Eu funds for New Member States from a macroeconomic perspective
Eu funds for New Member States from a macroeconomic perspective
Author(s): Ryszard WilczynskiSubject(s): Economy, National Economy, EU-Accession / EU-DEvelopment
Published by: Akadémiai Kiadó
Keywords: Structural and Cohesion Funds; nominal and real convergence; new member states; absorption and utilisation of EU funds; macroeconomic policy;
Summary/Abstract: New Member States (NMS) are receiving large and increasing volumes of EU transfers that affect the process of convergence between the EU economies. Growth benefits from EU funds, related to a real convergence, depend strongly on the absorption and utilisation of the transfers, with the priority to finance investments. EU transfers bring opportunities as well as challenges for the process of nominal convergence between NMS and the EMU economies. The intervention highlights the argument that macroeconomic policies oriented towards a sustainable growth, close to its potential, help new members maximise benefits from EU funds.
Journal: Society and Economy. In Central and Eastern Europe ǀ Journal of the Corvinus University of Budapest
- Issue Year: 30/2008
- Issue No: 2
- Page Range: 359-367
- Page Count: 9
- Language: English