Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/29461 
Year of Publication: 
1998
Series/Report no.: 
ZEW Discussion Papers No. 98-29
Publisher: 
Zentrum für Europäische Wirtschaftsforschung (ZEW), Mannheim
Abstract: 
This paper analyses the degree to which firms expect to be able to enter new markets, to develop new products and to contend with new foreign competition after the introduction of the Euro. Panel data taken from a quarterly business survey in the service sector are used for the empirical analysis. East German firms do not differ from their West German competitors in their expectations that the Euro will increase export activity and product innovation, but significantly more East German firms expect new foreign competitors to enter the home market. The impact of the Euro on firms' expectations of entering new markets and developing new products is stronger for firms which already export than for those who do not. Further, the degree of preparation for the Euro plays a significant role in firms' market expectations.
Subjects: 
European Monetary Union
Euro
business-related services
binary probit model
export
foreign competition
JEL: 
C21
F14
F15
Document Type: 
Working Paper
Document Version: 
Digitized Version

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