Review of World Economics 

About: Review of World Economics is an academic journal published by Springer Science+Business Media. The journal publishes majorly in the area(s): European integration & Trade barrier. It has an ISSN identifier of 1610-2878. Over the lifetime, 1586 publications have been published receiving 52715 citations. The journal is also known as: Weltwirtschaftliches Archiv (2003. Print) & Weltwirtschaftliches Archiv (2003. Internet).

Explaining the international direct investment position of countries: Towards a dynamic or developmental approach

Abstract: This chapter explores the proposition that a country’s international direct investment position, and changes in that position, may be usefully explained by the eclectic theory of international production. Using data on the direct investment flows (or changes in the direct capital stock) of some 67 countries, over the period 1967–78, it also suggests that there is a systematic relationship between the determinants of those flows and the stage and structure of a country’s economic development.

A theoretical evaluation of alternative trade intensity measures of revealed comparative advantage

Abstract: Eine theoretische Bewertung von alternativen Messungen der HandelsintensitAt offenbarter komparativer Vorteile. — In der Literatur gibt es zahlreiche Indizes fur offenbarte komparative Vorteile, die die tatsAchlichen komparativen Vorteile annAhernd wiedergeben sollen. In diesem Aufsatz wird der theoretische Unterbau dieser alternativen Indizes bewertet und dabei die Aufmerksamkeit auf die besonders relevanten IntensitAtsma\e gerichtet. Als Basis fur die Bewertung und Interpretation wird Kunimotos integrativer Ansatz verwendet. Zwischen den verschiedenen empirischen Ma\en und dem theoretischen Konzept der komparativen Vorteile werden Verbindungen hergestellt. Au\erdem werden die Beziehungen zwischen globalen und bilateralen Indizes der HandelsintensitAt angesprochen sowie angesichts der vieldimensionalen RealitAt Bedenken uber die Gultigkeit von LAnder- und Gutervergleichen vorgebracht. Une evaluation theorique des mesures alternatives d’intensite du commerce des avantages comparatifs releves. — Dans la litterature il y a des nombreux indexes des avantages comparatifs releves qui sont construits pour indiquer les avantages comparatifs de la realite. L’auteur evalue les fondements theoriques de ces indexes alternatifs et concentre l’attention sur les mesures d’intensite les plus interessantes. Il utilise le systeme integratif de Kunimoto comme une base pour l’evaluation et l’interpretation. Il etabli des liens entre les mesures differentes empiriques et le concept theorique des avantages comparatifs. L’auteur discute aussi des relations entre les indexes d’intensite du commerce global et bilateral et s’adresse a la question de la validite des comparaisons au niveau des biens et des pays divers dans un monde reel multidimensional. Una evaluacion teorica de indicadores alternativos de ventajas comparativas reveladas atraves de la intensidad del comercio. — En la literatura existen numerosos indices de las ventajas comparativas reveladas que persiguen el fin de aproximar las ventajas comparativas reaies. En este trabajo se evaluan los fundamentos teoricos de estos indices alternativos, particularmente de los indicadores de intensidad mâs interesantes. El marco integrador de Kunimoto es utilizado como base para la evaluacion e interpretacion. Se establecen lazos entre varios indicadores empiricos y el concepto teorico de ventaja comparativa. Tambien se analizan las relaciones entre los indices de intensidad de comercio global y bilateral y la validez de comparaciones a nivel de bien y de pais en el mundo real multidimensional.

Determinants of foreign direct investment: A survey

Abstract: Foreign direct investment (FDI) has registered an enormous growth over the past three decades. Whereas during the fifties and early sixties the United States and the United Kingdom were by far the biggest exporters of FDI, the entry of German and Japanese firms into this field has since then considerably increased the international competition for overseas investment opportunities. The growth of FDI has, however, been excelled by the growth of publications specially on the determinants of these investments. An attempt is made in this paper to survey this literature1. Attention is focused on the main currents of thought rather than on coverage of all the publications.2 This survey is selective also in the sense that the marxist and dependencia schools of thought are not covered here. There are two reasons for this. Firstly, the explanations offered by them for FDI are dominated by ideological argumentation and as such cannot be fruitfully compared with the explana -

Non-Europe: The magnitude and causes of market fragmentation in the EU

Abstract: Non-Europe: The Magnitude and Causes of Market Fragmentation in the EU. — In 1985 the European Commission diagnosed its member states as suffering from excessive market fragmentation, later referred to as “Non-Europe.” The authors examine the empirical basis for the Commission’s diagnosis using a trade model derived from monopolistic competition. They then investigate the links between the initial size and subsequent evolution of border effects within the EU. The findings support the view that European consumers act as if imports from other members were subject to high nontariff barriers. However, there appears to be almost no relationship between market fragmentation and the barriers that were identified and removed by Europe’s Single Market Programme.

Exports and Success in German Manufacturing

Abstract: Exports and Success in German Manufacturing. - While Germany has a very open, export-oriented manufacturing sector, there has been little research on the role of exporting in German firms’ performance. This paper documents the significant differences between exporters and non-exporters and attempts to identify the sources of these disparities. Exporters are much larger, more capital-intensive, and more productive than non-exporters. However, the bulk of the evidence suggests that these performance characteristics predate the entry into export markets. The authors find no positive effects on employment, wage or productivity growth after entry. The authors’ results provide evidence that success leads to exporting rather than the reverse.