Die angestrebte Aufnahme osteuropäischer Staaten in die EU ist insgesamt die fünfte Erweiterung des europäischen Binnenmarkts, stellt aber nach Ansicht der Autoren trotz der bisherigen Erfahrungen die schwerste Aufgabe der EU dar.Die Entscheidungsvariablen, die eine Aufnahme osteuropäischer...

Does official aid pave the road for private foreign investment or does it suffocate private initiative by diverting resources towards unproductive activities? In this paper we explore this question using data for a large number of developing and emerging economies. Controlling for countries'...

It is often argued that countries with a high population share of children and young workers should attract large capital inflows from aging industrialized economies. However, many of these countries deter foreign investors by a high risk of creeping or outright expropriation. In this paper we...

We explore the effect of foreign direct investment on economic growth in developing countries, distinguishing between mergers and acquisitions ("M&As") and "greenfield" investment. A simple model captures the key difference between the two types of FDI: unlike greenfield investment, M&As partly...