This study evaluates the potential economic impacts of Research & Development (R&D) investments in Romania during the 2021-2027 policy cycle. The assessment is based on three distinct R&D investments scenarios: (1) 2% Gross domestic Expenditure on R&D (GERD) intensity target achieved by 2029,...

The worldwide trend to decentralize the responsibilities and budgets of governments impacts local firm dynamics in various ways. We use the example of Spain to test empirically whether the decentralization of governance has been conducive to increased diversification and a more even city-size...