Austria is not among the top global investors, but it is an important regional player in Central and Southeast Europe. Will it keep that position, or will the regional player develop into a global player? This is the question for the future. Based on OeNB data we have found no indication for...

The debate on trade and growth increasingly focuses on the composition of exports. Exports of more "sophisticated" products appear to be positively correlated with growth, and upgrading the quality of exports is high on the policy agenda of many countries. This study presents evidence suggesting...

While the increased frequency of relocation of productive capacities to lower wage countries from developed economies has given rise to discussions concerning job losses and de-industrialisation, developments in the host countries of relocation have been widely neglected. Hungary, together with...

While the increased frequency of relocation of productive capacities to lower wage countries from developed economies has given rise to discussions concerning job losses and de-industrialisation, developments in the host countries of relocation have been widely neglected. Hungary, together with...

The literature has documented a positive effect of foreign ownership on firm performance. But is this effect due to a one-time knowledge transfer or does it rely on continuous injections of knowledge? To shed light on this question we focus on divestments, that is, foreign affiliates that are...

The literature has documented a positive effect of foreign ownership on firm performance. But is this effect due to a one-time knowledge transfer or does it rely on continuous injections of knowledge? To shed light on this question we focus on divestments, that is, foreign affiliates that are...

The FDI inflow to Central, East and Southeast Europe reached a new high in 2006, EUR 77 billion, 30% more than in the previous year. But the FDI inflow and its growth were unevenly distributed. The inflow was stagnating in the NMS-5 but increasing in Southeast Europe and the European CIS. This...

FDI inflows reached a new high in 2007 in the CEEC region as a whole. Within the region, the shift of new investments to the East continued: a decline or at best stagnation was recorded in the NMS, modest growth in Southeast Europe, and a boom in the CIS. For the first time, the four European...

The first part of the publication contains an analysis of the latest FDI trends complemented by detailed methodological explanations. After years of continuous growth, FDI inflows to the CEECs stagnated in 2008. Their decline in the NMS and in the SEE countries was compensated by a virtual boom...