MODELING THE IMPACT OF THE EUROPEAN COHESION POLICY UNDER THE PRESENT CRISIS
MODELING THE IMPACT OF THE EUROPEAN COHESION POLICY UNDER THE PRESENT CRISIS

Summary/Abstract: The paper deals with the idea of quantifying the impact of the European Funds on the Member States during the present crisis. Why? Because more politicians and economists consider that these funds are able to support the recovery of those economies which are most affected by the crisis and one of these economies is Romania. Nowadays, the methodological framework of the European Commission connected to the impact of the Cohesion Policy is made by three different economic models: Hermin, EcoMod and Quest.

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