Innovation is key for economic growth and well-being. The capacity for innovation, however, is profoundly influenced by the quality of local institutions. Although the impact of national institutions on innovation is well-documented, the effects of subnational institutional variations on...

Cohesion Policy (CP) has been a central economic policy tool of the EU for several decades. In the current context of fundamental challenges facing the EU, and ahead of the next seven-year budgetary cycle, Europe has the opportunity to rethink and reform the EU budget and CP in particular. This...

The weaknesses of the Common European Asylum System have led to conflicts of interest between the EU's external border states and the main destination countries, such as Germany. After years of negotiations, the reform of the European asylum policy was formally adopted by the European Parliament...

Taking the case of high-pressure political reforms including the ongoing anti-corruption campaign in China, we investigate the impact of such reforms on the performance of Chinese state-owned enterprises (SOEs) relative to non-SOEs from the agency problem perspective. We report that before the...

Fossil fuel subsidies are universally regarded as bad policy, yet they are depressingly common. Evidently, domestic politics drives this outcome. Drawing on recent literature, this very short paper summarizes lessons for reformers in a way, it is hoped, that they find useful