In this paper we estimate the trade effects of the euro adoption in countries that joined the European Union in 2004. We employ a generalized gravity model that controls for an extended set of trade theory and policy variables. Trade theory variables include both the country size and factor...

Following the new strand in the new trade theory literature that focuses on firm heterogeneity initiated by the Melitz [2003] model, in this paper we investigate the determinants of export activity of firms in the Visegrad-4 countries. The study covers the Czech Republic, Hungary, Poland and...

This paper investigates the impact of specialization, diversification, and competition externalities on the regional growth of employment in the high-tech industries of the European Economic Area (EEA). A dynamic panel dataset of two-digit NACE rev 1.1. industries in the EEA regions is used in...

This article investigates the macro-economic effects of the inflow of direct foreign investments for the economy of the host country with the use of a three-factor model of general equilibrium. In the analysis three kinds of effects connected with the activity of international enterprises were...

This article investigates the location determinants of firms with foreign capital participation within Poland using the regional data set from 1993 to 1998. It is found that the concentration of foreign economic activity is positively related to industry and service agglomeration and the road...

After the collapse of communism in Central and Eastern Europe (CEE) many countries in the region radically liberalized their foreign trade regimes in the 1990s. In particular preferential trade liberalization in the CEE countries has been promoted by the European Union in the form of the...

In this paper we estimate the trade effects of the euro adoption in Central European countries using a modified gravity model. In particular, we analyze the ex post implications of accession of Slovenia and Slovakia to the Eurozone. We employ a gravity model that controls for an extended set of...