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This paper employs data for a panel of firms from France, Italy and the UK to study the effect of the recession of the early '90s on inventory investment, controlling for cyclical fluctuations at the firm level. The results clearly show some common patterns across countries, pointing to the...
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Land is an essential but limited natural resource. We employ the concept of stocks to analyse driving forces for land …. In this paper major driving forces for land-use conversion are identified and underlying stocks and persistent …. We further argue that due to persistent stocks and institutional structures land-use conversion from agricultural into …
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