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Absorption of European Funds in Romania During 2007-2013

Author

Listed:
  • Vasile Ionel Popescu

    (The Bucharest Academy of Economic Studies)

  • Constantin Liviu Popescu

    (Universitatea Tehnică de Construcţii Bucureşti. Facultatea de Construcţii Civile, Industriale şi Agricole. Departamentul de Construcţii Metalice, Management si Grafică Inginerească)

Abstract

This paper aims to highlight the direct link between absorption of structural funds for the period 2007-20013, and the strategic objectives of Economic and Social Cohesion Policy. Structural and Cohesion Funds related to Romania have been and will be the main financial instrument of the European Union for creating jobs and generating growth, tackling climate change and energy dependence, reducing poverty and social exclusion. Throughout this article we highlight the evolution of the Structural and Cohesion Funds absorption and the degree of reduction of economic and social disparities. Finally we will conclude on the importance of absorption of Structural Funds in the context of globalization and economic competitiveness of the EU single market.

Suggested Citation

  • Vasile Ionel Popescu & Constantin Liviu Popescu, 2015. "Absorption of European Funds in Romania During 2007-2013," International Conference on Marketing and Business Development Journal, The Bucharest University of Economic Studies, vol. 1(1), pages 359-365, July.
    • Handle: RePEc:aes:icmbdj:v:1:y:2015:i:1:p:359-365
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    More about this item

    Keywords

    Absorption; European Union; cohesion; convergence; competitiveness.;
    All these keywords.

    JEL classification:

    • A1 - General Economics and Teaching - - General Economics
    • A10 - General Economics and Teaching - - General Economics - - - General

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