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Structural Funds - Instruments To Sustain Economic Growth In Romania

Author

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  • Elena RUSU (CIGU)

    (“Alexandru Ioan Cuza” University of Iasi, Faculty of Economics and Business Administration, Romania)

Abstract

The aim of this research paper is to highlight that one of the main instruments employed to sustain economic growth in Romania, while also reducing disparities between Romanian regions is represented by the European Union structural funds. Although there have been made many changes for the alignment of Romania’s economic policies to those of EU, Romania still facing with one of the lowest absorption rate for the Programme 2007-2013, but there are established strategies for a higher absorption for the next financial exercise 2014-2020. We must not omit the fact that Romania’s major development needs and the current economic context imperatively demand a high as possible level of structural funds absorption, as well as their efficient use, meant to generate a significant impact at a national, regional and local level. This paper will present an overview of theoretical approach of the role of Structural Fund and the reason for which they were created, followed by empirical evidences of absorption of EU Structural Funds over the period 2007-2013 in Romania comparative with the other EU countries, and in the end the new challenges posed by the Programme 2014-2020 for EU countries, including Romania.

Suggested Citation

  • Elena RUSU (CIGU), 2014. "Structural Funds - Instruments To Sustain Economic Growth In Romania," The USV Annals of Economics and Public Administration, Stefan cel Mare University of Suceava, Romania, Faculty of Economics and Public Administration, vol. 14(2(20)), pages 193-203, December.
    • Handle: RePEc:scm:usvaep:v:14:y:2014:i:2(20):p:193-203
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    File URL: http://www.seap.usv.ro/annals/arhiva/USVAEPA_VOL.14,ISSUE_2%2820%29,2014_fulltext.pdf
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    Citations

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    Cited by:

    1. Mihai-Bogdan PETRISOR & Vlad Nicolae NEDELCU, 2014. "Similarities And Differences Regarding The Development Of Public Contracts In The Eu Member States," Journal of Public Administration, Finance and Law, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 6(6), pages 76-82, December.
    2. Anca Simina Popescu, 2015. "The Influence Of Community Financial Instruments On The Economic Growth," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 0, pages 476-483, December.
    3. Anca Simina Popescu, 2015. "The Influence Of Community Financial Instruments On The Economic Growth," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 6, pages 476-483, December.

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