?url_ver=Z39.88-2004&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Adc&rft.relation=http%3A%2F%2Feprints.imtlucca.it%2F3893%2F&rft.title=Cohesion+Policy+Meets+Heterogeneous+Firms&rft.creator=Fattorini%2C+Loredana&rft.creator=Ghodsi%2C+Mahdi&rft.creator=Rungi%2C+Armando&rft.subject=HB+Economic+Theory&rft.subject=HD+Industries.+Land+use.+Labor&rft.description=In+this+paper%2C+we+empirically+test+the+effects+of+the+EU+%E2%80%98cohesion+policy%E2%80%99+on+the+performance+of%0D%0Aabout+500%2C000+European+manufacturing+firms+after+combining+regional+policy+data+at+NUTS-%0D%0A2+level+with+firm-level+data.+In+a+framework+of+heterogeneous+firms+and+different+absorptive%0D%0Acapacity+of+regions%2C+we+show+that+financing+of+%E2%80%98cohesion+policy%E2%80%99+by+European+Regional+Development%0D%0AFund+(ERDF)+aimed+at+direct+investments+in+R%26D+correlates+with+improvement+of+firms%E2%80%99%0D%0Aproductivity+in+a+region.+Conversely%2C+funding+designed+at+overall+Business+Support+correlates%0D%0Awith+negative+productivity+growth+rates.+In+both+cases%2C+we+registered+an+asymmetric+impact%0D%0Aalong+the+firms%E2%80%99+productivity+distribution%2C+where+a+stronger+impact+can+be+detected+in+the+first%0D%0Aquartile%2C+i.e.+less+efficient+firms+in+a+region.+We+finally+argue+that+considering+the+heterogeneity%0D%0Aof+firms+allows+a+better+assessment+of+the+impact+of+%E2%80%98cohesion+policy%E2%80%99+measures.&rft.publisher=IMT+School+for+Advanced+Studies+Lucca&rft.date=2018-02&rft.type=Working+Paper&rft.type=NonPeerReviewed&rft.format=application%2Fpdf&rft.language=en&rft.rights=cc_by_nd&rft.identifier=http%3A%2F%2Feprints.imtlucca.it%2F3893%2F1%2FEIC_WP_2_2018.pdf&rft.identifier=++Fattorini%2C+Loredana+and+Ghodsi%2C+Mahdi+and+Rungi%2C+Armando++Cohesion+Policy+Meets+Heterogeneous+Firms.++EIC+working+paper+series++%232%2F2018++++IMT+School+for+Advanced+Studies+Lucca++++ISSN+2279-6894.++++++