The financing of economic growth in Romania by the atraction and usage of structural founds

Stepan Oana Maria and Lungu Mircea-Alexandru
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Stepan Oana Maria: University of Craiova Doctoral School of Socio-Human Sciences Faculty of Economics and Business Administration
Lungu Mircea-Alexandru: The Bucharest University of Economic Studies Economic Informatics and Cybernetics Faculty of C.S.I.E/C.S.E.I

Annals of University of Craiova - Economic Sciences Series, 2015, vol. 1, issue 43, 289-298

Abstract: In this study, we proposed to present the macroeconomic context in which the structural funds are absorbed and used efficient from the perspective of monetary policy transmission channels and the influences generated by the way they reacted at the main monetary and economic variables to different shocks in Romania’s economy, between 2002 and 2013. The analysis is based on the impacts of using technological systems and data generalization in the macroeconomic and monetary framework. Thus, we included variables that capture the evolution of gross domestic product, inflation, interest rate, unemployment, monetary and wage index which are the determinants of the capacity to absorb the structural funds and also the outcome indicators for use of these funds. The interest rate channel has gained consistency in recent years, which facilitates enhancing the absorption of structural funds.

Keywords: Structural funds; financing capacity; transmission channels of monetary policy; price stability; unemployment rate; inflation (search for similar items in EconPapers)
JEL-codes: E03 E1 E17 O11 O4 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:aio:aucsse:v:1:y:2015:i:43:p:289-298

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