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Evolutions In Implementing Structural And Cohesion Funds In

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  • Felix Angel Popescu

    (Doctoral School in Economics, University of Oradea, Oradea, Romania,)

Abstract

For the purposes of the research for doctoral thesis, this article refers to the following 10 EU Member States, which cover the Central and Eastern Europe: Bulgaria, Czech Republic, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia, Slovenia.The selection was made taking in consideration the appropriate similarities and differences in living standards, population, development orientations and EU Structural and Cohesion Funds allocations. Looking forward, it can be stated that this countries had an estimated share of available European funding, ranging from almost a tenth to approximately a quarter of their annual Gross Domestic Product. A comparison of the absorption rates during the 2007-2014 period can be critical towards reconsidering some theories of potential cohesion impact and reflecting them in current Eurostat statistics. It may be useful to acknowledge that most of the problems in contracting and disbursement of European funding occurred in every of the 10 Member States, nevertheless it cannot be held an underestimation of absorption capacities between the top and the tail countries, whereas some of the related countries (i.e. the 2004 EU accession countries) had more time and some experience in adjusting wrong or insufficient focus on absorption capacity. It is a well known fact that contracting of European Structural and Cohesion Funds started only in 2008 and reached a reasonable level in 2009, while payments tended to lag by a further year. By the end of 2014 most of the 10 Member States had the performance of reaching or overtaking the full contracting ratio, but payment ratios were situated much lower.The absorption process lies in the responsibility of each Member State. According to Hapenciuc et al (2013), the European Comission grants funds, proportional to each state’s GDP, but the institutional system, the procedures, the capacity of the beneficiaries to contract the necessary co-financing are all elements in which national authorities have a decisive role.

Suggested Citation

  • Felix Angel Popescu, 2015. "Evolutions In Implementing Structural And Cohesion Funds In," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(2), pages 742-748, December.
    • Handle: RePEc:ora:journl:v:1:y:2015:i:2:p:742-748
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    References listed on IDEAS

    as
    1. Benedicta Marzinotto, 2012. "The growth effects of EU cohesion policy- a meta-analysis," Working Papers 754, Bruegel.
    2. Janos Varga & Jan in 't Veld, 2009. "A model-based assessment of the macroeconomic impact of EU structural funds on the new Member States," European Economy - Economic Papers 2008 - 2015 371, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    3. Claudiu-Tiberiu ALBULESCU & Daniel GOYEAU, 2013. "EU Funds Absorption Rate and the Economic Growth," Timisoara Journal of Economics and Business, West University of Timisoara, Romania, Faculty of Economics and Business Administration, vol. 6(20), pages 153-170.
    4. Mariana Tomova & Andras Rezessy & Artur Lenkowski & Emmanuelle Maincent, 2013. "EU governance and EU funds - testing the effectiveness of EU funds in a sound macroeconomic framework," European Economy - Economic Papers 2008 - 2015 510, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
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    More about this item

    Keywords

    Structural; Cohesion; funds; contracting; payment; certification;
    All these keywords.

    JEL classification:

    • F63 - International Economics - - Economic Impacts of Globalization - - - Economic Development
    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe
    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries

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