This paper provides an assessment of the contribution to privatization in Romania of the 1995-96 Mass Privatization Program (MPP), which offered shares in nearly 5000 companies to citizens in exchange for coupons. Analyzing a comprehensive database of MPP companies, we find that an average of...

This paper explores the impact of EU membership on foreign direct investment (FDI). It analyses empirically how the effects of such deep integration differ from other forms and investigates what drives these effects. Using a structural gravity framework on annual bilateral FDI data for almost...

This paper explores the impact of EU membership on foreign direct investment (FDI). It analyses empirically how the effects of such deep integration differ from other forms and investigates what drives these effects. Using a structural gravity framework on annual bilateral FDI data for almost...