Assessing European Social Fund efficiency in Romania, A Linear Regression Model.

As a part of European funding in Romania, the European Social Fund (ESF) has always to be subject of efficient spending. Assessing its efficiency is about how financed budgets are correlated with program's associated indicators for each call of proposal. The managing authority is establishing a set of rules that should allow European Commission as the donor and the general public as last instance beneficiary that funds are spend within selected and reimbursed budgets in an efficient manner. Efficiency in ESF funded projects can be assessed by using a linear regression model to describe applicants behaviours, to conclude about spending budgets and to propose further improvements is possible, as conclusions of this paper shows. Conclusions may be subject of further developments by interested researchers and also by other interested parties in current sound financial implementation of ESF in Romania: managing authority personnel, external public auditors, internal auditors, beneficiaries' financial managers. [ABSTRACT FROM AUTHOR]