This paper develops an empirical model of the relationship between road traffic accidents and traffic flows. The analysis focuses on the accident externality which is mainly determined by the difference between the marginal and average risks. The model is estimated using a new dataset which...

A bi-directional relationship between FDI and economic reforms in ten Central European countries is tested, along with the role of the EU in breaking a potential vicious circle of insecurity, little investment, slow reforms, low prospects of EU membership and hence high insecurity. Using panel...

Immigration has once again become an important and contentious issue in the European Union. This paper, therefore, contributes to the debate by analysing different dimensions of the problem in the context of EU enlargement, using a consistent model of migration. This recognises that, within...