Slovak Republic: Selected Issues

March 23, 2017

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Slovak Republic: Selected Issues, (USA: International Monetary Fund, 2017) accessed November 21, 2024

Summary

This Selected Issues paper uses the case of the Slovak Republic to investigate how European Union (EU) countries can make optimal use of EU funds to reduce regional disparities. The findings suggest that high-quality government and a more educated population lead to better absorption of EU funds. There is also evidence that absorption increases when spending is more decentralized. Regions with a sufficient level of human capital and adequate institutions are more likely to spend the allocated funds efficiently and to experience growth as a result. With appropriate administrative and governance capacities, fighting corruption should therefore be the priority to speed absorption and allow for higher-quality projects.

Subject: Absorptive capacity, Aging, Balance of payments, Expenditure, Health care spending, Pension spending, Population and demographics, Production, Total factor productivity

Keywords: Absorptive capacity, Aging, B. EU, CR, EU allocation, EU Cohesion Policy, EU funds, EU transfer, Europe, Expenditure, Global, Health care spending, ISCR, Pension spending, Slovakia, Total factor productivity

Publication Details

Pages:

32
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/072
Stock No:

1SVKEA2017002
ISBN:

9781475587937
ISSN:

1934-7685

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