Beyond FDI: The Influence of Bilateral Investment Treaties on Debt

Wasseem Mina ()

International Center for Public Policy Working Paper Series, at AYSPS, GSU from International Center for Public Policy, Andrew Young School of Policy Studies, Georgia State University

Abstract: This paper examines theoretically and empirically the role of political risk guarantees, which bilateral investment treaties serve, in debt accumulation in low and middle income countries. The paper empirically finds that signed bilateral investment treaties with OECD countries have a positive influence on total and guaranteed debt accumulation, under system GMM and OLS estimation methodologies. Results suggest that the role of bilateral investment treaties extends beyond attracting FDI to international lending.

Keywords: Debt; debt guarantees; political risk; default risk; bilateral investment treaties (search for similar items in EconPapers)
Pages: 37 pages
Date: 2013-12-03
New Economics Papers: this item is included in nep-int
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http://icepp.gsu.edu/files/2015/03/ispwp1325.pdf (application/pdf)

Related works:
Working Paper: Beyond FDI: The Influence of Bilateral Investment Treaties on Debt (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:ays:ispwps:paper1325

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