IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

EU funds in EU new member states: Available resources and possible economic impact

Listed author(s):
  • Robert Sierhej


    (Regional Office for Central Europe and the Baltics, International Monetary Fund, Warsaw, Poland)

Registered author(s):

    EU funds have been an important component of economic landscapes in the new member states (NMS) after their EU accession in 2004. A review of funds allocated to NMS under the 2007–2013 financial perspective shows a substantial growth in nominal terms. The increase relative to the GDP of the beneficiary countries is much more modest. This implies that the economic impact could be less spectacular than expected. From this viewpoint, it is crucial to ensure high absorption and efficient allocation of Structural Funds which are gaining importance in total transfers. Different frameworks established by NMS to manage EU funds show that there is no one-fits-all model. Experiences with absorption of Structural Funds in NMS have been mixed, with no conclusive evidence for superiority of any particular approach. NMS tend to streamline their initial frameworks to improve absorption, a reasonable approach to help utilise the increasing 2007–2013 allocations. At the end of the day, the goal of EU transfers is increasing growth potential. This dimension could be captured by economic models. While they are useful analytical tools, the results could differ a lot and should be taken with a grain of salt given the problems of model specification and calibration for NMS. Finally, the experience of old member states shows that high inflows of EU funds could not substitute, but only complement, good economic policies.

    If 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.

    File URL:
    Download Restriction: subscription

    As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

    Article provided by Akadémiai Kiadó, Hungary in its journal Society and Economy.

    Volume (Year): 30 (2008)
    Issue (Month): 2 (December)
    Pages: 181-193

    in new window

    Handle: RePEc:aka:soceco:v:30:y:2008:i:2:p:181-193
    Note: This paper follows presentation at the conference “New methods and results in measuring the efficiency of EU funds” in Budapest, 17 October 2008. Views expressed in the paper are exclusively those of the author and should not be attributed to the institution he is working for (International Monetary Fund, Regional Representative Office in Warsaw).
    Contact details of provider: Web page:

    Order Information: Postal: Akadémiai Kiadó Zrt., Prielle K. u. 21-35. Budapest, 1117, Hungary
    Web: Email:

    No references listed on IDEAS
    You can help add them by filling out this form.

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:aka:soceco:v:30:y:2008:i:2:p:181-193. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Vajda, Lőrinc)

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.