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European Funds And Regional Gdp Dynamics In Romania. Case Study: North-West Region And Bihor County

Author

Listed:
  • Marius-Florin MOȘ

    (University of Oradea, Doctoral School of Economic Sciences, Faculty of Economic Sciences, The Finance - Accounting Department, Oradea, Romania)

  • Oana-Laura NICULA

    (University of Oradea, Doctoral School of Economic Sciences, Faculty of Economic Sciences, The Finance - Accounting Department, Oradea, Romania)

  • Petru-Șandru ALBOI

    (University of Oradea, Doctoral School of Economic Sciences, Faculty of Economic Sciences, The Finance - Accounting Department, Oradea, Romania)

Abstract

This paper analyzes the relationship between the absorption of European funds, regional GDP dynamics, and the processes of local and regional development in Romania, with a focus on the North-West Region and Bihor County. Based on data provided by the National Institute of Statistics for the period 2000–2022, the study explores how investments made through the Cohesion Policy have influenced local economic and social development. Against the backdrop of a European framework that promotes territorial convergence, the research highlights that while European funds can be an important engine of development, their impact on GDP and local development varies significantly depending on the institutional, economic, and social context of each region or county. In Bihor's case, a steady increase in GDP can be observed, along with persistent disparities when compared to counties such as Cluj, which has succeeded in building an innovation-driven economic model focused on high added-value services. The results show a positive correlation between attracted European funds and GDP growth, though not a directly proportional one. Thus, regional and local development cannot be assessed solely through GDP indicators, but must be examined in a broader framework that includes infrastructure, access to public services, social inclusion, administrative capacity, and quality of life. The paper argues that public policies should be grounded in an integrated approach, tailored to territorial needs, and that European funds must be aligned with clear objectives of sustainable, equitable, and balanced development.

Suggested Citation

  • Marius-Florin MOȘ & Oana-Laura NICULA & Petru-Șandru ALBOI, 2025. "European Funds And Regional Gdp Dynamics In Romania. Case Study: North-West Region And Bihor County," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 34(1), pages 220-228, July.
    • Handle: RePEc:ora:journl:v:34:y:2025:i:1:p:220-228
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    References listed on IDEAS

    as
    1. Sala-i-Martin, Xavier X, 1996. "The Classical Approach to Convergence Analysis," Economic Journal, Royal Economic Society, vol. 106(437), pages 1019-1036, July.
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    JEL classification:

    • H72 - Public Economics - - State and Local Government; Intergovernmental Relations - - - State and Local Budget and Expenditures
    • H83 - Public Economics - - Miscellaneous Issues - - - Public Administration
    • R51 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Finance in Urban and Rural Economies
    • R53 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Public Facility Location Analysis; Public Investment and Capital Stock

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