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The financing of economic growth in Romania by the atraction and usage of structural founds

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  • Stepan Oana Maria

    (University of Craiova Doctoral School of Socio-Human Sciences Faculty of Economics and Business Administration)

  • Lungu Mircea-Alexandru

    (The Bucharest University of Economic Studies Economic Informatics and Cybernetics Faculty of C.S.I.E/C.S.E.I)

Abstract

In this study, we proposed to present the macroeconomic context in which the structural funds are absorbed and used efficient from the perspective of monetary policy transmission channels and the influences generated by the way they reacted at the main monetary and economic variables to different shocks in Romania’s economy, between 2002 and 2013. The analysis is based on the impacts of using technological systems and data generalization in the macroeconomic and monetary framework. Thus, we included variables that capture the evolution of gross domestic product, inflation, interest rate, unemployment, monetary and wage index which are the determinants of the capacity to absorb the structural funds and also the outcome indicators for use of these funds. The interest rate channel has gained consistency in recent years, which facilitates enhancing the absorption of structural funds.

Suggested Citation

  • Stepan Oana Maria & Lungu Mircea-Alexandru, 2015. "The financing of economic growth in Romania by the atraction and usage of structural founds," Annals of University of Craiova - Economic Sciences Series, University of Craiova, Faculty of Economics and Business Administration, vol. 1(43), pages 289-298.
    • Handle: RePEc:aio:aucsse:v:1:y:2015:i:43:p:289-298
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    File URL: http://feaa.ucv.ro/AUCSSE/0043v1-030.pdf
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    References listed on IDEAS

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    1. Zsolt Darvas, 2013. "Monetary transmission in three central European economies: evidence from time-varying coefficient vector autoregressions," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 40(2), pages 363-390, May.
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    Keywords

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    JEL classification:

    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
    • E03 - Macroeconomics and Monetary Economics - - General - - - Behavioral Macroeconomics
    • E1 - Macroeconomics and Monetary Economics - - General Aggregative Models
    • E17 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Forecasting and Simulation: Models and Applications

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