This paper seeks to quantify the impact of the European internal market programme on the sectoral and geographical pattern of foreign direct investment by U.K. corporations. The author uses an annual panel data set covering investment within seven sectors in the European Union and the United...

This paper is concerned with the allocation of total final expenditure between different categories of domestic net output and imported goods and services. In contrast to previous studies, the authors show that the use of net output data means that allowance has to be made for both consumer...

This paper explores the relationship between the location of production and the trade performance of eleven OECD countries since 1971. The paper augments a standard export demand model, which includes relative prices, market size, and measures of relative innovation, with indicators of both...

This paper examines the implications of fiscal policy and growing debt stocks for the economy. The authors construct an extended Mundell-Fleming model, along the lines of W. H. Buiter and M. Miller (1981), that allows them to investigate the effects of fiscal policy and debt accumulation on an...