Evaluation Synthesis of Efficiency Measurements of Cohesion Funds at the Level of Member States and of the EU

Abstract

The key concepts of EU regional development policy are: absorption, efficiency, impact and effectiveness of use. These indicators describe the functioning of the policy both at EU and Member State level. As a result of the economic crisis, we see a shift in focus towards high-quality spending. This is confirmed by the fact that for the first time in the history of the EU and of its cohesion policy, the funding framework has been reduced. The author aims at comprehensive processing and synthesizing the literature and methodology of international measurement focused on efficiency of the grants.