This paper measures the output and TFP costs of sovereign risk incorporating its impact on firm-level intangible investment. Combining Italian aggregate and firm-level data, we show that firms reduced their investment and reallocated resources away from intangible assets and towards tangible...

The impacts of sea level rise (SLR) are already being felt in many populous and low-lying coastal areas worldwide, making it one of the most pressing threats posed by climate change. While public concerns and perceptions regarding SLR have been widely studied, there remains limited research...