The feedback of external debt on economic growth through gross domestic investment has provided quite interesting results throughout the world especially in developing countries where external and internal borrowing have been a tradition. Based on a system estimation approach, using Two Stage...

We analyse the general equilibrium effects of an asymmetric decrease in transport costs, combining a large scale spatial dynamic general equilibrium model for 267 European NUTS 2 regions with a detailed transport model at the level of individual road segments. As a case study we consider the...

At the present time, most large cities in the world are polycentric and, at the same time, they are undergoing a process of employment and population decentralization. Gordon and Richardson (1996) argued that polycentricity is just an intermediate stage between monocentricity and a more...