The Maastricht Treaty (1992) has meant an important step forwards in the process of European integration. Not only goods and financial markets, but als labour markets are freed from national barriers. Will this lead to significant increases in migration flows? The differences in wage and...

In this paper, we estimate fundamental bilateral real exchange rates for a group of eight accession countries using a panel-cointegration approach for the period 1993-2003. We document a significant positive link between productivity levels and the corresponding real exchange rate levels. Future...

Emotions are largely absent in economic models. However, many theories still cease to explain the actual situations. We combine regular microeconomic theory with emotions. We will focus on an FDI decision of a firm, including both business-economics and emotional variables in the firms...

Abstract not available

Trade and transport corridors—major routes that facilitate the movement of people and goods between regions and between countries—have existed for millennia. They enable regions and countries to offer high-capacity transport systems and services that reduce trade and transport costs by...