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GTAP Resources: Resource Display

GTAP Resource #7136

"Investment Facilitation for Development Agreement: Potential Gains"
by Balistreri, Edward J. and Zoryana Olekseyuk


Abstract
We investigate the potential effects of the newly negotiated WTO Investment Facilitation for Development (IFD) Agreement depending on the coverage of implemented provisions. The analysis is methodologically based on a multi-region general equilibrium simulation model including bilateral representative firms, foreign direct investment (FDI) and monopolistic competition. The results suggest substantial global welfare gains ranging between 0.63% for the IFD binding provisions and 1.73% for all IFD provisions. Countries in the group of Friends of Investment Facilitation for Development (FIFD) as well as low and middle-income countries gain the most. The benefits for all regions increase together with the coverage of the implemented IFD provisions as well as with the rising number of participating countries. This provides a strong incentive for non-participating developing countries to join the IFD, reform their investment frameworks in line with the IFD agenda, and use the support structure contained in the section on special and differential treatment.


Resource Details (Export Citation) GTAP Keywords
Category: 2024 Conference Paper
Status: Not published
By/In: Presented during the 27th Annual Conference on Global Economic Analysis (Fort Collins, Colorado, USA)
Date: 2024
Version:
Created: Olekseyuk, Z. (3/20/2024)
Updated: Olekseyuk, Z. (5/28/2024)
Visits: 60
- Foreign direct investment
- Multilateral trade negotiations
- Non-Tariff barriers
- Advances in quantitative methods
- Global


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  File format GTAP Resource 7136_presentation  (1.4 MB)   Replicated: 0 time(s)
  File format Paper  (324.0 KB)   Replicated: 0 time(s)


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