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The Impact of Developments Implemented from Public Finances, with Special Regard to EU Cohesion Policy

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  • Nyikos, Györgyi

Abstract

In the latest, most recent phases of the economic crisis when the economic and governmental actors are regularly consulting with each other about the direction that should be followed, it is essential to determine how to use the limited resources available – for the purposes of this topic, the resources aimed at development – in the most efficient and sustainable way. Naturally, in order to be able to assess the efficiency of resource use, one must first decide what should be measured and how. The assessment of public investments and the impact of EU cohesion policy is controversial; assessing necessity, utility and sustainability is no easy task. It is clear, however, that the terms of the assessment of development policy interventions have shifted from the success of the absorption of development resources towards a stronger enforcement of the aspects of efficiency and effectiveness.

Suggested Citation

  • Nyikos, Györgyi, 2013. "The Impact of Developments Implemented from Public Finances, with Special Regard to EU Cohesion Policy," Public Finance Quarterly, Corvinus University of Budapest, vol. 58(2), pages 163-183.
    • Handle: RePEc:pfq:journl:v:58:y:2013:i:2:p:163-183
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    File URL: https://unipub.lib.uni-corvinus.hu/8955/
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    Cited by:

    1. Zeilbeck, Severin, 2015. "An investment initiative for fiscally constrained EU member states: The role of synergetic financial instruments," IPE Working Papers 58/2015, Berlin School of Economics and Law, Institute for International Political Economy (IPE).

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    More about this item

    Keywords

    development-oriented utilisation of public funds; investment impact; effectiveness-utility; evaluation;
    All these keywords.

    JEL classification:

    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • H50 - Public Economics - - National Government Expenditures and Related Policies - - - General
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • P48 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies
    • R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes

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