Since the adoption of the Sustainable Development Goals by the United Nations, sustainability has been a key priority for European governments. While previous studies have investigated the associations between indicators of sustainable development, few have directly considered a multidimensional approach to assess and compare the performance of regions in terms of sustainable development. As such, a comprehensive assessment of regional sustainable performance is thus still needed. In this paper, the concept of sustainability relies on the construction of six composite indices (environment and natural resources, energy transition, sustainable mobility, economic dynamism, social cohesion and solidarity, and governance and citizenship) with the aim to provide an evaluation framework for empirically comparing the performance of the 96 metropolitan French Departments. Each dimension is explored by spatial autocorrelation analysis and Hierarchical Ascending Classification (HAC) to classify French Departments providing five different regional profiles of sustainable development. The findings make it possible to identify the strengths and weaknesses of the departments in the implementation of sustainable development. This approach provides the bases for a systematic monitoring of sustainable development policies at the regional scale.

Small and new firms are deemed to be unable to obtain sufficient bank loans. This idea finds a strong theoretical support in credit rationing theory. However, this is vigorously challenged by De Meza and Webb (1987, 2000) suggesting that firms can benefit from an excess of credit, i.e. overlending. Credit rationing or overlending? The contribution of this empirical article is twofold: to our knowledge, it is the first to make an attempt in measuring the relative importance of these two types of financing imperfection and to explore factors leading to one or the other. We exploit a rich panel data set on the access to bank credit for new French businesses during the mid-1990s. Our results show that credit rationing was not highly spread among French new firms. The story told by De Meza and Webb (1987) appears to be a much more realistic model. In addition, we identify factors, linked to the starter, the project or the industry, that are closely associated with credit rationing and/or overlending. Most factors enter into a consistent relation: when they are positively (negatively) associated with credit rationing, they are negatively (positively) associated with overlending.