Evaluating the effect of state aid to business by multicriteria methods
By Romualdas Ginevicius, Valentinas Podvezko, Šarūnas Bruzgė. 2008
118 citations recorded by the source corpus.
One of the forms of state intervention in market development is state aid (subsidies) to private sector enterprises. Over the period of 2004--2006, a great part of the EU aid was granted to business in Lithuania through the EU structural funds. State aid is a complicated phenomenon. It may have several aims, with none of them being dominant. The effects of this aid may also be varied and hardly described by a single criterion or indicator. Therefore, multiple criteria evaluation methods can be used to compare the aid to various businesses and to determine its effect on their development objectively. The analysis of state subsidies to enterprises based on these methods allowed us to state that the aid had the greatest effect on the development of projects in the areas of production, research, experiments and education. The most influencing factor is aid intensity (the more intensive the aid, the greater the effect), while the best ratios of investments to the effect obtained was found in the area of educational projects, followed by research, experimental and production projects. The aid to enterprises providing services was the least effective. The results obtained in multicriteria evaluation of state aid to business show that these methods are well suited to the analysis of this phenomenon, providing an objective view of the picture.
Subfields: Economics and Econometrics, Law, Political Science and International Relations
View Paper: https://www.semanticscholar.org/paper/ad0f77276b9cd3f8359ce612223c460adccaec94
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In Economics and Econometrics
- Valentinas Podvezko
- Saulius Raslanas
- Romualdas Ginevicius
- Edmundas Kazimieras Zavadskas
- Zenonas Turskis
In Law
In Political Science and International Relations
Citations in the corpus
- The Comparative Analysis of MCDA Methods SAW and COPRAS (2011, unknown): “The solution of the problem associated with the comparative analysis of five different building technologies (Ginevicius et al. 2008b), where more than a half (five) of the nine evaluation criteria were minimizing, has also shown that the evaluation results yielded by the above two methods differ…”
- Evaluating the alternative solutions of wall insulation by multicriteria methods (2008, methodology): “The concordance level can be determined by Kendall’s concordance coefficient W (Kendall 1970; Zavadskas, Vilutienė 2006; Zavadskas, Kaklauskas 2007; Podvezko 2005, 2007; Kaklauskas et al. 2006; Ginevičius et al. 2008).”