Heterogeneous growth outcomes of the EU’s regional financial support mediated by institutions with some empirical evidences at NUTS 3 level

Butkus, Mindaugas; Mačiulytė-Šniukienė, Alma; Matuzevičiūtė, Kristina

doi:10.1007/s10037-019-00137-z

Cited by 5 publications

(2 citation statements)

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“…Durand and Espinoza (2021) highlight that the role of fiscal authority in supporting an individual economy is a key factor and that, due to the newly approved EU recovery instrument, significant improvement of economic damage caused by the COVID-19 pandemic can be achieved. Codogno and van den Noord (2021) and Butkus et al (2020) note that EU funds have a direct impact on the economic growth of the recipient country. They speak about the importance of responding before a potential crisis arises with a mechanism for ready reaction in the future.…”

Section: Literature Reviewmentioning

confidence: 99%

Application of Successful EU Funds Absorption Models to Sustainable Regional Development

Šostar,

Ristanović,

de Alwis

2023

Economies

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The research paper comprehensively and consistently addresses all relevant theoretical areas related to the topic and includes an extensive empirical analysis of the absorption of EU funds and their impact on the sustainable development of Croatia, Slovenia, Hungary, and Poland. The analysis aims to investigate the efficiency of the absorption of funds from the EU, the impact of these funds on regional development of countries, and the reasons for such impacts. The “Regional Development Model Based on EU Funds” was tested with the aim of applying the model to the Republic of Croatia, countries in the region, and other European countries, to achieve a higher level of absorption of financial resources from the available EU funds. Data for the empirical analysis were collected using a highly structured survey questionnaire completed by a sample of 244 respondents involved in the preparation and implementation of EU-funded projects. The contribution of economic science in theoretical terms arises from the development of scientific knowledge and ideas about the importance of increasing the number of development projects that will increase the absorption of funds from the European Union, thereby increasing economic activities in Croatia and the region. The expected contribution of economic science in the applied sense is based on the formulation of the “Regional Development Model Based on EU Funds”, which is based on the application of knowledge, good practices, and stakeholder experiences, considering relevant indicators from available sources. The greatest contribution is demonstrated through testing the “Regional Development Model Based on EU Funds”, which is applicable to the Republic of Croatia, countries in the region, and other European countries over a longer period. Finally, research into the impact of EU funds on the regional development of recipient countries is considerably less represented and very modest, and is only in the “upswing” of systematic scientific research. The research aims to fill the gaps in research and to encourage the thinking of key stakeholders responsible for regional development, who should eventually realize the importance of defining a regional policy aimed at EU funds as a key to regional development and reducing regional disparities within countries.

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Section: Literature Reviewmentioning

confidence: 99%

Application of Successful EU Funds Absorption Models to Sustainable Regional Development

Šostar,

Ristanović,

de Alwis

2023

Economies

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“…On the other hand, the difficulties of integrating the results of individual interventions' evaluations, in order to draw conclusions in the context of evaluation of the CP as a whole, are significant (Rogers et al, 2015cited in HM Treasury, 2020 "Supplementary Guide: Handling Complexity in Policy Evaluation", 9). Thus, the CP has been evaluated more than any other EU policy (Bachtler & Wren, 2006;Butkus et al, 2020;Naldini, 2018;Pelucha et al, 2019), since it is recognized that evaluation contributes toward the improvement of planning, implementation, and accountability as well as the stakeholders' empowerment (Batterbury, 2006; European Commission [EC], 2017a, 53). However, recent research studies on the role of the evaluation of the CP point out that despite significant efforts by the EU member states (MS) and the regions, the quality of evaluations has improved slowly and unevenly, while their findings have not been utilized sufficiently (EC, 2019a;Greunz, 2018;Naldini, 2018;Pellegrin & Colnot, 2020;Stern, 2020;Ward, 2020).…”

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confidence: 99%