The paper shows how - using as an example the trade flows between eleven European countries and 31 OECD 'reporting' countries - the result of a gravity model, in terms of potential trade, changes substantially when country heterogeneity and dynamics are taken into account. Comparing the...

The object of this paper is to estimate the effect of European Union eastwards enlargement process on trade patterns in the Union. In particular, we intend to investigate whether and how the EU Free Trade agreements with CEECs have exerted a different impact on centre-periphery and...

This paper aims at verifying the impact of fiscal variables in the multinational firms' localisation choices within the European Union Member States. In particular, the sensitivity of bilateral foreign direct investments towards EU member countries to the receiving country's fiscal...

In an increasingly integrated world with declining trade barriers, environmental regulations can have a decisive role in shaping countries' comparative advantages. The conventional wisdom about environmental protection is that it comes at an additional cost on firms imposed by the government,...