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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Main Author: SUCIU TEODORA MARIA
Format: Article
Language:English
Published: Academica Brâncuşi 2024-06-01
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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author SUCIU TEODORA MARIA
author_facet SUCIU TEODORA MARIA
author_sort SUCIU TEODORA MARIA
collection DOAJ
description 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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spelling doaj-art-1f9c78d3a8be4daa89a4e04c4dce4ebf2025-08-20T02:19:01ZengAcademica BrâncuşiAnalele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie1844-70072024-06-0113193205FACTORS INFLUENCING THE ABSORPTION OF EU FUNDS FOR THE LAST MEMBERS STATES ECONOMY IN EUROPEAN UNIONSUCIU TEODORA MARIA0PHD. ASSISTANT, “1 DECEMBRIE 1918” UNIVERSITY, ALBA IULIA, FACULTY OF ECONOMIC SCIENCES, ROMANIAThe 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.https://www.utgjiu.ro/revista/ec/pdf/2024-03/20_Suciu.pdfeu fundsabsorptioneconomic developmenthuman developmentthe last three eu states
spellingShingle SUCIU TEODORA MARIA
FACTORS INFLUENCING THE ABSORPTION OF EU FUNDS FOR THE LAST MEMBERS STATES ECONOMY IN EUROPEAN UNION
Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie
eu funds
absorption
economic development
human development
the last three eu states
title FACTORS INFLUENCING THE ABSORPTION OF EU FUNDS FOR THE LAST MEMBERS STATES ECONOMY IN EUROPEAN UNION
title_full FACTORS INFLUENCING THE ABSORPTION OF EU FUNDS FOR THE LAST MEMBERS STATES ECONOMY IN EUROPEAN UNION
title_fullStr FACTORS INFLUENCING THE ABSORPTION OF EU FUNDS FOR THE LAST MEMBERS STATES ECONOMY IN EUROPEAN UNION
title_full_unstemmed FACTORS INFLUENCING THE ABSORPTION OF EU FUNDS FOR THE LAST MEMBERS STATES ECONOMY IN EUROPEAN UNION
title_short FACTORS INFLUENCING THE ABSORPTION OF EU FUNDS FOR THE LAST MEMBERS STATES ECONOMY IN EUROPEAN UNION
title_sort factors influencing the absorption of eu funds for the last members states economy in european union
topic eu funds
absorption
economic development
human development
the last three eu states
url https://www.utgjiu.ro/revista/ec/pdf/2024-03/20_Suciu.pdf
work_keys_str_mv AT suciuteodoramaria factorsinfluencingtheabsorptionofeufundsforthelastmembersstateseconomyineuropeanunion