We model the relationship between foreign direct investment (FDI) and the level of corruption in multinational firms' (MCNs') home and host countries. There are two effects of corruption. The first is that host-country corruption reduces FDI by increasing foreign firms' costs. The second effect,...

Gegenstand der Untersuchung sind die mit dem Außenhandel befaßten Institutionen in Zentralverwaltungswirtschaften sowie die Außenhandelspolitik der UdSSR und des Staates Osteuropas. In der mikroökonomischen Betrachtung wird deutlich, daß das Handelssystem beträchtlilche Möglichkeiten zu...

This paper examines the interplay between exchange rate regimes and commercial policy in six transition economies. In all these economies, the rate of protection afforded domestic industry by the exchange rate has been eroded by high rates of inflation and insufficient growth in productivity. As...