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The Effects of the Structural Funds on the Romanian Economic Growth

Author

Listed:
  • Ionica Oncioiu

    (Titu Maiorescu University)

  • Diana Andreea Mândricel

    (Titu Maiorescu University)

  • Anca Gabriela Petrescu

    (Valahia University)

  • Florentina Raluca Bîlcan

    (Valahia University)

Abstract

The European funds are considered an attractive tool for supporting economic growth on short-term and at a macroeconomic level. The impact assessment of structural and cohesion funds on Romania's economic growth is sluggish because of the mismatches between official information at national and regional levels. The role of economic models in quantifying the impact of structural and cohesion funds at a macroeconomic level cannot be minimized. This paper aims to investigate the impact of European funds totally absorbed by Romania on the evolution of total GDP (Gross Domestic Product) in the period 2007-2015. Using linear regression in R (lm function), our goal is to explain the relationship between attracted European funds in total, as an independent variable, and the Gross Domestic Product which was considered a dependent variable. For data processing, the authors used the ANOVA software. However, the results shows that the impact of the absorption rate on short-term economic growth does not confirm the theoretical expectations.

Suggested Citation

  • Ionica Oncioiu & Diana Andreea Mândricel & Anca Gabriela Petrescu & Florentina Raluca Bîlcan, 2017. "The Effects of the Structural Funds on the Romanian Economic Growth," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 13(2), pages 91-101, April.
    • Handle: RePEc:dug:actaec:y:2017:i:2:p:91-101
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    File URL: http://journals.univ-danubius.ro/index.php/oeconomica/article/view/4061/3962
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    References listed on IDEAS

    as
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    3. Zaman, Gheorghe & Georgescu, George, 2009. "Structural Fund Absorption: A New Challenge For Romania?," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 6(1), pages 136-154, March.
    4. Dumitru BELDIMAN & George Sebastian PERPELEA & Mihai Octavian PERPELEA, 2016. "European Funds Fraud: The Impact on the Process of Absorption of Structural and Cohesion Funds in Romania," Management and Economics Review, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 1(1), pages 42-51, June.
    5. Bradley, John & Modesto, Leonor & Sosvilla-Rivero, Simon, 1995. "HERMIN : A macroeconometric modelling framework for the EU periphery," Economic Modelling, Elsevier, vol. 12(3), pages 221-247, July.
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