{"title":"IMPACT OF THE EUROPEAN FUNDS ON BULGARIA’S ECONOMIC GROWTH AND OF THE NMS-11’S ECONOMIC GROWTH AS A GROUP","authors":"K. Durova","doi":"10.37708/el.swu.v4i2.3","DOIUrl":null,"url":null,"abstract":"The purpose of this study is to analyze the short-term and long-term relationship between European funds and economic growth in the new member states (NMS-11) as a group and Bulgaria in particular in the period 2014-2020. The influence of EU funding on the economies of NMS and Bulgaria has been assessed through a methodology based on Autoregressive Distributed Lag (ARDL) model. The research results imply that, as a public investment, the absorbed EU funds affect the economic growth of the NMS – 11 in the short term, but not in the long term. The analysis of the relationship between economic growth and the EU funds absorbtion rate in Bulgaria indicate that there is a short-term positive but not long-term impact of the absorbed EU funds on the growth rate of real GDP.","PeriodicalId":438310,"journal":{"name":"Economics & Law","volume":"37 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2022-12-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Economics & Law","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.37708/el.swu.v4i2.3","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0
Abstract
The purpose of this study is to analyze the short-term and long-term relationship between European funds and economic growth in the new member states (NMS-11) as a group and Bulgaria in particular in the period 2014-2020. The influence of EU funding on the economies of NMS and Bulgaria has been assessed through a methodology based on Autoregressive Distributed Lag (ARDL) model. The research results imply that, as a public investment, the absorbed EU funds affect the economic growth of the NMS – 11 in the short term, but not in the long term. The analysis of the relationship between economic growth and the EU funds absorbtion rate in Bulgaria indicate that there is a short-term positive but not long-term impact of the absorbed EU funds on the growth rate of real GDP.