. The allocation of post-conflict aid tends to be needs-based by favoring particularly poor countries. There is no conclusive evidence, however, that the...