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Do European Funds Contribute to the Sustainable Development of Romania?

Author

Listed:
  • Gabriela-Diana Baraghin

    (Faculty of Economics and Business Administration, Babes-Bolyai University, Cluj-Napoca, Romania)

  • Ioana Beleiu

    (Faculty of Economics and Business Administration, Babes-Bolyai University, Cluj-Napoca, Romania)

Abstract

The social, economic well-being and the sustainability of the planet are European strategic goals that characterize a good standard of living, but often, a successful economy depletes natural resources far beyond limits. The European Union is achieving its objectives by providing European non-reimbursable funds to the member states, thus enabling the development of those states to reduce regional inequalities. The economic growth is an important factor in the economic development of a country, several factors being able to favour this growth, and which can be measured through the gross product per capita. This study focuses on the sustainable development of Romania by measuring two relevant indicators, gross product per capita and the Happy Planet Index in relation to the value of the funds absorbed per capita. This study also identifies the trend line of the correlation between the aforementioned indices and established the intensity through the Pearson correlation coefficient.

Suggested Citation

  • Gabriela-Diana Baraghin & Ioana Beleiu, 2022. "Do European Funds Contribute to the Sustainable Development of Romania?," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 12-21, September.
    • Handle: RePEc:ovi:oviste:v:xxii:y:2022:i:1:p:12-21
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    References listed on IDEAS

    as
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    3. Júlia A. Nagy & József Benedek & Kinga Ivan, 2018. "Measuring Sustainable Development Goals at a Local Level: A Case of a Metropolitan Area in Romania," Sustainability, MDPI, vol. 10(11), pages 1-15, October.
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    European funds; correlation report; gross domestic product per capita; Happy Planet Index; sustainable development;
    All these keywords.

    JEL classification:

    • C1 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General
    • C2 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables
    • C12 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Hypothesis Testing: General

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