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An Assessment of Post-COVID-19 EU Recovery Funds and the Distribution of Them among Member States

Author

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  • María-Dolores Guillamón

    (Department of Accounting and Finance, University of Murcia, 30100 Murcia, Spain)

  • Ana-María Ríos

    (Department of Political Science, Social Anthropology and Public Finance, University of Murcia, 30100 Murcia, Spain)

  • Bernardino Benito

    (Department of Accounting and Finance, University of Murcia, 30100 Murcia, Spain)

Abstract

The European Commission has launched numerous recovery plans for Member States to try to mitigate the damage caused by COVID-19. The most important element of this program is the Recovery and Resilience Facility (RRF), which is worth EUR 672.5 billion in loans and grants. Seventy per cent of the RRF grants will be distributed between 2021 and 2022, with the remaining 30 per cent in 2023. The allocation of grants for the period 2021–2022 has been made according to different socioeconomic criteria. In this context, the aim of our work is to assess the recovery policies jointly developed by EU countries and to analyze which of the criteria adopted for the allocation of the grants included in the RRF for the period 2021–2022 has been most decisive in the distribution of these funds. In addition, we also examine whether other health indicators directly related to the pandemic can also be related to the amount of funding that EU countries will receive in this period by carrying out regression analysis. Our results show that the countries that will receive more RRF grants are those with larger populations, Gross Domestic Product (GDP) per capita and higher unemployment rates. Furthermore, it is noted that health criteria, as well as those of a socioeconomic nature, may be relevant in the allocation of recovery funds. In this way, our results can be the start of a debate in the literature on whether the socioeconomic criteria adopted in the distribution of these funds have been appropriate. or whether other criteria, such as those of a health nature, should have been taken into account.

Suggested Citation

  • María-Dolores Guillamón & Ana-María Ríos & Bernardino Benito, 2021. "An Assessment of Post-COVID-19 EU Recovery Funds and the Distribution of Them among Member States," JRFM, MDPI, vol. 14(11), pages 1-11, November.
    • Handle: RePEc:gam:jjrfmx:v:14:y:2021:i:11:p:549-:d:678581
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    References listed on IDEAS

    as
    1. Karina Bedrunka & Łukasz Mach & Anna Kuczuk & Anna Bohdan, 2021. "Identification and Analysis of Structural Fund Support Mitigating the Effects of the COVID-19 Pandemic in the EU—A Case Study of Health Unit Funding," Energies, MDPI, vol. 14(16), pages 1-15, August.
    2. Krzysztof Goniewicz & Amir Khorram-Manesh & Attila J. Hertelendy & Mariusz Goniewicz & Katarzyna Naylor & Frederick M. Burkle, 2020. "Current Response and Management Decisions of the European Union to the COVID-19 Outbreak: A Review," Sustainability, MDPI, vol. 12(9), pages 1-12, May.
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