PUBLIC AND PRIVATE CO-FINANCING OF EUROPEAN PROJECTS AND ITS CORRELATION TO REGIONAL DEVELOPMENT IN ROMANIA
Autor (i): Anca Dachin, Monica Gabriela Gherman
JEL: H54, R11, R12
Cuvinte cheie: co-financing, public-private partnership, regional development
Abstract:
The co-financing from public and private sources of the financial support from the European Union in the Member States is an expression of the public-private partnership. The private sector involvement is a factor favouring the effectiveness of the use of financial resources altogether, considering the direct incentives given to beneficiaries, who take the benefits and risks with the EU and the Member State. In Romania, given the lack of implemented standard public-private projects (PPP), the typical partnership of this kind relies on the Partnership Agreement Romania – EU, which identifies the development priorities. The paper provides an analysis of the structure of payments for projects with European support, by financial sources, in the period 2007-2016 in a regional distribution. The focus is on the assessment of the beneficiaries’ financial contribution to European projects and its correlation to the regional economic development.
The co-financing from public and private sources of the financial support from the European Union in the Member States is an expression of the public-private partnership. The private sector involvement is a factor favouring the effectiveness of the use of financial resources altogether, considering the direct incentives given to beneficiaries, who take the benefits and risks with the EU and the Member State. In Romania, given the lack of implemented standard public-private projects (PPP), the typical partnership of this kind relies on the Partnership Agreement Romania – EU, which identifies the development priorities. The paper provides an analysis of the structure of payments for projects with European support, by financial sources, in the period 2007-2016 in a regional distribution. The focus is on the assessment of the beneficiaries’ financial contribution to European projects and its correlation to the regional economic development.
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