One-size-does-not-fit-all: The heterogeneous impact of BITs on regions participating in GPNs

IF 2.4 3区 经济学 Q2 ECONOMICS Papers in Regional Science Pub Date : 2024-03-12 DOI:10.1016/j.pirs.2024.100013
Laura Resmini , Luca Bettarelli , Vieri Calogero , Simona Comi , Mara Grasseni
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Abstract

Bilateral Investment Treaties (BITs) are vital for safeguarding and enhancing foreign investments, pivotal in Global Production Networks (GPNs). This study assesses the impact of BITs on GPNs driven by EU multinational enterprises, with a focus on regions hosting corporate headquarters due to their influence on the local economy. While considering the endogeneity of BITs and their diverse effects on GPN structures, our findings reveal a positive correlation between BITs and GPNs, notably stronger in less globally integrated regions. Additionally, the influence varies based on firms' network role (headquarters or subsidiaries) and the spatial distribution of headquarters. BITs stimulate GPNs in less internationalized regions but have minimal impact in headquarters-rich regions.

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一刀切:双边投资条约对参与全球网络的地区的不同影响
双边投资条约(BIT)对于保障和促进外国投资至关重要,在全球生产网络(GPN)中举足轻重。本研究评估了双边投资条约对欧盟跨国企业推动的全球生产网络的影响,重点关注企业总部所在地区,因为它们对当地经济具有影响力。考虑到双边投资协定的内生性及其对全球采购网结构的不同影响,我们的研究结果表明,双边投资协定与全球采购网之间存在正相关,尤其是在全球一体化程度较低的地区。此外,根据企业的网络角色(总部或子公司)和总部的空间分布,两者的影响也有所不同。在国际化程度较低的地区,双边投资条约会刺激全球网络,但在总部丰富的地区,双边投资条约的影响微乎其微。
本文章由计算机程序翻译,如有差异,请以英文原文为准。
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来源期刊
CiteScore
4.40
自引率
4.80%
发文量
58
期刊介绍: Regional Science is the official journal of the Regional Science Association International. It encourages high quality scholarship on a broad range of topics in the field of regional science. These topics include, but are not limited to, behavioral modeling of location, transportation, and migration decisions, land use and urban development, interindustry analysis, environmental and ecological analysis, resource management, urban and regional policy analysis, geographical information systems, and spatial statistics. The journal publishes papers that make a new contribution to the theory, methods and models related to urban and regional (or spatial) matters.
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