Zusammenfassung:
The envisaged EU enlargements will lead to a redirection of Structural and Cohesion Funds expenditures from current to new EU members. This redistribution of funds makes the accession countries even more attractive as a location of FDI. Using a logistic regressions approach, this paper shows that a hypothetical reallocation of Structural Funds as envisaged by Agenda 2000 leads to a redistribution of FDI by approximately 5-7 percentage points from the current EU members to the accession countries (2004 scenario) and by about 7-9 percentage points (2007 scenario), respectively.