Using firm-level balance-sheet data comparable across EU countries, we consider firms active in generation, distribution and transmission of electricity and their ownership structure to empirically investigate the interaction of public versus private ownership and the quality of institutions as...

Using firm-level balance-sheet data comparable across EU countries, we consider firms active in generation, distribution and transmission of electricity and their ownership structure to empirically investigate the interaction of public versus private ownership and the quality of institutions as...

We study the effects of trade integration on the regional coevolution of income, migrations and unemployment in a dynamic core-periphery model with limited labor mobility and frictions in the job matching process. Our model can help explain a recently documented empirical puzzle, i.e., the...

For more than a decade Europe has been lagging behind the US in growth of aggregate GDP, per capita GDP, productivity, employment, as well as in demographic selection of new firms and in the design of market-friendly regulations. While an increasing trade agglomeration around large "regional"...