Document Type

Working Paper

Publication Date

2013

Abstract

This paper examines theoretically and empirically the role of political risk guarantees, which bilateral investment treaties serve, in debt accumulation in low and middle income countries. The paper empirically finds that signed bilateral investment treaties with OECD countries have a positive influence on total and guaranteed debt accumulation, under system GMM and OLS estimation methodologies. Results suggest that the role of bilateral investment treaties extends beyond attracting FDI to international lending.

Comments

International Center for Public Policy Working Paper Series #1325, Andrew Young School of Policy Studies, Georgia State University.

Download

Included in

Economics Commons

Share

COinS