Impact of Local Content Restrictions and Barriers against Foreign Direct Investment in Services : The Case of Kazakhstan's Accession to the World Trade Organization

We employ a computable general equilibrium model of the Kazakh economy to assess the effect of accession to the World Trade Organization (WTO). Our model incorporates foreign direct investment by multinational business service providers and by multinational oil and gas companies; it contains endogen...

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Main Authors:	Jensen, Jesper, Tarr, David
Format:	Journal Article
Language:	EN
Published:	2012
Subjects:	Trade Policy International Trade Organizations F130 International Investment Long-term Capital Movements F210 Multinational Firms International Business F230 Industry Studies: Services: General L800 International Linkages to Development Role of International Organizations O190 Socialist Institutions and Their Transitions: International Trade, Finance, Investment, and Aid P330
Online Access:	http://hdl.handle.net/10986/5885

id	okr-10986-5885
recordtype	oai_dc
spelling	okr-10986-58852021-04-23T14:02:23Z Impact of Local Content Restrictions and Barriers against Foreign Direct Investment in Services : The Case of Kazakhstan's Accession to the World Trade Organization Jensen, Jesper Tarr, David Trade Policy International Trade Organizations F130 International Investment Long-term Capital Movements F210 Multinational Firms International Business F230 Industry Studies: Services: General L800 International Linkages to Development Role of International Organizations O190 Socialist Institutions and Their Transitions: International Trade, Finance, Investment, and Aid P330 We employ a computable general equilibrium model of the Kazakh economy to assess the effect of accession to the World Trade Organization (WTO). Our model incorporates foreign direct investment by multinational business service providers and by multinational oil and gas companies; it contains endogenous productivity effects in both goods and services markets through a Dixit-Stiglitz (1977) framework. Our model is innovative in that we assess the effect of local content provisions for multinational oil and gas companies, provisions that are highly contentious in WTO accession negotiations. We show that our model features are crucial to the results, as the estimated gains are more than ten times larger than the gains from a constant return-to-scale model. 2012-03-30T07:35:01Z 2012-03-30T07:35:01Z 2008 Journal Article Eastern European Economics 00128775 http://hdl.handle.net/10986/5885 EN http://creativecommons.org/licenses/by-nc-nd/3.0/igo World Bank Journal Article Kazakhstan
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	EN
topic	Trade Policy International Trade Organizations F130 International Investment Long-term Capital Movements F210 Multinational Firms International Business F230 Industry Studies: Services: General L800 International Linkages to Development Role of International Organizations O190 Socialist Institutions and Their Transitions: International Trade, Finance, Investment, and Aid P330
spellingShingle	Trade Policy International Trade Organizations F130 International Investment Long-term Capital Movements F210 Multinational Firms International Business F230 Industry Studies: Services: General L800 International Linkages to Development Role of International Organizations O190 Socialist Institutions and Their Transitions: International Trade, Finance, Investment, and Aid P330 Jensen, Jesper Tarr, David Impact of Local Content Restrictions and Barriers against Foreign Direct Investment in Services : The Case of Kazakhstan's Accession to the World Trade Organization
geographic_facet	Kazakhstan
relation	http://creativecommons.org/licenses/by-nc-nd/3.0/igo
description	We employ a computable general equilibrium model of the Kazakh economy to assess the effect of accession to the World Trade Organization (WTO). Our model incorporates foreign direct investment by multinational business service providers and by multinational oil and gas companies; it contains endogenous productivity effects in both goods and services markets through a Dixit-Stiglitz (1977) framework. Our model is innovative in that we assess the effect of local content provisions for multinational oil and gas companies, provisions that are highly contentious in WTO accession negotiations. We show that our model features are crucial to the results, as the estimated gains are more than ten times larger than the gains from a constant return-to-scale model.
format	Journal Article
author	Jensen, Jesper Tarr, David
author_facet	Jensen, Jesper Tarr, David
author_sort	Jensen, Jesper
title	Impact of Local Content Restrictions and Barriers against Foreign Direct Investment in Services : The Case of Kazakhstan's Accession to the World Trade Organization
title_short	Impact of Local Content Restrictions and Barriers against Foreign Direct Investment in Services : The Case of Kazakhstan's Accession to the World Trade Organization
title_full	Impact of Local Content Restrictions and Barriers against Foreign Direct Investment in Services : The Case of Kazakhstan's Accession to the World Trade Organization
title_fullStr	Impact of Local Content Restrictions and Barriers against Foreign Direct Investment in Services : The Case of Kazakhstan's Accession to the World Trade Organization
title_full_unstemmed	Impact of Local Content Restrictions and Barriers against Foreign Direct Investment in Services : The Case of Kazakhstan's Accession to the World Trade Organization
title_sort	impact of local content restrictions and barriers against foreign direct investment in services : the case of kazakhstan's accession to the world trade organization
publishDate	2012
url	http://hdl.handle.net/10986/5885
_version_	1764396655628517376

Impact of Local Content Restrictions and Barriers against Foreign Direct Investment in Services : The Case of Kazakhstan's Accession to the World Trade Organization

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