A Monte Carlo method simulation of the European funds that can be accessed by Romania in 2014-2020

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dc.contributor.authorSăvoiu, Gheorghe
dc.contributor.authorBurtescu, , Emil
dc.contributor.authorDinu, Vasile
dc.contributor.authorTudoroiu, Ligian
dc.contributor.otherEkonomická fakultacs
dc.date.accessioned2017-10-02
dc.date.available2017-10-02
dc.date.issued2017-10-02
dc.description.abstractThe authors dealt with finding some relevant simulation solutions for the value of the European funds that can be accessed by Romania in the second budget cycle (2014-2020) of the European Union (EU), in which the national economy is participating after the 2007 accession. The article presents, in a brief conceptual introduction, the option for simulation, not only as economical and statistical alternative but also as conceptual and technical method, followed by an analysis section for the EU funds accessed by Romania in the 2007-2013 financial period and in the first three years of 2014-2020 financial period, with a role in generating hypotheses and scenarios of a type of modelling the process of accessing and specific absorption (including all types of rates, from the current absorption rate to the actual rate, with revenue in advance, etc.). A methodology section describes the rationale for selecting the method of simulation as Monte Carlo, and also the main hypotheses, detailed scenarios and integrated characteristic variables. The scenario-making eventually shaped three options by combining criteria of stability/instability, nuanced by optimistic/ pessimistic type scenarios. The analysis of the variables described by a probability distribution was conducted statistically on several types of samples simulated by the Monte Carlo method, from 100 draws to 200; 300; 400; and finally 500 and 1,000 draws. A presentation of the final simulation results and a number of major comments regarding their calibration, confrontation, clarity and statistical analysis, together with some final remarks as conclusions, limitations and perspectives, end the research approach.en
dc.formattext
dc.format.extent17 s.cs
dc.identifier.doi10.15240/tul/001/2017-3-002
dc.identifier.eissn2336-5604
dc.identifier.issn1212-3609
dc.identifier.urihttps://dspace.tul.cz/handle/15240/20912
dc.language.isoen
dc.publisherTechnical university of Liberec, Czech Republicen
dc.publisherTechnická Univerzita v Libercics
dc.publisher.abbreviationTUL
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dc.relation.ispartofEkonomie a Managementcs
dc.relation.ispartofEconomics and Managementen
dc.relation.isrefereedtrue
dc.rightsCC BY-NC
dc.subjectsimulationen
dc.subjectMonte Carloen
dc.subjectEuropean funds earmarkeden
dc.subjectEU funds accesseden
dc.subjectthe current absorption rate and the actual rateen
dc.subjectrevenue (in advance)en
dc.subject.classificationC53
dc.subject.classificationC63
dc.subject.classificationE17
dc.subject.classificationE27
dc.subject.classificationE37
dc.subject.classificationF37
dc.subject.classificationF47
dc.subject.classificationG17
dc.titleA Monte Carlo method simulation of the European funds that can be accessed by Romania in 2014-2020en
dc.typeArticleen
local.accessopen
local.citation.epage35
local.citation.spage19
local.facultyFaculty of Economics
local.fulltextyes
local.relation.abbreviationE+Mcs
local.relation.abbreviationE&Men
local.relation.issue3
local.relation.volume20
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