公共补贴对投资和增长的影响:关于评价、选择和监测的政策

IF 3.5 2区 经济学 Q1 ECONOMICS Journal of Policy Modeling Pub Date : 2023-09-01 DOI:10.1016/j.jpolmod.2023.09.003
László Kállay , Tibor Takács
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引用次数: 1

摘要

公共补贴是经济发展的常用工具,通常被提供给商业部门,假设它能促进投资、就业和创收。本文提出了一个基于微观经济模型的实证分析,显示了公共补贴对经济增长的可能影响。结果是通过调查有和没有公共补贴的企业的投资决策得出的。事实证明,公共补贴可能会增加社会福利,但在某些情况下,也可能会减少社会福利,部分原因是决策当局没有考虑决定结果的投资项目信息。对企业补贴的实证分析证明,这两种情况都存在。表现良好且可能没有足够自有资源为投资提供资金的公司数量不到所有补贴公司的10%。这些计划对经济增长产生了全面的负面影响。我们就如何修改评估、项目选择和监测方法以获得更好的补贴计划结果提出了建议。
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The impact of public subsidies on investment and growth: Policy about evaluation, selection and monitoring

Public subsidy, a frequently applied tool of economic development is often provided to the business sector assuming that it promotes investments, employment, and income generation. In this paper a micro economic model based empirical analysis is presented that shows the possible impact of public subsidy on economic growth. The outcomes are derived by investigating the investment decision of the enterprise with and without public subsidy. It is demonstrated that public subsidy may increase social welfare, but under certain circumstances it also may decrease it, partly because authorities deciding about them fail to consider the information on the investment projects that determines the outcome. The empirical analysis of corporate subsidies proves that both cases occur. The number of firms that performed well and presumably had not enough own resources to fund the investment was less than 10% of all subsidized firms. The programs had an overall negative impact on economic growth. We provide recommendations on how methods of evaluations, project selection and monitoring should be modified to achieve better results of subsidy programs.

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来源期刊
CiteScore
6.20
自引率
11.40%
发文量
76
期刊介绍: The Journal of Policy Modeling is published by Elsevier for the Society for Policy Modeling to provide a forum for analysis and debate concerning international policy issues. The journal addresses questions of critical import to the world community as a whole, and it focuses upon the economic, social, and political interdependencies between national and regional systems. This implies concern with international policies for the promotion of a better life for all human beings and, therefore, concentrates on improved methodological underpinnings for dealing with these problems.
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