In this paper, we empirically test the effects of the EU's "cohesion policy" on the performance of 273,500 European manufacturing firms after combining regional policy data at NUTS 2 level with firm-level data. In a framework of heterogeneous firms and different absorptive capacity of regions,...

The Biden administration has been arguably the greenest in US history, but the polls show that there's about a fifty-fifty chance that he will be followed by one of the least climate-friendly presidents. So this November, the choice at the ballot box will be a stark one for climate policies,...