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Foreign Direct Investment and European Integration in the 1990s

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  • Peter Egger
  • Michael Pfaffermayr

Abstract

This paper examines the effects of EU integration in the 1990s on the FDI relations in Europe. We find that the completion of the Single Market, the 1995 enlargement and the so‐called Eastern enlargement are characterised by a substantial, positive anticipation effect in the period between the announcement and the formal establishment of each integration step. Neither the Single Market Programme nor the previous enlargement exhibited any further positive effects on intra‐EU FDI volumes after their establishment.

Suggested Citation

  • Peter Egger & Michael Pfaffermayr, 2004. "Foreign Direct Investment and European Integration in the 1990s," The World Economy, Wiley Blackwell, vol. 27(1), pages 99-110, January.
    • Handle: RePEc:bla:worlde:v:27:y:2004:i:1:p:99-110
    DOI: 10.1111/j.1467-9701.2004.00590.x
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