FDI from the European Union (EU) ranks before FDI from North America (NA) in some of the Latin American countries. We … investigate the impact of EU- versus NA-FDI on the growth rate including about 50 controls. Country specific effects and parameter … of legal frameworks and the quality of infrastructure. EU-FDI is an important, robust growth determinant whereas NA …

specializations and economic policy coordination, contributed to the synchronization of business cycles in the enlarged EU. We … synchronization, specifically between incumbent and new EU members. More coordinated fiscal policies and, particularly in EU 15, the … EU income convergence, a declared objective of EU policy, supported business cycle synchronization. …