Suchergebnisse

The massive increase in foreign direct investment (FDI) inflows following the Spanish integration with the now European Union (EU) in 1986, has been one of the most important features shaping the behaviour of the Spanish economy in the last twenty years. In this paper we will try to assess the impact of FDI on regional economic growth following Spain's entry into the EU, using data for the 17 Spanish regions. The results support the important role played by FDI in promoting productivity growth over the period analyzed, which proves to be robust to several alternative specifications.

The main objective of this article is to question the hypothesis of the role of transport infrastructures in regional economic growth by comparing Central Eastern Europe (supported by the EU structural and cohesion funds) and the Greater Mekong Subregion (mainly supported by the "economic corridors" of the ADB). Three main components of trade efficiency are scrutinized and compared: (1) the historical development of trade agreements, (2) the supra-national (regional) capacity of trade regulation, and (3) the micro level of governance between the different actors involved in trade. The comparison between CEE and the GMS is all the more warranted because of two paradoxes that need to be explained: The first one results from the existing link between transport and growth in the case of the GMS, and the lack of a link in the case of CEE. The second paradox insists on the fact that despite their very different institutional frameworks, both subregions continue to face similar challenges concerning the implementation of trade agreements and the exchange of facilities at the local level - pointing towards the issue of governance. (JCSA/GIGA)