determinants of international asset holdings and trade flows. We find in most regressions that EU membership has a significant …The Eastern enlargement of the European Union (EU) is likely to give a further boost to trade and capital flows, yet … candidates actual values are still far below expected ones in most cases. Consequently, we anticipate rising capital and trade …

Trade in intermediate goods as one possible link between rising trade and foreign direct investment is examined. To … explain growing intermediate goods trade, three hypotheses are brought forward: outsourcing, global sourcing and the … reason of growing trade in intermediate goods in the cross-section and the time-series framework. The evidence for …

biased technical progress rather than by increasing international trade with low wage countries. However, in linking prices … for final goods with prices of primary factors, most empirical studies have only dealt with international trade in final … goods and have thereby neglected the impact of international outsourcing. In this paper it is argued that outsourcing can be …