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Title:Capital and Trade Flows in Europe and the Impact of Enlargement PDF Logo
Authors:Piazolo, Daniel
Buch, Claudia M.
Issue Date:2000
Series/Report no.:Kieler Arbeitspapiere 1001
Abstract:The Eastern enlargement of the European Union (EU) is likely to give a further boost to trade and capital flows, yet empirical evidence on the possible magnitudes is still scarce. This paper uses four different datasets to estimate the determinants of international asset holdings and trade flows. We find in most regressions that EU membership has a significant effect. Based on additional simulations of the expected flows to ten transition economies, we conclude that for the EU candidates actual values are still far below expected ones in most cases. Consequently, we anticipate rising capital and trade flows with the approach of EU accession, in particular for the seven EU candidates besides the Czech Republic, Hungary and Poland.
Subjects:EU Enlargement
International Asset Holdings
Trade
Gravity Model
Simulations
JEL:F15
F17
F36
F21
Document Type:Working Paper
Appears in Collections:Publikationen von Forscherinnen und Forschern des IfW
Kieler Arbeitspapiere, IfW

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