Structural Fund Absorption: A New Challenge For Romania?
AbstractMany European countries, especially during the early post-accession years, have faced difficulties in absorbing the structural funds from the EU budget, the most cited reasons being generated by the lack of a coherent long-term vision of the authorities, insufficient resources to co-finance projects, low dministrative capacity at central and local levels, lack of inter-institutional coordination, failures of public-private partnerships, insufficiently skilled human resources, causes which can undoubtedly be noticed also in the case of Romania. By a strategic approach starting from the HEROM econometric model (the Romanian version of the HERMIN model) the study tries to assess the macroeconomic effects of structural funds on foreign trade in cases of different absorption rates, finding that these funds have a stronger impact on export growth as compared to that of imports. The EU structural funds absorption represents an opportunity to sustain economic growth and to reduce the development gap which, under the circumstances of global recession, is becoming a new challenge for Romania.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Institute for Economic Forecasting in its journal Romanian Journal for Economic Forecasting.
Volume (Year): 6 (2009)
Issue (Month): 1 (March)
Contact details of provider:
Postal: Casa Academiei, Calea 13, Septembrie nr.13, sector 5, Bucureşti 761172
Phone: 004 021 3188148
Fax: 004 021 3188148
Web page: http://www.ipe.ro/
More information through EDIRC
European integration; economic and social cohesion policy; structural funds; absorption capacity; economic development; econometric models;
Find related papers by JEL classification:
- C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods
- F15 - International Economics - - Trade - - - Economic Integration
- F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
- F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
- O19 - Economic Development, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Andrej Horvat & Gunther Maier, 2004. "Regional development, Absorption problems and the EU Structural Funds," ERSA conference papers ersa04p591, European Regional Science Association.
- Black,Stanley W., 2008.
"Europe's Economy Looks East,"
Cambridge University Press, number 9780521088237.
- Andrej Horvat, 2005. "Financial Absorption Rates in EU Objective 1 1994-99 and Some Lessons for the New Member States in 2004-2006," WIFO Working Papers 259, WIFO.
- Claudiu George Bocean, 2012. "Absorption Capacity Of Eu Funds In Romania," Revista Tinerilor Economisti (The Young Economists Journal), University of Craiova, Faculty of Economics and Business Administration, vol. 1(18), pages 123-130, April.
- Daniela ANTONESCU, 2012. "Identifying Regional Economic Disparities and Convergence in Romania," Journal of Knowledge Management, Economics and Information Technology, ScientificPapers.org, vol. 2(2), pages 8, April.
- Gheorghe Zaman & George Georgescu, 2010. "Romania’s External Debt Sustainability Under Crisis Circumstances," Romanian Journal of Economics, Institute of National Economy, vol. 30(1(39)), pages 5-38, June.
- Zaman, Gheorghe & Georgescu, George, 2011. "Sovereign risk and debt sustainability: warning levels for Romania," MPRA Paper 32924, University Library of Munich, Germany.
- Daniela Antonescu, 2010. "The Analysis of Regional Disparities in Romania with Gini/Struck Coefficients of Concentration," Romanian Journal of Economics, Institute of National Economy, vol. 31(2(40)), pages 160-182, December.
- OTIMAN, Paun Ion & TODEROIU, Filon & FLORIAN, Violeta & ALEXANDRI, Cecilia & GAVRILESCU, Camelia & IONEL, Iuliana & GRODEA, Mariana & ALBOIU, Cornelia & MOLDOVAN, Minodora & GOSA, Vasile & NAGY, Andre, 2010.
"Agriculture and rural development in Romania. The main modalities to attenuate the crisis effects and to resume economic growth,"
Working Papers of the Institute of Agricultural Economics
101101, Institute of Agricultural Economics.
- Otiman, Paun Ion & Toderoiu, Filon & Florian, Violeta & Alexandri, Cecilia & Gavrilescu, Camelia & Ionel, Iuliana & Grodea, Mariana & Alboiu, Cornelia & Moldovan, Minodora & Gosa, Vasile & Nagy, Andre, 2010. "Agriculture And Rural Development In Romania – The Main Modalities To Attenuate The Crisis Effects And To Resume Economic Growth," Agricultural Economics and Rural Development, Institute of Agricultural Economics, vol. 7(2), pages 163-211.
- repec:rom:campco:v:7:y:2011:i:1:p:205-217 is not listed on IDEAS
- Toderoiu, Filon, 2011. "Macroeconomic Variables Influencing the European Convergence of the Romanian Agri-Food Sector," Agricultural Economics and Rural Development, Institute of Agricultural Economics, vol. 8(1), pages 13-43.
- GHEORGHE ZAMAN & Anca CRISTEA, 2011. "EU Structural Funds Absorption in Romania: Obstacles and Issues," Romanian Journal of Economics, Institute of National Economy, vol. 32(1(41)), pages 60-77, June.
- Meral KAGITCI & email@example.com & Ecaterina Mariana SUCIU & firstname.lastname@example.org, 2011. "Cost-Benefit Analysis – A Helpful Instrument For The Absorption Valuation Of Structural And Cohesion Funds In Romania," Proceedings of the International Conference Investments and Economic Recovery, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 10(1), pages 311-322, December.
- Toderoiu, Filon, 2009. "Real Economic Convergence – European and National Dimension," Agricultural Economics and Rural Development, Institute of Agricultural Economics, vol. 6(2), pages 159-180.
- Iulian PANAIT & Liviu UZLAU, 2013. "Study Of The Financial Performance For Romanian Listed Companies Beneficiary Of Non-Repayable European Funds," Internal Auditing and Risk Management, Athenaeum University of Bucharest, vol. 2(30), pages 285-295, June.
- Corina CACE & Sorin CACE & Victor NICOLAESCU, 2010. "Management of the Structural Funds within the Context of the Global Economic Crisis," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 11(1), pages 87-101, March.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Corina Saman).
If references are entirely missing, you can add them using this form.