Please use this identifier to cite or link to this item: https://hdl.handle.net/10356/157165
Title: A BIT does go a long way: the positive effect of bilateral investment treaties on China's foreign direct investment inflows
Authors: Liow, Karyn Sze Min
Keywords: Social sciences::Political science
Issue Date: 2022
Publisher: Nanyang Technological University
Source: Liow, K. S. M. (2022). A BIT does go a long way: the positive effect of bilateral investment treaties on China's foreign direct investment inflows. Final Year Project (FYP), Nanyang Technological University, Singapore. https://hdl.handle.net/10356/157165
Project: HA21_08
Abstract: Existing literature on China’s Bilateral Investment Treaties (BITs) and their impacts on its Foreign Direct Investment (FDI) inflows has been understudied (Chen et al., 2017; Y. Li & Zhang, 2015; Tai & Liu, 2014; K. Zeng & Lu, 2016; L. Zhang & Feng, 2009). Empirical challenges in the causal inference lie in China’s strategic selection and the existence of time-varying and country-specific confounders in its BIT conclusion. Employing Liu et al. (2021)’s counterfactual estimation framework to account for time-trends, staggered adoptions, and various confounding variables, this study identifies the overall positive effects of China’s BITs on its FDI inflows from 1978 to 2020. The positive effects are robust to various model specifications. However, a further analysis reveals that the average positive effect of China’s BITs on its FDI inflows are significantly influenced by BITs signed between China and its partner countries in the 1980s. Such heterogeneous treatment effects suggest that China’s BIT policy in the 1980s was a strategic one – it selectively concluded BITs with the most promising economic partners in the early period of its BIT regime. It then gradually broadened the BIT network to more partner countries as its diplomatic relations expanded over time.
URI: https://hdl.handle.net/10356/157165
Fulltext Permission: embargo_restricted_20240505
Fulltext Availability: With Fulltext
Appears in Collections:SSS Student Reports (FYP/IA/PA/PI)

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