ANALYSIS OF ABSORPTION STRUCTURAL FUNDS AND COHESION DURING 2007-2013

Chirculescu Maria Felicia
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Chirculescu Maria Felicia: UNIVERSITY “CONSTANTIN BRANCUSI” TARGU JIU

Annals - Economy Series, 2014, vol. 4, 170-175

Abstract: This paper is intended to be an analysis of the absorption of structural and cohesion funds, so that in future research to analyze the causes that generated a low rate of absorption, and the reasons pertaining to public authorities involved in the whole process European funding nationally and by funding recipients; However with only one purpose, namely, to adjust the gap to old Member States. As seen lately in the analyzed period 2007-2013, the authorities have made considerable efforts to adopt administrative measures, legal, institutional or organizational in order to increase the absorption of this program. However, there were marked improvements, which could lead to Romania to record losing money next period because the absorption rate is a prerequisite for determining the amount of funds to be allocated to each Member State in the programming 2014-2020. It is known that one of the major objectives of the European Union was to strengthen economic and social cohesion, with the entry into force of the Treaty of Maastricht, this is because not all regions of Europe enjoy the same level of development. Thus, in order to curb the widening economic and social disparities between the old Member States and the countries that joined recently been done on the implementation of Cohesion Policies that by providing funds to address various existing structural problems and achieve their potential growth. Thus, as is the case of Romania, the development of each Member State to reduce disparities is largely absorptive capacity, which is the degree to which a Member State fails, within a period of time, to absorb and to use funds made available to the EU budget, based on the country's administrative capacity and institutional capacity to create, develop and implement projects to attract European funds.

Keywords: Structural and Cohesion Funds; absorption rate investments; financial suport of environmental protection policy (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:cbu:jrnlec:y:2014:v:4:p:170-175

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