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EU Regional Policy. Realities and Perspectives on the Absorption of European Funds

Author

Listed:
  • Valentin NECULITA

    (Dunarea de Jos University of Galati, Romania)

  • Mihaela NECULITA

    (Dunarea de Jos University of Galati, Romania)

Abstract

EU expansion to 27 Member States has generate challenges in terms of its competitiveness and internal cohesion. The already existing disparities between the Member States and among their regions have deepened. These disparities are generated by the structural deficiencies in key factors of competitiveness, i.e. inadequate endowment with physical and human capital (infrastructure and workforce), insufficient capacity for innovation, business support and low level of environmental capital (natural environment and / or urban pollution). The purpose of the paper is to determine whether the cohesion policy reduced or increased the disparities between regions. Therefore in order to achieve this goal of the cohesion policy, the Member States and regions need significant financial help to solve various structural problems and achieve their potential of growth

Suggested Citation

  • Valentin NECULITA & Mihaela NECULITA, 2012. "EU Regional Policy. Realities and Perspectives on the Absorption of European Funds," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 2, pages 97-102.
    • Handle: RePEc:ddj:fseeai:y:2012:i:2:p:97-102
    as

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    References listed on IDEAS

    as
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Regional policy; Cohesion policy; Disparities; Economic growth; Competitiveness;
    All these keywords.

    JEL classification:

    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F15 - International Economics - - Trade - - - Economic Integration
    • P47 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Performance and Prospects

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