Efficiency of Effectiveness? The Hungarian Practice of Using the EU Funds

Nagy, Sándor Gyula (2008) Efficiency of Effectiveness? The Hungarian Practice of Using the EU Funds. Society and Economy, 30 (2). pp. 259-274. DOI 10.1556/SocEc.30.2008.2.7

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Efficiency or effectiveness? It not just the matter of definition. Experts and researchers have to make a difference between the qualitative and quantitative approach. The efficiency of EU subsidies means the ratio of the committed and disposable amount of EU subsidies can be measured, which was used and paid out within the given timeframe and along the legal regulations. The effectiveness of EU subsidies needs a much more complicated and complex approach than efficiency. The effectiveness of usage on a project level can be measured by the ‘added value’ of the project; and on the programme level by the added GDP growth or employment rate. The following research essentially analyses the project level or micro-effectiveness, however, it discusses the results of some macro-analyses as well (qualitative approach).

Item Type:Article
Uncontrolled Keywords:EU Structural Funds, efficiency, effectiveness, measurement, Hungary
Divisions:Faculty of Economics > Department of World Economy
Subjects:Economic policy
Regional economy
Projects:OTKA NI 68085
ID Code:940
Deposited By: Ádám Hoffmann
Deposited On:15 Oct 2012 15:11
Last Modified:13 Dec 2021 09:47

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