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.
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页数：27
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