The Socio-economic Impact of European Funds on Eastern European Countries

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Abstract

European Funds are considered to be o reliable solution for emerging economies from Eastern Europe. These funds are granted by European Union to reduce the gap between countries and to ensure a harmonized development at the level of this group of countries that decided to act together as a united economic entity. In fact, European Funds are previously obtained from taxes applied to all European citizens and redistributed by European Institutions in accordance with predefined principles and rules. The redistributive effect is always present in such situation and has clear impact on economies that are net paying for these funds and on economies that are net benefiting from them. This paper presents the results of a quantitative analysis at the level of ten Eastern European Countries (EEC countries) on the social and economic impact of these funds based on panel regression methodology.

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