IDEAS home Printed from https://ideas.repec.org/a/aio/fpvfcf/v1y2019i21p13-26.html
   My bibliography  Save this article

Impact Assessment of Allocated European Funds on Economic Growth in Romania

Author

Listed:
  • Dumitru BELDIMAN

    (University of Craiova)

  • Tatiana PÄ‚UN ZAMFIROIU

    (University of Craiova)

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.

Suggested Citation

  • Dumitru BELDIMAN & Tatiana PÄ‚UN ZAMFIROIU, 2019. "Impact Assessment of Allocated European Funds on Economic Growth in Romania," Finante - provocarile viitorului (Finance - Challenges of the Future), University of Craiova, Faculty of Economics and Business Administration, vol. 1(21), pages 13-26, November.
    • Handle: RePEc:aio:fpvfcf:v:1:y:2019:i:21:p:13-26
    as

    Download full text from publisher

    File URL: http://www.financejournal.ro/fisiere/revista/323613502.%20Beldiman_Paun%20EN.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. John Bradley & Gerhard Untiedt, 2007. "Do economic models tell us anything useful about Cohesion Policy impacts? A comparison of HERMIN, QUEST and ECOMOD," Working Papers 3-2007, GEFRA - Gesellschaft fuer Finanz- und Regionalanalysen.
    2. Barbara Annicchiarico & Fabio Di Dio & Francesco Felici & Francesco Nucci, "undated". "Macroeconomic Modelling and the Effects of Policy Reforms: an Assessment for Italy using ITEM and," Working Papers 1, Department of the Treasury, Ministry of the Economy and of Finance.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Suciu Teodora Maria, 2024. "Factors Influencing The Absorption Of Eu Funds For The Last Members States Economy In European Union," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 3, pages 193-205, June.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Dumitru BELDIMAN & Alia Gabriela DUȚĂ, 2020. "Possibilities to Quantify the Impact of Accessing Structural Funds and Cohesion Using Econometric Models," Finante - provocarile viitorului (Finance - Challenges of the Future), University of Craiova, Faculty of Economics and Business Administration, vol. 1(22), pages 21-33, November.
    2. Attila Varga, 2014. "Challenges in modeling the impacts of modern development policies: The case of the GMR-approach," EcoMod2014 7151, EcoMod.
    3. Jan Fidrmuc & Martin Hulényi & Olga Zajkowska, 2019. "The Elusive Quest for the Holy Grail of an Impact of EU Funds on Regional Growth," CESifo Working Paper Series 7989, CESifo.
    4. European Commission, 2011. "Tax Reforms in EU Member States 2011: tax policy challenges for economic growth and fiscal sustainability," Taxation Papers 28, Directorate General Taxation and Customs Union, European Commission.
    5. Simeonova-Ganeva, Ralitsa & Ganev, Kaloyan, 2013. "Ефекти От Политиките, Финансирани От Европейските Фондове: Оценяване На Въздействието На Инвестициите В Образование И Наука В България [Effects of EU Funded Policies: Net Impact Assessment of Inves," MPRA Paper 48176, University Library of Munich, Germany.
    6. Alm, Bastian & Bade, Franz-Josef, 2010. "Beschäftigungseffekte der regionalen Investitionsförderung. Analyse der gewerblichen Subventionen der Bund-Länder- Gemeinschaftsaufgabe „Verbesserung der regionalen Wirtschaftsstruktur“ im Zeitraum 19," EconStor Preprints 103401, ZBW - Leibniz Information Centre for Economics.
    7. John Bradley, 2010. "EU Cohesion Policy in a Period of Economic Crisis: Evaluating Impacts in Small Open Economies," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 7, pages 50-67.
    8. Massimiliano Pisani & Filippo Vergara Caffarelli, 2018. "What will Brexit mean for the British and euro-area economies? A model-based assessment of trade regimes," Temi di discussione (Economic working papers) 1163, Bank of Italy, Economic Research and International Relations Area.
    9. L´Hotellerie-Fallois, Pilar & Vergara Caffarelli, Filippo & Geeroms, Hans & de Almeida, Ana M. & Bisciari, Patrick & Byrne, Stephen & Campos, Rodolfo & Conefrey, Thomas & Cappariello, Rita & Damjanovi, 2020. "A review of economic analyses on the potential impact of Brexit," Occasional Paper Series 249, European Central Bank.
    10. Tobias Hagen & Philipp Mohl, 2011. "Econometric Evaluation of EU Cohesion Policy: A Survey," Chapters, in: Miroslav N. Jovanović (ed.), International Handbook on the Economics of Integration, Volume III, chapter 16, Edward Elgar Publishing.
    11. Maurizio Zenezini, 2013. "Riforme e crescita in Italia: una nota," ECONOMIA E SOCIET? REGIONALE, FrancoAngeli Editore, vol. 0(2), pages 97-113.
    12. Michael Rothgang & Bernhard Lageman & Anne-Marie Scholz, 2021. "Why are there so few hard facts about the impact of cluster policies in Germany? A critical review of evaluation studies," Review of Evolutionary Political Economy, Springer, vol. 2(1), pages 105-139, April.

    More about this item

    Keywords

    Quest model; econometric model; macroeconomic simulation; European funds; the impact of European funds; economic growth.;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • G00 - Financial Economics - - General - - - General
    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • G20 - Financial Economics - - Financial Institutions and Services - - - General
    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • H00 - Public Economics - - General - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aio:fpvfcf:v:1:y:2019:i:21:p:13-26. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Alina Manta (email available below). General contact details of provider: https://edirc.repec.org/data/fecraro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.