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Erscheinungsjahr: 
2001
Schriftenreihe/Nr.: 
WIFO Working Papers No. 150
Verlag: 
Austrian Institute of Economic Research (WIFO), Vienna
Zusammenfassung: 
This paper analyses the effects of Agenda 2000's policy reform on the stocks of outward FDI to the European Union member countries. In a three-factors proximity-concentration New Trade Theory model we indentify the channels of influence on the FDI decision. In the empirical part, we estimate a dynamic panel data model and find that structural expenditures exert a significant positive impact on real stocks of outward FDI to EU countries. We simulate the Agenda 2000 program and obtain short-term and long-term effects of the EU country-specific changes in structural budgets on FDI to these countries.
Schlagwörter: 
FDI
Gravity equation
European integration
Panel econometrics
JEL: 
C33
F14
F15
Dokumentart: 
Working Paper

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