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(FDI) inflows was that monetary integration will affect positively the FDI. The aim of this paper is to construct and test … a model explaining the intra-EMU FDI position of various EMU countries on the basis of their location advantages during …. The model focuses on the impact of EMU on FDI inflows and indicates that the monetary union has no significant impact on …
Persistent link: https://www.econbiz.de/10011279846
economic integration agreements, such as the euro, may lead to a drop in not only trade but horizontal FDI costs as well …. Theoretically, the results can be explained by the substitutability between exporting and horizontal FDI within a two-sector, two …
Persistent link: https://www.econbiz.de/10013016763
We analyze producer price developments in the transition from a national exchange rate regime to a monetary union. The focus is on the European Economic and Monetary Union (EMU). Stylized facts witness about an exploding gaps in producer-price inflation during the years immediately following the...
Persistent link: https://www.econbiz.de/10014053359
Real exchange and interest rates may still fluctuate inside the EMU and give rise to changes in competitiveness. We find, in contrast to what is generally expected, no convergence in these variables after the introduction of the euro. On the contrary, a divergence is found that is extraordinary...
Persistent link: https://www.econbiz.de/10014072433
In this paper we investigate the impact of the euro integration process on the drivers of FDI inflows. We show … theoretically and empirically that the single currency alters the drivers of FDI inflows across its Member States. Estimating … bilateral gravity models of FDI inflows into euro area countries, we show that the euro facilitates intra-euro area vertical FDI …
Persistent link: https://www.econbiz.de/10012871300
This paper assesses the main influences on foreign direct investment (FDI) flows between the major economies in the … concludes that the huge wave of FDI that reached the Eurozone after EMU was largely a manifestation of the end …-of-century takeover boom, a global phenomenon of which the euro was only a subsidiary cause. But much of the boom in euro economies' FDI …
Persistent link: https://www.econbiz.de/10012716397
In this paper we investigate the impact of the euro integration process on the drivers of FDI inflows. We show … theoretically and empirically that the single currency alters the drivers of FDI inflows across its Member States. Estimating … bilateral gravity models of FDI inflows into euro area countries, we show that the euro facilitates intra-euro area vertical FDI …
Persistent link: https://www.econbiz.de/10011999066
This paper investigates the role of economic structures as determinants of FDI inflows. We expand on the existing … literature by focusing on advanced economies, using a newly available measure of FDI which cleans the data from statistical … structures to FDI inflows. These results are robust to various economic specifications and are confirmed when restricting our …
Persistent link: https://www.econbiz.de/10011647827
This study uses firm-level data on a large sample of European manufacturing firms to investigate the links between opening up foreign affiliates and firms' productivity. The analysis is guided by recent theoretical models of international trade with firm heterogeneity. The paper finds that while...
Persistent link: https://www.econbiz.de/10014216409
aggregate, this paper assesses the usefulness of the "modified" series for Irish nonconstruction investment and services imports …
Persistent link: https://www.econbiz.de/10014545213