TY  - RPRT
A1  - Fattorini, Loredana
A1  - Ghodsi, Mahdi
A1  - Rungi, Armando
PB  - IMT School for Advanced Studies Lucca
SN  - 2279-6894
M1  - imt_eic_working_paper
N2  - In this paper, we empirically test the effects of the EU ?cohesion policy? on the performance of
about 500,000 European manufacturing firms after combining regional policy data at NUTS-
2 level with firm-level data. In a framework of heterogeneous firms and different absorptive
capacity of regions, we show that financing of ?cohesion policy? by European Regional Development
Fund (ERDF) aimed at direct investments in R&D correlates with improvement of firms?
productivity in a region. Conversely, funding designed at overall Business Support correlates
with negative productivity growth rates. In both cases, we registered an asymmetric impact
along the firms? productivity distribution, where a stronger impact can be detected in the first
quartile, i.e. less efficient firms in a region. We finally argue that considering the heterogeneity
of firms allows a better assessment of the impact of ?cohesion policy? measures.
TI  - Cohesion Policy Meets Heterogeneous Firms
AV  - public
Y1  - 2018/02//
KW  - Keywords: firm performance
KW  -  total factor productivity
KW  -  cross-country analysis
KW  -  convergence
KW  - 
regional policy.  -  
JEL Classification Numbers: D22
KW  -  D24
KW  -  E23
KW  -  F15
KW  -  L25.
UR  - http://eprints.imtlucca.it/3893/
ID  - eprints3893
EP  - 32
ER  -