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We propose a small open economy model where agents borrow internationally and invest in liquid foreign assets to insure against liquidity shocks, which temporarily shut out the economy of short-term credit markets. Due to the presence of a pecuniary externality individual agents borrow too much...
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This paper discusses the road accessibility for European cities and regions over the period 1955-2012. For this period a historical database of European roads networks has been constructed covering all EU27 countries. This database enables to evaluate to what extent EU infrastructure policy has...
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. Furthermore, some argue that concentration of ports might increase regional inequalities in Europe. For instance, the European … the robustness of the current distribution of port activities in Europe we investigate what the effect would be of changes … that major changes in the general port layout of Europe are not to be expected. …
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Since the Lisbon agenda in 2000, Europe stated the goal to become the most advanced knowledge economy in the world … to identify the "knowledge regions" in Europe and to examine their main territorial features. To this aim we first build …
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