This paper seeks to quantify the impact of the European Internal Market programme on the sectoral and geographical pattern of foreign direct investment by UK corporations. We use an annual panel data set covering investment within seven sectors in the European Union and the US, and control for...

The purpose of this paper is to try and identify some of the factors behind the comparatively poor R&D performance of the UK in the 1990s, a decade when R&D intensity in the business sector declined consistently. We estimate an econometric model of R&D expenditure using a panel of UK...

This paper develops a new approach to the determination of house prices, with housing demand being conditioned directly on consumers' expenditure rather than the determinants of expenditure. We obtain estimates of the long-run demand for housing condition which relates the marginal rate of...

This paper explores the relationship between the relocation of international production and exports of services from the United States using a number of different panel data estimators for six different categories of services. A conventional export demand relationship is augmented by three...

Many developing economies have become increasingly disenchanted with the operations of the World Trade Organisation and the global trading system in general, reflecting a perception that their interests and concerns have been neglected. Inevitably this has reduced the enthusiasm of many...