Do Deep Trade Agreements Boost Vertical FDI?

Osnago, Alberto ; Rocha, Nadia ; Ruta, Michele

Published by Oxford University Press on behalf of the World Bank

关键词: PREFERENTIAL TRADE;    PREFERENTIAL TRADE AGREEMENT;    FOREIGN DIRECT INVESTMENT;    FIRM OWNERSHIP;    GLOBAL VALUE CHAIN;   

DOI  :  10.1093/wber/lhw020
RP-ID  :  140501

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

An increasing number of preferentialtrade agreements (PTAs) and the rise of offshore productionare distinctive features of the modern world economy.Exploiting the World Trade Organization (WTO) database onthe content of deep trade agreements, the authors build onthe existing literature to investigate whether deep tradeagreements between countries are related to vertical foreigndirect investment (FDI). Specifically, the authors show thatdeeper trade agreements increase vertical FDI measured witha proxy constructed in Osnago, Rocha, and Ruta with data onforeign firm ownership and subsidiaries’ revenues availablein the ORBIS database.