The opening up of Central and Eastern Europe has provided new investment opportunities for German investors. At the same time, importing capital from abroad can be an efficient mechanism towards increased factor accumulation for the accession states to the European Union. In this paper, we study...

In this study, indicators such as trade openness, intra-industry trade intensity, Feldstein-Horioka coefficients, royalties and license fee flows and outward production ratios are used to measure Japan's integration into the global economy in the 1990s. Among the OECD countries, Japan's...

Die Öffnung der mittel- und osteuropäischen Staaten hat deutschen Investoren neue Investitionsmöglichkeiten eröffnet. Gleichzeitig bietet der Import ausländischen Kapitals für die Reformländer einen Weg zu einer effizienten Faktorakkumulation. In diesem Papier untersuchen wir die...

Governments of most accession countries in Central and Eastern Europe initially expressed keen interest to adopt the Euro as soon as possible. The fervour seems to have cooled somewhat in the meantime. This paper will argue that there are good reasons for mixed feelings. While monetary...