This paper considers the nature and the distribution of trade and FDI effects of a potential enlargement of the European Monetary Union (EMU) to the 10 countries that obtained EU membership in 2004. One-way and two-way error component gravity models are estimated using a data set of unbalanced...

Foreign subsidiary performance and market efficiency effects are estimated and confronted in this paper using a rich firm-level panel for Polish manufacturing. Besides estimating total factor productivity, other performance measures are calculated and contrasted such as labor productivity,...

The paper is an attempt to generalise some empirical evidence on the relationships between technology transfer and structural adjustment in the new market economies in Central and Eastern Europe. The Polish experience in 1989-1995 is selected as a point of reference. It is argued that ten...