THE IMPACT OF STRUCTURAL FUNDS IN CENTRAL AND EASTERN EUROPEAN COUNTRIES

Dogaru Dorin-Madalin
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Dogaru Dorin-Madalin: West University of Timisoara Faculty of Economics and Business Administration

Annals of University of Craiova - Economic Sciences Series, 2015, vol. 2, issue 43, 293-305

Abstract: Structural funds are one of the most used instruments of the European Regional policy to promote regional convergence among the member states of the European Union. Nevertheless, because there are theoretical and empirical differences in literature regarding their capacity to promote economic growth in disadvantaged areas, we want to show the way in which central and eastern-European countries, which are subjects of our study (Bulgaria, Poland, Czech Republic, Hungary, Slovenia, Slovakia and Romania), managed to use the funds made available to them in the 2007-2013 budget through three mechanisms: European Development Fund (ERDF), Cohesion Fund (CF) and the European Social Fund (ESF). This paper’s aim is to demonstrate statistically that the funds made available by the European Union were a catalyst for long run economic growth for the central and eastern-European member states.

Keywords: Structural Funds; Central and Eastern European Countries; contracting ratio (search for similar items in EconPapers)
JEL-codes: M41 M42 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:aio:aucsse:v:2:y:2015:i:43:p:293-305

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