The Effects of Investment Treaties and Trade Agreements on FDI: The Case of Serbia

被引：0

作者：

Lee, Han-Sol ^{[1
]}

Nenovsky, Nikolay ^{[2
,3
]}

Yu, Woosik ^{[4
]}

机构：

[1] Peoples Friendship Univ Russia Patrice Lumumba, Fac Econ, Dept Mkt, Moscow, Russia

[2] Univ Picardie Jules Verne, LEFMI, Amiens, France

[3] Governing Council Bulgarian Cent Bank, Sofia, Bulgaria

[4] KIMEP Univ, Dept Econ, Abay Ave 2, Alma Ata 050010, Kazakhstan

来源：

EASTERN EUROPEAN ECONOMICS | 2024年

关键词：

Bilateral investment treaty; foreign direct investment; regional trade agreement; Serbian economy; transition economy; F14; F21; P25; FOREIGN DIRECT-INVESTMENT; INTERNATIONAL-TRADE; OUTWARD FDI; PANEL-DATA; DETERMINANTS; SUBSTITUTES; EXPORTS; IMPACT;

D O I：

10.1080/00128775.2024.2347970

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This study explores the effects of Bilateral Investment Treaties (BIT) and Regional Trade Agreements (RTA) on foreign direct investment (FDI) inflows into Serbia, utilizing panel data for 2010-2021. The results indicate that both BIT and RTA independently exert positive impacts on Serbia's inward FDI. Also, the interaction effects between BIT and RTA dummies and export/import variables on inward FDI are positive. This suggests that the implementation of BITs and/or RTAs fosters a complementary relationship between trade and FDI in Serbia as the predominant type of FDIs from partner states with which Serbia shares BITs and/or RTAs is vertical and export-platform rather than horizontal.

引用

页数：27

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