The Socio-economic Impact of European Funds on Eastern European Countries

• Authors: Cristian Păun
• Languages of publication: EN

Abstracts

EN

European Funds are considered to be o reliable solution for emerging economies from Eastern Europe. These funds are granted by European Union to reduce the gap between countries and to ensure a harmonized development at the level of this group of countries that decided to act together as a united economic entity. In fact, European Funds are previously obtained from taxes applied to all European citizens and redistributed by European Institutions in accordance with predefined principles and rules. The redistributive effect is always present in such situation and has clear impact on economies that are net paying for these funds and on economies that are net benefiting from them. This paper presents the results of a quantitative analysis at the level of ten Eastern European Countries (EEC countries) on the social and economic impact of these funds based on panel regression methodology.

Keywords

EN

European Union; economic integration; European Funds; social cohesion; economic convergence

• Publisher: Sciendo
• Journal: International Review of Social Research
• Year: 2014
• Volume: 4
• Issue: 1
• Pages: 49-56

Dates

published

2014-02-01

online

2015-05-06

Contributors

author

Cristian Păun

• Department of International Business and Economics Bucharest University of Economic Sciences

References

• dall'Erba, S., R. Guillain and J. le Gallo (2009) ‘Impact Of Structural Funds On Regional Growth: How To Reconsider A 9 Year-Old Black Box’. Region et Developpement, Region et Developpement, LEAD, 30:77-100. Universite du Sud - Toulon Var.
• Ederveen, S., H. Groot and R. Nahuis (2003) Fertile soil for structural funds? a panel data analysis of the conditional effectiveness of European cohesion policy, pp. 3 – 14. Working Papers, Utrecht School of Economics,.
• Jora, O. D., V. M. Topan and R. Mușetescu, (2008) ‘European ‘c’ quest: community, competitiveness, convergence, cohesion. what should the ‘eu new comer romanians’. Annals of Faculty of Economics, 1(1):343-349. University of Oradea, Faculty of Economics.
• Levin, A., C.-F. Lin and C-S. J. Chu (2002) ‘Unit root tests in panel data: Asymptotic and finite-sample properties’. Journal of Econometrics, 108:1-24.
• Puigcerve-Penalver, M.-C. (2004) ‘The Impact of Structural Funds Policy on European Regions Growth. A Theoretical and Empirical Approach’. Econometric Society Latin American Meetings, 141.
• Rodríguez-Pose, A. and U. Fratesi (2003) ‘Between development and social policies: the impact of European Structural Funds in Objective 1 Regions’. European Economy Group Working Papers, 28.
• Varga, J. and J. I. Vel (2010) ‘The Potential Impact of EU Cohesion Policy Spending in the 2007-13 Programming Period’. Economic Papers, 422.

Identifiers

DOI

10.1515/irsr-2014-0004