This paper examines the FDI flows towards two regions in the periphery of Europe: the Central and Eastern European … countries (CEECs) and the countries of Southern Europe. We investigate whether evidence exists for FDI diversion from Southern … Europe to the CEECs. A cursory observation of recent FDI trends might give rise to such claims of diversion. On the basis of …

The Eastern enlargement of the European Union (EU) is likely to give a further boost to trade and capital flows, yet … international asset holdings and trade flows. We find in most regressions that EU membership has a significant effect. Based on … still far below expected values in most cases. Consequently, we anticipate raising capital and trade flows with the approach …