Open access
Date
2024Type
- Journal Article
ETH Bibliography
yes
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Abstract
This paper focuses on the effect of preferential trade agreements and their depth on firm-to-firm ownership, in particular, along global value chains. It measures shareholder-affiliate ownership links at the country-sector-pair level to distinguish between vertical and horizontal links. The findings show that preferential trade agreements boost vertical international investment links (both backward and forward) while reducing horizontal investment. Deep preferential trade agreements stimulate investment particularly for sector pairs, where a high input specificity prevails. Show more
Permanent link
https://doi.org/10.3929/ethz-b-000664625Publication status
publishedExternal links
Journal / series
The World Bank Economic ReviewPages / Article No.
Publisher
Oxford University PressSubject
PTAs; PTA depth; foreign ownership; foreign direct investmentMore
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ETH Bibliography
yes
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