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1 For a rather different view see Lemoine, 1997.
2 However, we should keep in mind that for the host country supply-based investment would help to improve in
particular the balance of trade.
3 Yet it must be mentioned that only 34 Austrian enterprises have been contacted.
4 Export activities are by definition the share of total sales which is destined for exports.
5 In 1994 only Portugal showed a lower outward FDI-stock-GDP ratio than Austria.
6 Austria became a member of the EU on 1 January 1995.
7 Weighted by their nominal capital the share of OECD-countries within the group ‘Others’ is 98%. Hence for the
time being this group will be labeled as OECD group.
8 Hence Poland is not displayed separately in any figure or table.
1 This questionnaire was conducted by a research group at the University of Economics and Business Administration,
Vienna. The project team included Elisabeth Beer, Christian Bellak, Markus Konig, Renate Tolunay, Richard
Winklhofer and myself. I would like to thank all of them for their help and cooperation throughout the research
project.
1 Furthermore it was asked about 'market saturation at home' and about a ‘follow my competitor’ strategy. Both
motives can neither be attributed to the first nor to the second category. Therefore these motives will not be
discussed here.
2 We did not get enough responses from finance and insurance. However, this sector is certainly dependent on the
local market to a very large extent.
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