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2019 | 7 | nr 1 Toward an Inclusive, Entrepreneurial and Economically Sustainable Future for Developing and Central Eastern European Countries | 85--102
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The Use of EU Funding in the Development of Local Economic Activity Zones

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The paper concerns the assessment of the economic effectiveness of the use of EU funds (Regional Operational Programme of the Silesian Voivodeship 2007-2013) in the development of local economic activity zones. Research (in the form of an analysis of literature, reports and statistical data) and empirical work (case study and interviews evaluating seven selected zones in the Silesian Voivodeship) indicate that EU projects serving the development of economic activity zones show a high level of economic efficiency, which results mainly from the high level of subsidies (85%). The development of zones generates socioeconomic multiplier effects, which may be precisely measured only over a longer time period. Subsidies, thanks to which infrastructure is created, are nonetheless only a base for stimulating entrepreneurship. A necessary complement thereof is economic promotion and efficient investor service by communes. (original abstract)
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