Alho, Kari E. O. (contributor); Kaitila, Ville (contributor) - 2004 - [Elektronische Ressource]
fears of adverse effects of a relocation of EU-15
manufacturing to the NMCs are not well founded.
KEY WORDS … respect to the rate of return. It is fixed at
0.05. This corresponds to what Alho (2004) found for Finnish manufacturing …
domestic manufacturing to the new member countries will lead to a loss in GDP, see Figure
11. At the same time, real wages …