Coordinates of the Absorption Capacity of Structural and Cohesion Funds at EU Level

Anca Simina Popescu and Inocentiu Alexandru Florea
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Anca Simina Popescu: University of Craiova Faculty of Economics and Business Administration
Inocentiu Alexandru Florea: University of Craiova Faculty of Economics and Business Administration

Finante - provocarile viitorului (Finance - Challenges of the Future), 2015, vol. 1, issue 17, 176-185

Abstract: The structural and cohesion funds are considered an attractive instrument for the funding of investments opportunities especially in times of crisis when the private investments are reduced. Nevertheless, they have not been factually highlighted in order to empirically document the role of European funds in supporting the short-term economic growth, at macroeconomic level. The target of absorbing as much European financial non-refundable aid requires constant efforts made by the member states and administration authorities, the involvement of regional and local public administrations in each stage of the process, as well as an appropriate capacity of institutional structures and management and control systems, they being basic premises of this objective achievement.

Keywords: Coordinates; of; the; Absorption; Capacity; of; Structural; and; Cohesion; Funds; at; EU; Level (search for similar items in EconPapers)
JEL-codes: E03 E60 G01 H00 J1 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:aio:fpvfcf:v:1:y:2015:i:17:p:176-185

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