Membership has its privileges

• Verfasst von: Dreher, Axel
• Verfasst von: Mikosch, Heiner
• Verfasst von: Voigt, Stefan
• Titel: Membership has its privileges
• Titelzusatz: the effect of membership in international organizations on FDI
• Verf.angabe: Axel Dreher; Heiner Mikosch; Stefan Voigt
• Verlagsort: Göttingen
• Verlag: CeGE
• Jahr: 2010
• Gesamttitel/Reihe: Discussion papers / Center for European Governance and Economic Development Research ; 114
• ComputerInfo: Acrobat Reader.
• ComputerInfo: Systemvoraussetzungen: Acrobat Reader.
• Datenträger: Online-Ressource
• Sprache: ger eng
• (Umfang): Online-Ressource (PDF-Datei: 40 S., 404 KB)
• Form-SW: Arbeitspapier
• Form-SW: Graue Literatur
• K10plus-PPN: 638077273

Abstract

We argue that membership in International Organizations (IOs) is an important determinant of FDI inflows. To the extent that membership restricts a country from pursuing policies that are harmful to investors, it can signal low political risk. Using data over the 1971-2005 period, we find that membership in IOs does indeed increase inflows of FDI. Controlling for the endogeneity of membership, we find this effect to be substantively important and robust to the method of estimation. -- Membership in International Organizations ; FDI ; Investment Climate ; Political Risk ; Signaling ; Separating Equilibrium