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We estimate an augmented gravity model to analyse the effects of FDI into China originating in OECD countries on FDI … analysed period, FDI inflows into China have been complementary to FDI inflows into EU15 countries but they have substituted … Baltic countries have been affected negatively by the surge in the FDI into China. This FDI diversion appears in the case of …
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multinationals in China by home country and industry. In China, multinationals recently began investing in R&D, mainly in the areas …
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Eastern Enlargement of the European Union challenged the design of European Welfare states. Many authors discuss the impact of East European social security systems on their West European counterparts and fear a “race to the bottom”. This paper addresses welfare state developments in the...
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This paper intends to fill two gaps in the Optimal Currency Area literature. First of all, Mundell's original idea has very little formalmodel theoretical underpinning. Second, it almost exclusively views countries contemplating monetary unification as single economies. We question this view and...
Persistent link: https://www.econbiz.de/10010322271
Following entrance into the European Union, Central Eastern European Countries (CEECs) are expected to join the European Monetary Union (EMU). These countries may incur considerable costs over the course of their passing through the required Exchange Rate Mechanism II (ERM-II). However, with...
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