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Journal article
Philipp Hühne ,
Birgit Meyer ,
Martin Roy

Democracies Cooperate More - Even Where It Threatens to Bite?

  • Abstract

    Estimating two-step selection models, we find that more democratic governments are more likely to conclude preferential trade agreements (PTAs) and to agree to stricter investment provisions related to pre-establishment national treatment and investor-state dispute settlement in PTAs. This is surprising when considering the potentially high costs of litigation.
  • Keywords

    preferential trade agreements (PTA), investor-state dispute settlement, national treatment, democracy
  • JEL classification

    F13, F42
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