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GTAP Resources: Resource Display

GTAP Resource #6220

"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.


Resource Details (Export Citation) GTAP Keywords
Category: 2021 Conference Paper
Status: Not published
By/In: Presented during the 24th Annual Conference on Global Economic Analysis (Virtual Conference)
Date: 2021
Version: 1
Created: Balistreri, E. (4/8/2021)
Updated: Balistreri, E. (6/25/2021)
Visits: 432
- Economic development
- Foreign direct investment
- Multilateral trade negotiations
- Non-Tariff barriers
- Non-Tariff measures in services
- Trade in services


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  File format Presentation  (280.8 KB)   Replicated: 0 time(s)


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