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Neumayer, E., & Spess, L. (2005). Do Bilateral Investment Treaties Increase Foreign Direct Investment to Developing Countries? World Development, 33, 1567-1585.
https://doi.org/10.1016/j.worlddev.2005.07.001

has been cited by the following article:

• TITLE: BITs and FDI Revisited: A Matching Approach

  AUTHORS: Terence K. Teo

  KEYWORDS: Bilateral Investment Treaties, Foreign Direct Investment, Coarsened Exact Matching

  JOURNAL NAME: Open Journal of Political Science, Vol.11 No.2, April 30, 2021

  ABSTRACT: Bilateral Investment Treaties (BITs) are legal agreements between two governments with the goal of protecting and attracting FDI. However, existing research on whether BITs fulfill their intended purpose remains mixed. I argue that the empirical analysis of BITs must statistically account for the selection into BIT signing to identify the effects of BITs on FDI. Using a matching approach, I find that BITs do attract FDI.