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Why are Trade Agreements More Attractive in the Presence of Foreign Direct Investment?
Marcelo Olarreaga
出版
Economic Research and Analysis Division, World Trade Organization
, 1998
URL
http://books.google.com.hk/books?id=kwiyAAAAIAAJ&hl=&source=gbs_api
註釋
This paper argues that interests of nationals and owners of home-based foreign capital in the formation of a trade agreement are not antagonistic, except under rather particular assumptions on initial tariffs among potentional members. Further, if initial tariffs are endogenously determined through an industry-lobbying process, then TA that would have been immisering in the absence of foreign direct investment, may be welfare-enhancing in the presence of foreign-owned firms