The significance of the absorption of EU funds in the socio-economic development of the subregions of Poland, the Czech Republic, and Slovakia
The significance of the absorption of EU funds in the socio-economic development of the subregions of Poland, the Czech Republic, and Slovakia

Summary/Abstract: Within the EU cohesion policy, higher and lower developed regions, taking into account onlyGDP per capita, are subcategorised. Based on that, areas qualifying for obtaining support fromaid programs of the general EU budget are established. The aim of the article is to attempt tospecify the co-dependency between the absorption of EU funds and the changes in the level of socio-economic development in the regional dimension. The research was conducted at the level of95 NUTS-3 units in Poland, the Czech Republic, and Slovakia in three stages. In the first stage, thelevel of the development of the subregions in Poland, the Czech Republic, and Slovakia is exhibited,subcategorising three factors of that growth based on 31 indicators: “the society”, “the economy”,or “the natural environment”. In the second stage, the variation in the absorption of EU funds inthe researched units is demonstrated. In the third stage, the co-dependencies between the extentof the absorption and the changes in the development within the arrangement of the factors of thatdevelopment are specified. In the article, a hypothesis is verified according to which the absorptionof the EU funds impacted, above all, the development of “the economy” component. As a resultof the examination conducted, it has been concluded that the absorption of EU funds impacted thechanges in the level of the development of the “economy” sector to the largest extent. It confirms theproper direction of the EU fund intervention, which was made accessible above all to the benefit ofthe development of that factor.

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