出版社：Urad za Makroekonomske Analize in Razvoj (UMAR) / Institute of Macroeconomic Analysis and Development (IMAD)
摘要：Whether subsidies are advantageous
or detrimental is a common
topic of economic debates. The
predominating arguments and
empirical evidence show that
subsidies are detrimental rather
than advantageous to market
economies. On the other hand,
however, there is also increasing
evidence that clearly targeted
subsidies (e.g. for research and
development or worker training)
can stimulate economic competitiveness
and have a favourable impact
on economic growth and development.
Since subsidies also serve
as an alternative mechanism for
tackling other economic problems,
they are also used in cases when
they are not highly effective in
terms of economic growth and
development but represent the
lesser evil in comparison with other
economic instruments at hand.
Slovenia's share of subsidies in
gross domestic product is higher
than the EU average. Their
effectiveness, however, has not
been sufficiently analysed. The
paper is a case study of the
effectiveness of subsidising firms
in Slovenia. A comparison of the
performance of firms that receive
subsidies and those that do not
within the same industry shows
that on the whole the recipients
of subsidies generate lower value
added per employee. On average,
subsidised firms thus perform
worse than other non-subsidised
ones. Therefore, it appears that
subsidies are granted to weaker
firms and/or that they do not
produce the desired effects.
Naturally, this conclusion cannot
be accepted on the basis of such
basic (and static) comparisons. It
does, however, pose a challenge for
an in-depth econometric analysis
that will examine whether
subsidies actually produce the
results for which they were
provided.
