Convergence and economic integration of Ceecs through EU regional policy system
Bibliographic Data
| ID | 15067442 |
|---|---|
| Authors | Zvonimir Savić (0000-0001-6163-9201, Croatian Chamber of Economy, Croatia), Nataša Drvenkar (0000-0001-6686-3755, Faculty of Economics in Osijek, J. J. Strossmayer University of Osijek, Croatia, corresponding author), Saša Drezgić (0000-0002-7712-8112, University of Rijeka) |
| Year | 2023 |
| Volume | 36 |
| Issue | 3 |
| Publication date | 2023-12-25 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Economic Research-Ekonomska Istraživanja (JOURNAL) |
| Journal identifiers | ISSN: 1331-677X • E-ISSN: 1848-9664 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/1331677x.2023.2188407 |
| OpenAlex | W4376959335 |
| Language | EN |
| References cited | 36 |
In order to assess the effectiveness of individual management systems in the analysed EU countries (Croatia, Poland, Slovakia, Latvia, Lithuania, Estonia, Malta, Cyprus, Slovenia, Hungary), an econometric analysis of the interdependence between the quality of the institutional and regulatory framework and the absorption of EU funds and economic growth was conducted. Conceptually, the econometric analysis aims to identify two levels of interdependence between institutional and regulatory variables on the one hand and dependent variables on the other: (1) the effect of the quality of the institutional and regulatory environment on the absorption of EU funds; (2) the effect of the quality of the institutional and regulatory environment on economic growth. The results of the analysis confirm that EU funds have led to increased economic growth in EU countries which provides basis for economic convergence. However, the allocation of funds alone did not necessarily increase the quality of the institutional framework and competitiveness of the analysed countries. Thus, the paper confirms the importance of improvement of the institutional and regulatory framework of particular grant recipient country, as this not only increases the absorption of EU funds, but also improves the economic growth prospects
Absorption capacity · Business · Econometric analysis · Econometric model · Econometrics · Economic growth · Economic policy · Economic system · Economics · Eu countries · European union · International economics · Macroeconomics · Economic Growth and Productivity · Polish socio-economic development · Regional Development and Policy · Finance
The Lagrange Multiplier Test and its Applications to Model Specification in Econometrics
Macroeconomic model of institutional reforms’ influence on economic growth of the new EU members and the Republic of Croatia
Cohesion Policy and the Evolution of Regional Policy in Central and Eastern Europe
Region and place III
Back to the member states? Cohesion Policy and the national challenges to the European Union
Institutional quality and firms’ productivity in European regions
One or many Cohesion Policies of the European Union? On the differential economic impacts of Cohesion Policy across member states
Diversity as the key to success? Urban and rural employment dynamics in the Netherlands
Investment subsidies and regional welfare
Cohesion Policy in the European Union
Catching Up or Falling Behind? Economic Performance and Regional Trajectories in the “New Europe
Evaluating the Determinants of EU Funds Absorption across Old and New Member States – the Role of Administrative Capacity and Political Governance
Regions in a time of pandemic
| Highly cited | No |
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