IDEAS home Printed from https://ideas.repec.org/h/spr/prbchp/978-3-031-71329-3_49.html
   My bibliography  Save this book chapter

The Impact of European Funds and National Programs on SMEs in the Counties of North-West Romania

In: Europe in the New World Economy: Opportunities and Challenges

Author

Listed:
  • Adrian Negrea

    (University of Oradea)

  • Adriana Giurgiu

    (University of Oradea
    Bucharest University of Economic Studies)

  • Ciprian-Beniamin Benea

    (University of Oradea)

  • Nicoleta-Georgeta Bugnar

    (University of Oradea)

Abstract

The general term “European funds” refers to the non-refundable financing instruments allocated to the Member States of the European Union. As far as Romania is concerned, the European Structural and Investment Funds (ESI Funds) constitute the main source of financing for the Operational Programs. The most important beneficiaries of these funds are SMEs, which constitute the backbone of the economy. This chapter analyzes the impact of the attraction of non-reimbursable financing by SMEs in the North-West Region of Romania on its economic evolution, analyzing a series of macroeconomic indicators regarding the financing attracted in the period 2014–2020, through the prism of macroeconomic indicators, such as gross domestic product, gross domestic product per capita at standard purchasing power parity (PPS/capita), gross value added (GVA), number of active local units, SME density, and labor productivity in SMEs; identifying the existence of a significant correlation between the amount of non-reimbursable financing attracted by SMEs and the variation of macroeconomic indicators. The volume of non-refundable funds attracted and the impact on the level of economic development of the region are assessed by using the Pearson correlation coefficient. The results present an uneven picture from the use of the two billion lei attracted from the various financing programs, but the correlation emphasizes the fact that the funds have directly influenced the upward evolution of the counties’ GDP, as well as the labor productivity.

Suggested Citation

  • Adrian Negrea & Adriana Giurgiu & Ciprian-Beniamin Benea & Nicoleta-Georgeta Bugnar, 2024. "The Impact of European Funds and National Programs on SMEs in the Counties of North-West Romania," Springer Proceedings in Business and Economics, in: Luminita Chivu & Valeriu Ioan-Franc & George Georgescu & Ignacio De Los Ríos Carmenado & Jean Vasile (ed.), Europe in the New World Economy: Opportunities and Challenges, chapter 0, pages 763-774, Springer.
    • Handle: RePEc:spr:prbchp:978-3-031-71329-3_49
    DOI: 10.1007/978-3-031-71329-3_49
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    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:spr:prbchp:978-3-031-71329-3_49. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    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.