Abstract.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 infl uencing 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.
A B S T R A C T Objective:The objective of this article is to demonstrate an option of quantitative assessment of the status of an isolated complex target object. Research Design & Methods: Review of scientific literature, an analysis of statistical data and methods applied in the theory of multiple criteria have been used for the purpose of this research. Findings: The calculations have revealed that the proposed methodology is suitable for addressing real tasks. This methodology allowed the identification of unused potential of economic development in each region. Implications & Recommendations:The proposed methodology can be applied to determine the current situation of regional economic development of a country. This could help plan the investment for country regional development . Contribution & Value Added:Up to now the goal of multi-criteria valuation was to determine the priority of analysed variants. In order to determine the economic development of separate regions during the period in question, a different method of normalisation of values was employed than the one normally used in multi-criteria valuations. The originality of this work lies in the assessment of the status of an isolated process at a given moment of time. Article type:research article
Disertacija ginama eksternu. Mokslinis konsultantas prof. habil. dr. Romualdas GINEVIČIUS (Vilniaus Gedimino technikos universitetas, ekonomika-04S). Vilniaus Gedimino technikos universiteto Ekonomikos mokslo krypties disertacijos gynimo taryba: Pirmininkas prof. habil. dr. Aleksandras Vytautas RUTKAUSKAS (Vilniaus Gedimino technikos universitetas, ekonomika-04S). Nariai: prof. habil. dr. Borisas MELNIKAS (Vilniaus Gedimino technikos universitetas, ekonomika-04S), prof. habil. dr. Remigijs POČS (Rygos technikos universitetas, ekonomika-04S), prof. habil. dr. Ona Gražina RAKAUSKIENĖ (Mykolo Romerio universitetas, ekonomika-04S), prof. dr. Manuela TVARONAVIČIENĖ (Vilniaus Gedimino technikos universitetas, ekonomika-04S). Disertacija bus ginama viešame Ekonomikos mokslo krypties disertacijos gynimo tarybos posėdyje 2014 m. gegužės 12 d. 14 val. Vilniaus Gedimino technikos universiteto senato posėdžių salėje.
The effect of market regulation tools on business is a complex phenomenon, and the after-effects of such regulation could be both favourable and adverse. The enhancement of the positive effect is a scientific task, which requires a systematic approach. In order to find a solution to this problem, it is necessary: a) to identify the relevant factors; b) to make a coherent evaluation of these factors and their influence on the phenomenon under investigation; c) to establish the optimal form and extent of the SRB (State Regulation of Business) tool required for the achievement of the desired results. The study analyses aims of economic regulation and business management from the point of view of a state. It also examines the practice in economic research and evaluation of EU Structural Funds in Lithuania and abroad. The research is focused on problems caused by state subsidies for business enterprises as one of the forms of SRB. The research also focuses on possibilities to enhance the effectiveness of business regulation. The main objects of this study are: state subsidies for business enterprises as a form of state intervention in the market, and the possible correlation between the specifications of subsidies and their effect on business. The evaluation presented in this study proved that EU subsidies had a direct positive influence on the effect of subsidies. The research into the influence of various subsidy criteria on the effect of subsidies revealed that a greater effect results from the rate rather than the size of funding.
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