The financing of economic growth in Romania by the attraction and usage of structural founds

Maria, Stepan Oana; Mircea-Alexandru, Lungu
January 2015
Annals of the University of Craiova, Economic Sciences Series;2015, Vol. 1, p283
Academic Journal
In this study, we proposed to present the macroeconomic context in which the structural funds are absorbed and used efficient from the perspective of monetary policy transmission channels and the influences generated by the way they reacted at the main monetary and economic variables to different shocks in Romania's economy, between 2002 and 2013. The analysis is based on the impacts of using technological systems and data generalization in the macroeconomic and monetary framework. Thus, we included variables that capture the evolution of gross domestic product, inflation, interest rate, unemployment, monetary and wage index which are the determinants of the capacity to absorb the structural funds and also the outcome indicators for use of these funds. The interest rate channel has gained consistency in recent years, which facilitates enhancing the absorption of structural funds.


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