FACTORS INFLUENCING THE ABSORPTION OF EU FUNDS FOR THE LAST MEMBERS STATES ECONOMY IN EUROPEAN UNION
The absorption of European funds is widely seen as a way of economic growth and job creation through payments made from the EU budget as co-financing for eligible projects granted to EU member states. The article presents a study on the absorption of European funds in the last 3 states that ente...
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| Format: | Article |
| Language: | English |
| Published: |
Academica Brâncuşi
2024-06-01
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| Series: | Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie |
| Subjects: | |
| Online Access: | https://www.utgjiu.ro/revista/ec/pdf/2024-03/20_Suciu.pdf |
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| Summary: | The absorption of European funds is widely seen as a way of economic growth and job creation through
payments made from the EU budget as co-financing for eligible projects granted to EU member states. The article
presents a study on the absorption of European funds in the last 3 states that entered the European Union for the last
programming period 2021-2027 and investigates the determining factors of the absorption of European funds in
Romania, Bulgaria and Croatia. The average absorption rate at the EU level is 68% at the end of 2022. The findings of
the estimates of economic and human development on the absorption of European funds show us multiple negative
influences of the independent variables due to the fact that the analysis was carried out on the new countries that
entered the EU have recorded low absorption rates of European funds. Positive influences are observed in the case of
Gross capital formation, Imports of goods and services, Expense and Human Capital Index, but some of the variables
are statistically insignificant. |
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| ISSN: | 1844-7007 |