Democracies Cooperate More – Even Where it Threatens to Bite? - Kiel Institute

Authors

Hühne
P.
Meyer
B.
Nunnenkamp
P.
Roy
M.

Publication Date

07/2015

JEL Classification

F53

Key Words

democracy

investor-state dispute settlement

national treatment

preferential trade agreements (PTA)

Related Topics

International Trade

Foreign Direct Investments

Estimating two-step selection models, we find that more democratic governments are more likely to conclude preferential trade agreements (PTAs) and to agree to stricter investment provisions related to pre-establishment national treatment and investor-state dispute settlement in PTAs. This is surprising when considering the potentially high costs of litigation.

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