The European Union uses large-scale fiscal transfers to national and regional levels to foster economic and social cohesion. This paper gives an ex-ante model-based analysis of the potential macro-economic impact of these fiscal transfers between member states as planned under the Cohesion...

The cohesion policy adopted by European Union can not materialize without the existence of structural funds. The economic and social disparities between the member countries of European Union and between the regions of EU, too, is reduce through these instruments. The integration of Romania in...

The aim of this paper is to explain Foreign Direct Investment of German enterprises. The theory of Foreign Direct Investment identifies a variety of location-specific, strategic, financial, as well as other motives which firms have in order to become multinationals. We apply the above...

This present article proposes to advance the general framework of the Economical and Social Cohesion Policy promoted by the EU. It presents the main instruments and outlines used to promote this policy. Analyzing the effects produced by Structural Funds, both positive and negative, on other...

The recent agreement on financial perspective 2007-2013 provided new member states with substantial cohesion resources to speed up their real convergence process. The primary objective of the paper is to explore key policy issues, faced by new member states, if they want to successfully absorb...

The member states which accessed the European Union in 2004 and 2007 progressed through similar financing cycles during the pre-accession period by applying the EU specific principles of positive conditionality. The beneficial effects of the pre-accession financing relied on specific instruments...

The aim of the European Union's cohesion policy is to reduce development inequalities between the regions of the Member States and to increase economic, social, and territorial cohesion. Expenditures on it account for one-third of the European Union (EU) budget. Therefore, the appropriate and...

The aim of the European Union's cohesion policy is to reduce development inequalities between the regions of the Member States and to increase economic, social, and territorial cohesion. Expenditures on it account for one‑third of the European Union (EU) budget. Therefore, the appropriate and...

The establishment of the European Union marked the beginning of a new era, the EU Member States have in present many benefits in this regard: free market, effective trade, enhanced security, economic cohesion, sustainable development, protecting human rights, job creation etc. With all these...

EU structural funds are available to EU member states that have the need for additional investments in a balanced and sustainable economic and social development. Structural Funds are in function of EU Cohesion Policy, which aims at achieving economic and social cohesion as well as harmonious...