TY - BOOK ID - 133623760 TI - Beyond Trade : The Impact of Preferential Trade Agreements On Foreign Direct Investment Inflows PY - 2006 PB - Washington, D.C., The World Bank, DB - UniCat KW - Barriers KW - Common Market KW - Competition KW - Currencies and Exchange Rates KW - Debt Markets KW - Economic Theory and Research KW - Emerging Markets KW - Exchange KW - Finance and Financial Sector Development KW - Foreign Direct Investment KW - Foreign Investment KW - Free Trade KW - Harmonization KW - Income KW - Intellectual Property KW - Interest KW - International Capital KW - International Capital Flows KW - International Economics & Trade KW - Investment and Investment Climate KW - Investment Climate KW - Job Creation KW - Law and Development KW - Liberalization KW - Macroeconomics and Economic Growth KW - Market Access KW - Private Sector Development KW - Property Rights KW - Public Sector Development KW - Regional Trade KW - Trade KW - Trade and Regional Integration KW - Trade Law KW - Trade Policy KW - World Trade UR - https://www.unicat.be/uniCat?func=search&query=sysid:133623760 AB - The author investigates the effects of preferential trade agreements (PTAs) on the net foreign direct investment (FDI) inflows of member countries using a comprehensive database of PTAs in a panel setting. He finds that PTA membership is associated with a positive change in net FDI inflows, and the FDI gains are increasing in the market size of the PTA partners and their proximity to the host country. The author identifies several different channels through which preferential trade liberalization may affect FDI, and confirms that both threshold effects (signing the agreement) and market size effects (joining a larger and faster-growing common market) are important determinants of net FDI inflows, although the latter seem to dominate. The estimated relationship is largely driven by North-South PTAs, and is most pronounced in the late 1990s and early 2000s, the period when the majority of "deep integration" PTAs had been advanced. ER -