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We analyze the relationship between institutional quality and firm efficiency. Using rich data on firms in the European Union between 2005 and 2012, we show that high institutional quality lowers the share of persistently inefficiently used assets. The adverse effect of low institutional quality...
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. The two building blocks to understand Brexit are the economic history of the UK-EU relationship and the literature on the … the UK benefited from EU integration (trade, migration and FDI). Next it surveys the short-run effects of the vote and …
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-crisis level of liberalization. In the EU sample, however, we do not find sufficient evidence to support these observations. …
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