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Odyssey of the European Funds Absorption Process in the Case of the Romanian Economy

Author

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  • Cosmin Stoica

    () (Dimitrie Cantemir Christian University)

Abstract

The current context of the extended economic crisis and that of Romania’s quality as member of the European Union shows that the post-adherence funds can be used in order to save, ameliorate and solve a high range of development problems, the aim being that of achieving the development level of the developed member states. The political, economical and colloquial language uses in a repetitive manner the concept of structural funds. There are many political discourses that say that Romania’s priority is to absorb as many European funds as possible, without stating the meaning and the importance of an efficient absorption. Businessmen think that, for many people, the European funds are some kind of a mirage – that means easily accessible money. Generally, people know that European money come or don’t come, they get lost or they are spent in order to solve the problems generated by the economical crisis. However, the reality is quite different.

Suggested Citation

  • Cosmin Stoica, 2012. "Odyssey of the European Funds Absorption Process in the Case of the Romanian Economy," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 2(Special 1), pages 84-88, May.
  • Handle: RePEc:hur:ijaraf:v:2:y:2012:i:1special:p:84-88
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    Cited by:

    1. repec:rsr:supplm:v:65:y:2017:i:5:p:41-50 is not listed on IDEAS
    2. Madalina Anghel & Diana Dumitrescu & Daniel Dumitrescu, 2016. "Contribution of member states to European financing," Romanian Statistical Review Supplement, Romanian Statistical Review, vol. 64(9), pages 57-63, September.

    More about this item

    Keywords

    European funds; European funds absorption; economic efficiency; economic welfare;

    JEL classification:

    • P36 - Economic Systems - - Socialist Institutions and Their Transitions - - - Consumer Economics; Health; Education and Training; Welfare, Income, Wealth, and Poverty
    • P46 - Economic Systems - - Other Economic Systems - - - Consumer Economics; Health; Education and Training; Welfare, Income, Wealth, and Poverty
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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