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determinants. Exports and stocks of outward FDI are found to be substitutes with respect to changes in transport costs and …
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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 …
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