Beyond FDI: The Influence of Bilateral Investment Treaties on Debt

Wasseem Mina ()

MPRA Paper from University Library of Munich, Germany

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)
JEL-codes: F34 G15 K33 (search for similar items in EconPapers)
Date: 2012-10-04
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/51920/1/MPRA_paper_51920.pdf original version (application/pdf)

Related works:
Working Paper: Beyond FDI: The Influence of Bilateral Investment Treaties on Debt (2013)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:51920

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().