Deep Trade Agreements and FDI in Partial and General Equilibrium : A Structural Estimation Framework

DOI zum Zitieren der Version auf EPub Bayreuth: https://doi.org/10.15495/EPub_UBT_00008736
URN to cite this document: urn:nbn:de:bvb:703-epub-8736-9

Title data

Larch, Mario ; Yotov, Yoto V:
Deep Trade Agreements and FDI in Partial and General Equilibrium : A Structural Estimation Framework.
In: The World Bank Economic Review. Vol. 39 (November 2024) Issue 2 . - pp. 281-307.
ISSN 0258-6770
DOI der Verlagsversion: https://doi.org/10.1093/wber/lhae031

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Abstract

This paper quantifies the relationships between deep trade agreements and foreign direct investment (FDI). The analysis relies on a structural framework that simultaneously enables (a) estimating the direct impact of deep trade agreements on FDI, (b) translating the partial deep trade agreement estimates into general equilibrium effects on FDI, and (c) obtaining partial deep trade agreement effects on trade and quantifying the impact of deep trade agreements on FDI through trade. The effects of deep trade agreements on both trade and FDI are sizeable, positive, and statistically significant. A counterfactual analysis suggests that together with direct and indirect channels deep trade agreements have contributed to a large but asymmetric increase in inward versus outward FDI.

Further data

Item Type:	Article in a journal
DDC Subjects:	300 Social sciences 300 Social sciences > 330 Economics
Institutions of the University:	Faculties > Faculty of Law, Business and Economics > Department of Economics > Chair Economics VI - Empirical Economic Research > Chair Economics VI - Empirical Economic Research - Univ.-Prof. Dr. Mario Larch Faculties Faculties > Faculty of Law, Business and Economics Faculties > Faculty of Law, Business and Economics > Department of Economics Faculties > Faculty of Law, Business and Economics > Department of Economics > Chair Economics VI - Empirical Economic Research
Language:	English
Originates at UBT:	Yes
URN:	urn:nbn:de:bvb:703-epub-8736-9
Date Deposited:	09 Dec 2025 14:33
Last Modified:	11 Dec 2025 08:54
URI:	https://epub.uni-bayreuth.de/id/eprint/8736

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