This paper explores the impact of EU membership on foreign direct investment (FDI). It analyses empirically how the effects of such deep integration differ from other forms and investigates what drives these effects. Using a structural gravity framework on annual bilateral FDI data for almost...

As a result of the slight success achieved by many developing countries in their attempts to become integrated in the international division of labour and the growing fear of unilateral dependence upon the industrial nations, increased attention has been given in recent years to economic and...