Absorbţia fondurilor structurale şi de coeziune în Romania: bilanţul perioadei 2007-2013 şi lecţii pentru exerciţiul financiar curent
The absorption of structural and cohesion funds in Romania: balance of the period 2007-2013 and lessons for the current financial exercise
Gheorghe Zaman () and
George Georgescu ()
MPRA Paper from University Library of Munich, Germany
The balance of the financial exercise 2007-2013 revealed an absorption rate of 27% from the total EU Budget allocations for SCF in the case of Romania. This ratio, the lowest among CEE countries, has been under the influence of various causes, within the system of SCF accessing i.e. at the level of beneficiaries and MAs on different stages of absorption and also outer causes, mainly the legal framework weaknesses and the global crisis effects. The study highlighted the net beneficiary position of Romania relative to the EU budget, but the macroeconomic impact of SCF was found as having rather poor significance. The relevant macroeconomic indicators have registered unfavorable trends during post-crisis period, mainly in terms of foreign investments, external debt and public debt, which could not be mitigated by the SCF inflows. For the period 2014-2020, the new approach of the EU Cohesion Policy, more result-oriented, along with the lessons learned by Romania could address most of factors that are meant to improve the ESI funds absorption, a significant impact being also expected.
Keywords: EU Cohesion Policy; Structural and Cohesion Funds; absorption rate; macroeconomic indicators; European funds impact (search for similar items in EconPapers)
JEL-codes: E22 F15 F36 F43 O19 (search for similar items in EconPapers)
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