This paper discusses the issue whether developing countries forego chances in world manufactured markets by protecting intermediate services against market entry of new suppliers. By scanning the empirical literature on effective rates of protection (ERP), the evidence is supportive. Yet, it...

This article analyses the impact of the single market programme (SMP) on the locational determinants of US foreign direct investment (FDI) in the manufacturing sector. The econometric model covers the period 1978-95, a key period in the development of the European single market. As the process...

This paper analyses some long-run macroeconomic effects of European financial integration. In particular we focus on the further reduction and abolition of crossborder barriers impeding the entry into the markets of banking and insurance products. We follow a theoretical as well as an empirical...