Impact Assessment of Allocated European Funds on Economic Growth in Romania

Dumitru Beldiman and Tatiana PÄ‚UN Zamfiroiu
Additional contact information
Dumitru Beldiman: University of Craiova
Tatiana PÄ‚UN Zamfiroiu: University of Craiova

Finante - provocarile viitorului (Finance - Challenges of the Future), 2019, vol. 1, issue 21, 13-26

Abstract: During the period 2007-2013, the European Union provided to Romania through cohesion policy approximately 19.7 billion euros. Taking into account the dimensions for the allocation of payments for the development of the regional country, I evaluate that the impact of the European funds from an economic and social point of view, represent a natural concern and at the same time a challenge that is quite difficult to achieve for Romania, but also for any other state. This evaluation cannot be accomplished only based on established indicators on each funding program, because these reflect the outcome of financial interventions and not the real impact on European funds on the economy. For this reason, the General Directorate of Economic and Financial Affairs within the European Commission has developed several econometric models, of which the most relevant are HERMIN and QUEST, which are used in analysing the impact of the European funds allocated through cohesion policy on Member States' economies. Thus, through this approach we aimed to highlight the impact of the European funds allocated through cohesion policy between 2007-2013, on the economic growth in Romania by using an econometric model based on the theoretical model Quest.

Keywords: Quest model; econometric model; macroeconomic simulation; European funds; the impact of European funds; economic growth. (search for similar items in EconPapers)
JEL-codes: F15 F36 G00 G10 G20 G21 H00 (search for similar items in EconPapers)
Date: 2019
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.financejournal.ro/fisiere/revista/323613502.%20Beldiman_Paun%20EN.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aio:fpvfcf:v:1:y:2019:i:21:p:13-26

Access Statistics for this article

Finante - provocarile viitorului (Finance - Challenges of the Future) is currently edited by Marin OPRITESCU

More articles in Finante - provocarile viitorului (Finance - Challenges of the Future) from University of Craiova, Faculty of Economics and Business Administration Contact information at EDIRC.
Bibliographic data for series maintained by Alina Manta ().