GTAP Resources: Resource Display
| GTAP Resource #6220 |
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"Economic Impacts of Investment Facilitation" by Balistreri, Edward J., Axel Berger and Zoryana Olekseyuk Abstract We quantify the impacts of a potential Investment Facilitation Agreement (IFA) given the outcomes of the structured discussions. The analysis is based on an innovative multi-region general equilibrium simulation model including bilateral representative firms. Consideration is given to Foreign Direct Investment (FDI) and monopolistic competition. The model shows empirically relevant gains associated with removal of investment barriers. The expected global welfare gains range between 0.56% and 1.74% depending on the depth of a potential IFA. The benefits are concentrated among the members with the highest welfare increase for the low and middle income countries. Notable spillovers accrue to non-participants, which can be increased by joining the agreement. Our results contribute to the relatively scarce research on investment facilitation and provide policy makers with information on the potential effects of an IFA. |
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- Economic development - Foreign direct investment - Multilateral trade negotiations - Non-Tariff barriers - Non-Tariff measures in services - Trade in services |
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If you have trouble accessing any of the attachments below due to disability, please contact the authors listed above.
Public Access  Paper (323.2 KB) Replicated: 0 time(s) Presentation (280.8 KB) Replicated: 0 time(s)Restricted Access No documents have been attached. Special Instructions No instructions have been specified. |
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Last Modified: 9/15/2023 1:05:45 PM
