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Estimating The Absorption Impact Of The European Funds On The Romanian Economy

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  • Ancu?a POPA

    () (Ministry of Economy, Trade and Business Environment Romania)

Abstract

Regarding European Union budget for the programming period 2014 - 2020, Romania could access the sum of 25.1 billions euros of structural and cohesion funds. Given these funding opportunities for the Romanian economy, the paper analyzes the impact of European structural and cohesion funds in the context of the European Union financial perspective 2014-2020 on the national economy. The indicators analyzed are the impact of the absorption of the European funds on GDP, employment, revenues from VAT and revenues from security contributions and personal income tax. The results show that there is no panacea, namely that according to the indicators the European funds investments should be proportionally allocated in the keys sectors in order to maximise the value.

Suggested Citation

  • Ancu?a POPA, 2012. "Estimating The Absorption Impact Of The European Funds On The Romanian Economy," Review of General Management, Spiru Haret University, Faculty of Management Brasov, vol. 16(2), pages 249-263, November.
  • Handle: RePEc:fmb:journl:v:16:y:2012:i:2:p:249-263
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    More about this item

    Keywords

    European structural and cohesion funds; macroeconomic impact; economic sectors;

    JEL classification:

    • F62 - International Economics - - Economic Impacts of Globalization - - - Macroeconomic Impacts
    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development

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