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Our estimation results prove to be sensitive to the specification of these
provisions as well as the inclusion of transition countries in the sample.
Stricter dispute settlement provisions do not necessarily result in higher
FDI inflows so that the effectiveness of BITs as a credible commitment
device remains elusive.
Axel Berger — German Development Institute, Bonn, Germany
Matthias Busse — Ruhr-University of Bochum, Germany
Peter Nunnenkamp — Kiel Institute for the World Economy, Germany
Martin Roy — World Trade Organization, Geneva, Switzerland
Dispute Settlement, BITs, FDI flows
JEL classification numbers:
F21, F23, K33
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