The paper examines the question of the emergence of multinational firms from Eastern Europe in Austria on different levels of aggregation: The first part uses aggregated data on inward foreign direct investment (FDI) in Austria from Central- and East European Countries (CEECs).(...)

Austrian foreign direct investment (FDI) increased quickly since 1992. The profitability of these investments did improve over the full period under consideration (1992 to 2005). In particular investments in Central and Eastern Europe became rather profitable. In 2005 total annual profits...