An Assessment of Post-COVID-19 EU Recovery Funds and the Distribution of Them among Member States

The European Commission has launched numerous recovery plans for Member States to try to mitigate the damage caused by COVID-19. The most important element of this program is the Recovery and Resilience Facility (RRF), which is worth EUR 672.5 billion in loans and grants. Seventy per cent of the RRF...

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Autores principales:	María-Dolores Guillamón, Ana-María Ríos, Bernardino Benito
Formato:	article
Lenguaje:	EN
Publicado:	MDPI AG 2021
Materias:	recovery funds COVID-19 European countries allocation criteria Risk in industry. Risk management HD61 Finance HG1-9999
Acceso en línea:	https://doaj.org/article/012b763df3a24ad49d0b9b5b24c2cdb4
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spelling	oai:doaj.org-article:012b763df3a24ad49d0b9b5b24c2cdb42021-11-25T18:08:43ZAn Assessment of Post-COVID-19 EU Recovery Funds and the Distribution of Them among Member States10.3390/jrfm141105491911-80741911-8066https://doaj.org/article/012b763df3a24ad49d0b9b5b24c2cdb42021-11-01T00:00:00Zhttps://www.mdpi.com/1911-8074/14/11/549https://doaj.org/toc/1911-8066https://doaj.org/toc/1911-8074The European Commission has launched numerous recovery plans for Member States to try to mitigate the damage caused by COVID-19. The most important element of this program is the Recovery and Resilience Facility (RRF), which is worth EUR 672.5 billion in loans and grants. Seventy per cent of the RRF grants will be distributed between 2021 and 2022, with the remaining 30 per cent in 2023. The allocation of grants for the period 2021–2022 has been made according to different socioeconomic criteria. In this context, the aim of our work is to assess the recovery policies jointly developed by EU countries and to analyze which of the criteria adopted for the allocation of the grants included in the RRF for the period 2021–2022 has been most decisive in the distribution of these funds. In addition, we also examine whether other health indicators directly related to the pandemic can also be related to the amount of funding that EU countries will receive in this period by carrying out regression analysis. Our results show that the countries that will receive more RRF grants are those with larger populations, Gross Domestic Product (GDP) per capita and higher unemployment rates. Furthermore, it is noted that health criteria, as well as those of a socioeconomic nature, may be relevant in the allocation of recovery funds. In this way, our results can be the start of a debate in the literature on whether the socioeconomic criteria adopted in the distribution of these funds have been appropriate. or whether other criteria, such as those of a health nature, should have been taken into account.María-Dolores GuillamónAna-María RíosBernardino BenitoMDPI AGarticlerecovery fundsCOVID-19European countriesallocation criteriaRisk in industry. Risk managementHD61FinanceHG1-9999ENJournal of Risk and Financial Management, Vol 14, Iss 549, p 549 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	recovery funds COVID-19 European countries allocation criteria Risk in industry. Risk management HD61 Finance HG1-9999
spellingShingle	recovery funds COVID-19 European countries allocation criteria Risk in industry. Risk management HD61 Finance HG1-9999 María-Dolores Guillamón Ana-María Ríos Bernardino Benito An Assessment of Post-COVID-19 EU Recovery Funds and the Distribution of Them among Member States
description	The European Commission has launched numerous recovery plans for Member States to try to mitigate the damage caused by COVID-19. The most important element of this program is the Recovery and Resilience Facility (RRF), which is worth EUR 672.5 billion in loans and grants. Seventy per cent of the RRF grants will be distributed between 2021 and 2022, with the remaining 30 per cent in 2023. The allocation of grants for the period 2021–2022 has been made according to different socioeconomic criteria. In this context, the aim of our work is to assess the recovery policies jointly developed by EU countries and to analyze which of the criteria adopted for the allocation of the grants included in the RRF for the period 2021–2022 has been most decisive in the distribution of these funds. In addition, we also examine whether other health indicators directly related to the pandemic can also be related to the amount of funding that EU countries will receive in this period by carrying out regression analysis. Our results show that the countries that will receive more RRF grants are those with larger populations, Gross Domestic Product (GDP) per capita and higher unemployment rates. Furthermore, it is noted that health criteria, as well as those of a socioeconomic nature, may be relevant in the allocation of recovery funds. In this way, our results can be the start of a debate in the literature on whether the socioeconomic criteria adopted in the distribution of these funds have been appropriate. or whether other criteria, such as those of a health nature, should have been taken into account.
format	article
author	María-Dolores Guillamón Ana-María Ríos Bernardino Benito
author_facet	María-Dolores Guillamón Ana-María Ríos Bernardino Benito
author_sort	María-Dolores Guillamón
title	An Assessment of Post-COVID-19 EU Recovery Funds and the Distribution of Them among Member States
title_short	An Assessment of Post-COVID-19 EU Recovery Funds and the Distribution of Them among Member States
title_full	An Assessment of Post-COVID-19 EU Recovery Funds and the Distribution of Them among Member States
title_fullStr	An Assessment of Post-COVID-19 EU Recovery Funds and the Distribution of Them among Member States
title_full_unstemmed	An Assessment of Post-COVID-19 EU Recovery Funds and the Distribution of Them among Member States
title_sort	assessment of post-covid-19 eu recovery funds and the distribution of them among member states
publisher	MDPI AG
publishDate	2021
url	https://doaj.org/article/012b763df3a24ad49d0b9b5b24c2cdb4
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An Assessment of Post-COVID-19 EU Recovery Funds and the Distribution of Them among Member States

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