THE ABSORPTION CAPACITY OF EUROPEAN FUNDS – CONCEPTS

Abstract

After the burst of the economic and financial crisis, a growing number of member countries of The European Union, mainly the new member countries, have been concentrating on the absorption of the community funds, with the purpose of reestablishing the economic growth. An overview of the academic literature in terms of absorption of European Union structural and cohesion funds points out a lack of an appropriate and conceptual framework, while the subject related to the selection of viable options to manage these funds is even less approached.

Keywords

• cohesion policy
• absorption rate
• absorption capacity
• macroeconomic analysis
• the administrative capacity
• the macroeconomic absorption capacity