Replication Data for: Do bilateral investment treaties increase foreign direct investment to developing countries? (with Laura Spess), World Development, 33 (10), 2005, pp. 1567-1585
<|begin_of_text|><|start_header_id|>system<|end_header_id|> You are a research archivist expert in dataset metadata. Answer the question truthfully.  <|eot_id|><|start_header_id|>user<|end_header_id|> Here is the Description of a dataset. Description:'Foreign investors are often skeptical toward the quality of the domestic institutionsand the enforceability of the law in developing countries. Bilateral investment treaties (BITs) guar-antee certain standards of treatment that can be enforced via binding investor-to-state dispute set-tlement outside the domestic juridical system. Developing countries accept restrictions on theirsovereignty in the hope that the protection from political and other risks leads to an increase inforeign direct investment (FDI), which is also the stated purpose of BITs. We provide the first rig-orous quantitative evidence that a higher number of BITs raises the FDI that flows to a developingcountry. This result is very robust to changes in model specification, estimation technique, and sam-ple size. There is also some limited evidence that BIT' . Please return only a json list of at most 3 Keywords corresponding to the Description:.<|eot_id|><|start_header_id|>assistant<|end_header_id|> {"Answer" : ["bilateral investment treaties","foreign direct investment","institutional quality","political risk"]} <|eot_id|>
 Here is the Description of a dataset. Description:'Foreign investors are often skeptical toward the quality of the domestic institutionsand the enforceability of the law in developing countries. Bilateral investment treaties (BITs) guar-antee certain standards of treatment that can be enforced via binding investor-to-state dispute set-tlement outside the domestic juridical system. Developing countries accept restrictions on theirsovereignty in the hope that the protection from political and other risks leads to an increase inforeign direct investment (FDI), which is also the stated purpose of BITs. We provide the first rig-orous quantitative evidence that a higher number of BITs raises the FDI that flows to a developingcountry. This result is very robust to changes in model specification, estimation technique, and sam-ple size. There is also some limited evidence that BIT' . Please return only a json list of at most 3 Keywords corresponding to the Description:.
Foreign investors are often skeptical toward the quality of the domestic institutionsand the enforceability of the law in developing countries. Bilateral investment treaties (BITs) guar-antee certain standards of treatment that can be enforced via binding investor-to-state dispute set-tlement outside the domestic juridical system. Developing countries accept restrictions on theirsovereignty in the hope that the protection from political and other risks leads to an increase inforeign direct investment (FDI), which is also the stated purpose of BITs. We provide the first rig-orous quantitative evidence that a higher number of BITs raises the FDI that flows to a developingcountry. This result is very robust to changes in model specification, estimation technique, and sam-ple size. There is also some limited evidence that BIT
bilateral investment treaties; foreign direct investment;  institutional quality; political risk