This paper leverages the novel methodology by Whited and Zhao (2021) to identify financial distortions and applies it to a sample of 24 European countries. The analyses reveal that less developed economies face more severe financial misallocation. Distortions in the allocation of financial...

A potential solution to improve electricity access is to provide rural communities with a stable and resilient electric power supply from reliable and sustainable energy sources. Considering resilience in rural electrification planning can bring about longer techno-economic viability of rural...

The world is adopting the Industry 5.0 paradigm to increase human centricity, sustainability, and resilience in efficient, optimized, and profitable manufacturing systems. With benefits, however, come increased risks of economic and physical loss, driving the need for continuous improvement of...