The present paper investigates the link between exports and the outward FDI stock using a panel of industries and seven EU countries for the period 1973-2004. In particular, we use the panel causality tests developed by Holtz-Eakin, Newey, and Rosen (1988). Estimates using system GMM estimators...

Afrika ist ein Kontinent mit immensen Zukunftschancen, steht aber großen Herausforderungen gegenüber. Das Wirtschaftswachstum der vergangenen Jahre war vielerorts hoch, die Bevölkerung wird sich bis 2050 verdoppeln, aber die Pro-Kopf-Einkommen sind immer noch sehr niedrig. Das wirtschaftliche...

When President Trump came into office the US administration launched a detailed analysis of American trade relations. It aimed to identify "unfair trade practices" that are supposedly increasingly being used by other countries, and that are economically damaging to America. This study simulates...

Die wirtschaftlichen und institutionellen Beziehungen zwischen der Schweiz und der EU sind in über 100 verschiedenen Abkommen und zugehörigen Protokollen geregelt. Zu den bedeutendsten Verträgen zählen das Freihandelsabkommen von 1972 und die Abkommen im Rahmen der Bilateralen I und der...

This paper reviews selected aspects of economic relations between the EU and Russia, focusing on the impact that the last two waves of EU enlargement have had on Russia, as well as the role of the euro in Russia. The analysis suggests that if EU enlargement has had any diversion effects on trade...

The idea of a Deep and Comprehensive Free Trade Agreement goes beyond the traditional concept of trade liberalization and, apart from the elimination of tariffs in trade of goods, it also includes the reduction/ removal of non-tariff barriers, the liberalization of the investment regime, the...

European Union and the United States have decided to start negotiations over a Transatlantic Trade and Investment Partnership. Among other things, the agreement would include a reduction in trade and investment barriers as well as barriers against participation in public procurement projects. If...

Based on a panel data set for 38 European countries over the period 1995-2014 and by using the definition of 'foundational competitiveness', which we operationalise as GDP per working-age individual at PPP, this paper analyses how much trading partners matter for the national competitiveness of...

This policy note summarises the main findings of our recent research on the effects of labour and corporate taxation on international trade, and discusses their policy implications. The first major finding is that labour taxes do not seem to affect imports, while their effect on exports is...