EU-funds efficiency and the first National Development Plan in Hungary 2004-2006

Nagy, Sándor Gyula (2008) EU-funds efficiency and the first National Development Plan in Hungary 2004-2006. Transition Studies Review, 15 (2). pp. 211-224. DOI 10.1007/s11300-008-0009-2

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The author highlights the importance of the difference between the efficiency and effectiveness of using the EU-subsidies. If Hungary cannot use the financial means of the EU efficiently and effectively, then the goal of cohesion and convergence to the level of the old, developed countries of the EU, will be much more difficult and slower. The efficiency of the EU-subsidies involves a quantitative approach, where the ratio of the obliged and disposable amount of EU-subsidies can be measured. The effectiveness of EU-subsidies, on the other hand, requires a much more complicated and complex approach, than the efficiency. The effectiveness of the usage on a project level can be measured by the “added value” of the project; on program level it can be measured by the added GDP growth or employment. The article presents the results of research carried out in the Research Group of Professor Tibor Palánkai at Corvinus University of Budapest, Hungary.

Item Type:Article
Uncontrolled Keywords:structural funds, EU-subsidy, measuring efficiency, cohesion, Hungary
Divisions:Faculty of Economics > Department of World Economy
Subjects:Economic development
Regional economy
ID Code:943
Deposited By: Ádám Hoffmann
Deposited On:16 Oct 2012 13:24
Last Modified:18 Oct 2021 10:18

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