This paper studies the location choice of foreign multinational firms in the Baltic economies of Estonia, Latvia, and Lithuania using a knowledge-and-physical capital model across 2004-2017. We used the Bayesian model averaging estimation method to investigate a set of possible factors that...

This paper studies the determinants of German direct investment in the Central and Eastern European countries during the period 1996-2016 using the augmented Knowledge Capital model to identify the main reasons for foreign direct investment (FDI). The empirical results show increasing...

In this paper, we study the growth effects of the 2004 Eastern enlargement of the European Union (EU) using the synthetic control method. We estimate that this EU enlargement had an immediate but modest positive impact on the economic growth of the EU-8 countries in the first few years following...