This paper analyses the effects of Agenda 2000's policy reform on the stocks of outward FDI to the European Union … the FDI decision. In the empirical part, we estimate a dynamic panel data model and find that structural expenditures … exert a significant positive impact on real stocks of outward FDI to EU countries. We simulate the Agenda 2000 program and …

new EUmembers. This redistribution of funds makes the accession countries even more attractive as a location of FDI. Using … Agenda 2000 leads to a redistribution of FDI by approximately 0.8 percentage points from the current EU members to the …

new EU members. This redistribution of funds makes the accession countries even more attractive as a location of FDI … Agenda 2000 leads to a redistribution of FDI by approximately 5-7 percentage points from the current EU members to the …

than log-linear models to specify "normal" FDI and obtain estimates of unexhausted FDI potentials. I use panel data on …