EUROPEAN FUNDS AND REGIONAL GDP DYNAMICS IN ROMANIA. CASE STUDY: NORTH-WEST REGION AND BIHOR COUNTY
This paper analyzes the relationship between the absorption of European funds, regional GDP dynamics, and the processes of local and regional development in Romania, with a focus on the North-West Region and Bihor County. Based on data provided by the National Institute of Statistics for the period...
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University of Oradea Publishing House
2025-07-01
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| Series: | Oradea Journal of Business and Economics |
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| Online Access: | https://anale.steconomiceuoradea.ro/en/wp-content/uploads/2025/07/Marius-Florin-MOS-Oana-Laura-NICULA-Petru-Sandru-ALBOI.pdf |
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| author | Marius-Florin MOȘ Oana-Laura NICULA Petru-Șandru ALBOI |
| author_facet | Marius-Florin MOȘ Oana-Laura NICULA Petru-Șandru ALBOI |
| author_sort | Marius-Florin MOȘ |
| collection | DOAJ |
| description | This paper analyzes the relationship between the absorption of European funds, regional GDP dynamics, and the processes of local and regional development in Romania, with a focus on the North-West Region and Bihor County. Based on data provided by the National Institute of Statistics for the period 2000–2022, the study explores how investments made through the Cohesion Policy have influenced local economic and social development. Against the backdrop of a European framework that promotes territorial convergence, the research highlights that while European funds can be an important engine of development, their impact on GDP and local development varies significantly depending on the institutional, economic, and social context of each region or county. In Bihor’s case, a steady increase in GDP can be observed, along with persistent disparities when compared to counties such as Cluj, which has succeeded in building an innovation-driven economic model focused on high added-value services. The results show a positive correlation between attracted European funds and GDP growth, though not a directly proportional one. Thus, regional and local development cannot be assessed solely through GDP indicators, but must be examined in a broader framework that includes infrastructure, access to public services, social inclusion, administrative capacity, and quality of life. The paper argues that public policies should be grounded in an integrated approach, tailored to territorial needs, and that European funds must be aligned with clear objectives of sustainable, equitable, and balanced development. |
| format | Article |
| id | doaj-art-c5dc2d606ffc4714a01fcb0e30068828 |
| institution | Kabale University |
| issn | 2501-3599 |
| language | English |
| publishDate | 2025-07-01 |
| publisher | University of Oradea Publishing House |
| record_format | Article |
| series | Oradea Journal of Business and Economics |
| spelling | doaj-art-c5dc2d606ffc4714a01fcb0e300688282025-08-20T03:32:02ZengUniversity of Oradea Publishing HouseOradea Journal of Business and Economics2501-35992025-07-0134122022810.47535/1991AUOES34(1)017EUROPEAN FUNDS AND REGIONAL GDP DYNAMICS IN ROMANIA. CASE STUDY: NORTH-WEST REGION AND BIHOR COUNTYMarius-Florin MOȘ0Oana-Laura NICULA1Petru-Șandru ALBOI2University of Oradea, Doctoral School of Economic Sciences, Faculty of Economic Sciences, The Finance – Accounting Department, Oradea, RomaniaUniversity of Oradea, Doctoral School of Economic Sciences, Faculty of Economic Sciences, The Finance – Accounting Department, Oradea, RomaniaUniversity of Oradea, Doctoral School of Economic Sciences, Faculty of Economic Sciences, The Finance – Accounting Department, Oradea, RomaniaThis paper analyzes the relationship between the absorption of European funds, regional GDP dynamics, and the processes of local and regional development in Romania, with a focus on the North-West Region and Bihor County. Based on data provided by the National Institute of Statistics for the period 2000–2022, the study explores how investments made through the Cohesion Policy have influenced local economic and social development. Against the backdrop of a European framework that promotes territorial convergence, the research highlights that while European funds can be an important engine of development, their impact on GDP and local development varies significantly depending on the institutional, economic, and social context of each region or county. In Bihor’s case, a steady increase in GDP can be observed, along with persistent disparities when compared to counties such as Cluj, which has succeeded in building an innovation-driven economic model focused on high added-value services. The results show a positive correlation between attracted European funds and GDP growth, though not a directly proportional one. Thus, regional and local development cannot be assessed solely through GDP indicators, but must be examined in a broader framework that includes infrastructure, access to public services, social inclusion, administrative capacity, and quality of life. The paper argues that public policies should be grounded in an integrated approach, tailored to territorial needs, and that European funds must be aligned with clear objectives of sustainable, equitable, and balanced development.https://anale.steconomiceuoradea.ro/en/wp-content/uploads/2025/07/Marius-Florin-MOS-Oana-Laura-NICULA-Petru-Sandru-ALBOI.pdfeuropean fundsgdplocal developmentregionsbihorconvergencecohesion |
| spellingShingle | Marius-Florin MOȘ Oana-Laura NICULA Petru-Șandru ALBOI EUROPEAN FUNDS AND REGIONAL GDP DYNAMICS IN ROMANIA. CASE STUDY: NORTH-WEST REGION AND BIHOR COUNTY Oradea Journal of Business and Economics european funds gdp local development regions bihor convergence cohesion |
| title | EUROPEAN FUNDS AND REGIONAL GDP DYNAMICS IN ROMANIA. CASE STUDY: NORTH-WEST REGION AND BIHOR COUNTY |
| title_full | EUROPEAN FUNDS AND REGIONAL GDP DYNAMICS IN ROMANIA. CASE STUDY: NORTH-WEST REGION AND BIHOR COUNTY |
| title_fullStr | EUROPEAN FUNDS AND REGIONAL GDP DYNAMICS IN ROMANIA. CASE STUDY: NORTH-WEST REGION AND BIHOR COUNTY |
| title_full_unstemmed | EUROPEAN FUNDS AND REGIONAL GDP DYNAMICS IN ROMANIA. CASE STUDY: NORTH-WEST REGION AND BIHOR COUNTY |
| title_short | EUROPEAN FUNDS AND REGIONAL GDP DYNAMICS IN ROMANIA. CASE STUDY: NORTH-WEST REGION AND BIHOR COUNTY |
| title_sort | european funds and regional gdp dynamics in romania case study north west region and bihor county |
| topic | european funds gdp local development regions bihor convergence cohesion |
| url | https://anale.steconomiceuoradea.ro/en/wp-content/uploads/2025/07/Marius-Florin-MOS-Oana-Laura-NICULA-Petru-Sandru-ALBOI.pdf |
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