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The internal market in Europe will greatly increase the international mobility of resources. How will this affect …
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This paper documents a set of stylized facts about recent trends in cross-border M&A (CBMA) activity around the world. The facts focus on key features of CBMA such as (i) the magnitude; (ii) how it varies across industries and locations; (iii) how it compares to levels of greenfield FDI over time;...
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Are country borders still an impediment to trade flows within Europe? Using a rich microlevel survey with 3 million … average border effect but still quite large. The implication is clear: Europe is far from having a single market …
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