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...

Although institutional reforms are necessary to increase rates of entrepreneurship in European countries, we argue that one-size-fits-all reform strategies are unlikely to be successful. Reform strategies must be informed by a better knowledge of the varieties of European capitalism and the...

Since the mid-1980s, Fritz W. Scharpf's work has been concerned with the evolution of the multilevel European polity and its impact on the effectiveness and legitimacy of democratic government in Europe. This volume begins with the oft-cited essay arguing that Europe's problem solving capacity...