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  1. Does the East Get What Would Otherwise Flow to the South? FDI Diversion in Europe
  2. Economic integration and FDI: an empirical analysis of foreign investment in the EU and in Central and Eastern Europe
    Published: [2001]
    Publisher:  ACE Programme Management, Brüssel

    Recent evidence suggests that regional economic integration provides an important stimulus not only to trade, but also to FDI. In contrast, the available theory on FDI does not yet provide empirically testable propositions on the effects of... more

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    W 1414
    No inter-library loan

     

    Recent evidence suggests that regional economic integration provides an important stimulus not only to trade, but also to FDI. In contrast, the available theory on FDI does not yet provide empirically testable propositions on the effects of concurrent trade and investment liberalisation. Moreover, given the limits of simulation models, which rely heavily upon parameter choice, in assessing the impact of such liberalisation, there is a need for empirical analysis to identify the principal features of FDI. This paper uses a "gravity model" approach to assess the impact of the deepening integration between the EU and the CEECs on FDI flows in terms of three key issues. First, we provide systematic estimates of the expected long-term level of FDI in the CEECs. Second, we investigate whether FDI in the CEECs, on the one hand, and source country exports and imports, on the other hand, are complements or substitutes. Finally, we enquire whether an increase in the attractiveness of the CEECs to foreign investors has affected the magnitude of FDI going to other European countries.

     

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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Discussion paper series / Phare ACE Programme ; no 09, 1
    Subjects: Auslandsinvestition; Gravitationsmodell; EU-Mitgliedschaft; Internationale Wirtschaftsbeziehungen; Wirtschaftsintegration; Schätzung; EU-Staaten; Osteuropa; Foreign Direct Investment; Transition Economies; Gravity Model
    Scope: Illustrationen
  3. The enlargement of the European Union and the redistribution of seigniorage wealth
    Published: 2001
    Publisher:  Univ., Volkswirtschaftl. Fak., München

    In the course of the EU enlargement process, the participation of accession countries in the European Monetary Union might lead to a significant redistribution of seigniorage wealth if current regulations prevail. In general, accession countries will... more

    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    DS 483 (2001,4)
    No inter-library loan
    Universitätsbibliothek Mannheim
    No inter-library loan

     

    In the course of the EU enlargement process, the participation of accession countries in the European Monetary Union might lead to a significant redistribution of seigniorage wealth if current regulations prevail. In general, accession countries will be winners from this redistribution, for example Poland with 12.9 billion euros, Romania with 9.9 billion euros or Hungary with 3.3 billion euros. Correspondingly, the current member countries of the European Union face costs of 35.3 billion euros in total, the biggest part of which has to be borne by Germany.

     

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    Content information
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Other identifier:
    hdl: 10419/104089
    RVK Categories: QC 000
    Series: Munich discussion paper ; 2001-4
    Subjects: Münzgewinn; Eurozone; EU-Mitgliedschaft; EU-Staaten; Osteuropa; European Currency Union; Transition Economies; European Integration; Central Banks; Seigniorage
    Scope: Online-Ressource