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Determinants Of Increasing Eu Funds Absorption Capacity In Romania

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  • George Georgescu

Abstract

The study found that, during the early post-accession years, Romania failed to attract European funds, at least to the same extent to the national contribution at the community budget, registering a net expenditure as an EU member. The determinants of increasing EU funds absorption rate are related, among other, to the availability of internal resources for projects co-financing, adequate administrative capacity at central and local levels, appropriate inter-institutional coordination and public-private partnerships, high skills and motivation of human resources working in operational programs Management Authorities and intermediary bodies. Activating these determinants could be an opportunity for sustaining economic growth of Romania and recovering the development gap, which is supposed to alleviate also the adverse effects of international financial crisis on EU countries.

Suggested Citation

  • George Georgescu, 2008. "Determinants Of Increasing Eu Funds Absorption Capacity In Romania," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 2(10), pages 1-16.
    • Handle: RePEc:alu:journl:v:2:y:2008:i:10:p:16
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    References listed on IDEAS

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    1. John Bachtler & Carlos Mendez, 2007. "Who Governs EU Cohesion Policy? Deconstructing the Reforms of the Structural Funds," Journal of Common Market Studies, Wiley Blackwell, vol. 45(3), pages 535-564, September.
    2. Andrej Horvat, 2005. "Financial Absorption Rates in EU Objective 1 1994-99 and Some Lessons for the New Member States in 2004-2006," WIFO Working Papers 259, WIFO.
    3. repec:bla:jcmkts:v:45:y:2007:i::p:535-564 is not listed on IDEAS
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    Cited by:

    1. Zaman, Gheorghe & Georgescu, George, 2014. "The absorption of EU Structural and Cohesion Funds in Romania: international comparisons and macroeconomic impact," MPRA Paper 57450, University Library of Munich, Germany.
    2. Giovanni Cunico & Eirini Aivazidou & Edoardo Mollona, 2024. "Investigating Supply and Demand in European Cohesion Policy: Micro-Foundations of Macro-Behaviours," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(2), pages 8148-8178, June.
    3. Popescu Anca Simina, 2015. "The Absorption Capacity Of European Funds – Concepts," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 3, pages 119-125, June.
    4. repec:ath:journl:tome:30:v:2:y:2013:i:30:p:285-295 is not listed on IDEAS
    5. Chirculescu Maria Felicia, 2015. "Appearance On European Union Policy On Funding Socio-Economic Development," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 6, pages 382-387, December.
    6. Lumini?a Zait, 2014. "The Influence Of Formal Communication In The Process Of Accessing European Funds," Studies and Scientific Researches. Economics Edition, "Vasile Alecsandri" University of Bacau, Faculty of Economic Sciences, issue 19.
    7. Zaman, Gheorghe & Georgescu, George, 2014. "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: ba," MPRA Paper 56144, University Library of Munich, Germany.
    8. Brenda-Andreea Piuaru & Bianca Tescașiu & Gheorghe Epuran & Mihaela Hrisanta Mosora & Ioana Simona Ivasciuc, 2024. "Information Asymmetry in the European Funds Market: Impact on Resource Allocation and Sustainable Development," Sustainability, MDPI, vol. 16(24), pages 1-30, December.
    9. Gheorghe Epuran & Luminita Zait & Bogdan Nichifor & Laura Timiras, 2011. "Predisposing factors and barriers in the absorption of EU funds - conceptual and operational aspects," Studies and Scientific Researches. Economics Edition, "Vasile Alecsandri" University of Bacau, Faculty of Economic Sciences, issue 16-17.
    10. Claudiu George Bocean, 2012. "Absorption Capacity Of Eu Funds In Romania," Revista Tinerilor Economisti (The Young Economists Journal), University of Craiova, Faculty of Economics and Business Administration, vol. 1(18), pages 123-130, April.
    11. Carlos San Juan Mesonada & Carlos Sunyer Manteiga, 2020. "European Structural and Investment Funds and Regional Convergence: The Impact of Public Deficit in Beta-Convergence," EconPol Working Paper 47, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.
    12. Gabriela-Diana Baraghin & Ioana Beleiu, 2022. "Do European Funds Contribute to the Sustainable Development of Romania?," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 12-21, September.
    13. Iulia PARA & Teodor Gheorghe NEGRUT & Laura Mariana CISMAS, 2019. "Considerations Regarding The Absorption Capacity Of The Structural And Cohesion Funds, The Administrative And Financial Decentralization And The Quality Of The Governing Act In Romania," Network Intelligence Studies, Romanian Foundation for Business Intelligence, Editorial Department, issue 14, pages 115-120, December.
    14. Anca Simina POPESCU, 2014. "European Funds – Instrument for Economic Stability/Growth," Finante - provocarile viitorului (Finance - Challenges of the Future), University of Craiova, Faculty of Economics and Business Administration, vol. 1(16), pages 190-197, December.
    15. Pautu Sorina & Dogaru Madalin, 2013. "The Main Deficiencies In The Implementation Of The Sectoral Operational Programme Human Resources Development," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 1(1), pages 509-515, July.
    16. Chirculescu Maria Felicia, 2015. "Appearance On European Union Policy On Funding Socio-Economic Development," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 0, pages 382-387, December.

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    More about this item

    Keywords

    economic development; EU integration; structural funds; determinants of absorption capacity; absorption rate; operational programs.;
    All these keywords.

    JEL classification:

    • F15 - International Economics - - Trade - - - Economic Integration
    • F36 - International Economics - - International Finance - - - Financial Aspects of Economic Integration
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations

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