Estimating The Absorption Impact Of The European Funds On The Romanian Economy
AbstractRegarding European Union budget for the programming period 2014 - 2020, Romania could access the sum of 25.1 billions euros of structural and cohesion funds. Given these funding opportunities for the Romanian economy, the paper analyzes the impact of European structural and cohesion funds in the context of the European Union financial perspective 2014-2020 on the national economy. The indicators analyzed are the impact of the absorption of the European funds on GDP, employment, revenues from VAT and revenues from security contributions and personal income tax. The results show that there is no panacea, namely that according to the indicators the European funds investments should be proportionally allocated in the keys sectors in order to maximise the value.
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Bibliographic InfoArticle provided by Spiru Haret University, Faculty of Management Brasov in its journal Review of General Management.
Volume (Year): 16 (2012)
Issue (Month): 2 (November)
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Web page: http://www.spiruharet.ro/facultati/facultate.php?id=7
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European structural and cohesion funds; macroeconomic impact; economic sectors;
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