The Effects of the Structural Funds on the Romanian Economic Growth

Ionica Oncioiu (), Diana Andreea Mândricel (), Anca Gabriela Petrescu () and Florentina Raluca Bîlcan ()
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Ionica Oncioiu: Titu Maiorescu University
Diana Andreea Mândricel: Titu Maiorescu University
Anca Gabriela Petrescu: Valahia University
Florentina Raluca Bîlcan: Valahia University

Acta Universitatis Danubius. OEconomica, 2017, issue 13(2), 91-101

Abstract: The European funds are considered an attractive tool for supporting economic growth on short-term and at a macroeconomic level. The impact assessment of structural and cohesion funds on Romania's economic growth is sluggish because of the mismatches between official information at national and regional levels. The role of economic models in quantifying the impact of structural and cohesion funds at a macroeconomic level cannot be minimized. This paper aims to investigate the impact of European funds totally absorbed by Romania on the evolution of total GDP (Gross Domestic Product) in the period 2007-2015. Using linear regression in R (lm function), our goal is to explain the relationship between attracted European funds in total, as an independent variable, and the Gross Domestic Product which was considered a dependent variable. For data processing, the authors used the ANOVA software. However, the results shows that the impact of the absorption rate on short-term economic growth does not confirm the theoretical expectations.

Keywords: European Funds; Gross Domestic Product; economic growth (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:dug:actaec:y:2017:i:2:p:91-101

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