Deep Trade Agreements and FDI in Partial and General Equilibrium
This paper quantifies the relationships between deep trade liberalization and foreign direct investment. To this end, it focuses on the effects of deep trade agreements. The analysis relies on a structural framework that simultaneously enables (i) estimating the direct impact of deep trade agreements on foreign direct investment, (ii) translating the partial deep trade agreement estimates into general equilibrium effects on foreign direct investment; and (iii) obtaining partial deep trade agreement effects on trade and quantifying the impact of deep trade agreements on foreign direct investment through trade. The paper obtains sizeable, positive, and statistically significant estimates of the effects of deep trade agreements on both trade and foreign direct investment. A counterfactual analysis suggests that together with direct and indirect channels deep trade agreements have contributed.
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| Format: | Working Paper biblioteca |
| Language: | English English |
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World Bank, Washington, DC
2023-03
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| Subjects: | FOREIGN DIRECT INVESTMENT (FDI), TRADE LIBERALIZATION, DEEP TRADE, DEEP TRADE AGREEMENTS, |
| Online Access: | http://documents.worldbank.org/curated/en/099905303012343392/IDU0806e214f0558104e9509204065b6826b43ea https://openknowledge.worldbank.org/handle/10986/39494 |
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dig-okr-10986394942024-03-11T19:24:01Z Deep Trade Agreements and FDI in Partial and General Equilibrium A Structural Estimation Framework Larch, Mario Yotov, Yoto V. FOREIGN DIRECT INVESTMENT (FDI) TRADE LIBERALIZATION DEEP TRADE DEEP TRADE AGREEMENTS This paper quantifies the relationships between deep trade liberalization and foreign direct investment. To this end, it focuses on the effects of deep trade agreements. The analysis relies on a structural framework that simultaneously enables (i) estimating the direct impact of deep trade agreements on foreign direct investment, (ii) translating the partial deep trade agreement estimates into general equilibrium effects on foreign direct investment; and (iii) obtaining partial deep trade agreement effects on trade and quantifying the impact of deep trade agreements on foreign direct investment through trade. The paper obtains sizeable, positive, and statistically significant estimates of the effects of deep trade agreements on both trade and foreign direct investment. A counterfactual analysis suggests that together with direct and indirect channels deep trade agreements have contributed. 2023-03-08T22:43:36Z 2023-03-08T22:43:36Z 2023-03 Working Paper http://documents.worldbank.org/curated/en/099905303012343392/IDU0806e214f0558104e9509204065b6826b43ea https://openknowledge.worldbank.org/handle/10986/39494 English en Policy Research Working Papers; 10338 CC BY 3.0 IGO World Bank application/pdf text/plain World Bank, Washington, DC |
| institution |
Banco Mundial |
| collection |
DSpace |
| country |
Estados Unidos |
| countrycode |
US |
| component |
Bibliográfico |
| access |
En linea |
| databasecode |
dig-okr |
| tag |
biblioteca |
| region |
America del Norte |
| libraryname |
Biblioteca del Banco Mundial |
| language |
English English |
| topic |
FOREIGN DIRECT INVESTMENT (FDI) TRADE LIBERALIZATION DEEP TRADE DEEP TRADE AGREEMENTS FOREIGN DIRECT INVESTMENT (FDI) TRADE LIBERALIZATION DEEP TRADE DEEP TRADE AGREEMENTS |
| spellingShingle |
FOREIGN DIRECT INVESTMENT (FDI) TRADE LIBERALIZATION DEEP TRADE DEEP TRADE AGREEMENTS FOREIGN DIRECT INVESTMENT (FDI) TRADE LIBERALIZATION DEEP TRADE DEEP TRADE AGREEMENTS Larch, Mario Yotov, Yoto V. Deep Trade Agreements and FDI in Partial and General Equilibrium |
| description |
This paper quantifies the
relationships between deep trade liberalization and foreign
direct investment. To this end, it focuses on the effects of
deep trade agreements. The analysis relies on a structural
framework that simultaneously enables (i) estimating the
direct impact of deep trade agreements on foreign direct
investment, (ii) translating the partial deep trade
agreement estimates into general equilibrium effects on
foreign direct investment; and (iii) obtaining partial deep
trade agreement effects on trade and quantifying the impact
of deep trade agreements on foreign direct investment
through trade. The paper obtains sizeable, positive, and
statistically significant estimates of the effects of deep
trade agreements on both trade and foreign direct
investment. A counterfactual analysis suggests that together
with direct and indirect channels deep trade agreements have contributed. |
| format |
Working Paper |
| topic_facet |
FOREIGN DIRECT INVESTMENT (FDI) TRADE LIBERALIZATION DEEP TRADE DEEP TRADE AGREEMENTS |
| author |
Larch, Mario Yotov, Yoto V. |
| author_facet |
Larch, Mario Yotov, Yoto V. |
| author_sort |
Larch, Mario |
| title |
Deep Trade Agreements and FDI in Partial and General Equilibrium |
| title_short |
Deep Trade Agreements and FDI in Partial and General Equilibrium |
| title_full |
Deep Trade Agreements and FDI in Partial and General Equilibrium |
| title_fullStr |
Deep Trade Agreements and FDI in Partial and General Equilibrium |
| title_full_unstemmed |
Deep Trade Agreements and FDI in Partial and General Equilibrium |
| title_sort |
deep trade agreements and fdi in partial and general equilibrium |
| publisher |
World Bank, Washington, DC |
| publishDate |
2023-03 |
| url |
http://documents.worldbank.org/curated/en/099905303012343392/IDU0806e214f0558104e9509204065b6826b43ea https://openknowledge.worldbank.org/handle/10986/39494 |
| work_keys_str_mv |
AT larchmario deeptradeagreementsandfdiinpartialandgeneralequilibrium AT yotovyotov deeptradeagreementsandfdiinpartialandgeneralequilibrium AT larchmario astructuralestimationframework AT yotovyotov astructuralestimationframework |
| _version_ |
1794797175629152256 |