Projects / Programmes
Učinek vladnih protikriznih ukrepov na delovanje podjetij v pogojih gospodarske recesije (Slovene)
| Code |
Science |
Field |
Subfield |
| 5.02.01 |
Social sciences |
Economics |
Economy sciences |
| Code |
Science |
Field |
| 5.02 |
Social Sciences |
Economics and Business |
Researchers (10)
Organisations (1)
Significance for science
Methodology: the research project developed a holistic methodology aplicable to broad range of policy evaluation issues indifferent economic and social areas. Methodology is based on the application of numerous distinct, perplexing and mutually complementary quantitative methods that range from simple dynamic summary statistics to different versions of matching evaluation techniques (propensity score matching, coersened exact matching, difference-in-differences...) and dynamic panel regression models (system GMM).
Theory: the research surveys a broad strand of empirical literature on the determinants of firm growth in general and firm growth during the crisis in particular. Theoretical knowledge on the behaviour of firms in stressful situations like financial and economic crisis is crucial for the ability to form effective and efficient policy measures.
Empirical resuts: the results of the study test a wide range of determinants of firm growth and focuses on the effectiveness of anticrissi state aid. It revealed a perverse efect of measures given to firms during 2008-2010 in which the recipients decreased employment by more than non-recipients and at the sam time increased wages by more than those firms, although this is contrary to initial aims of the majority of measures provided. Results also indicate that the degree of internationalization (outward and inward) is crucial for improving the effectiveness of state aid absorbtion in recipients as well as for their general resistance to economic downturn.
Data: the research group gathered and linked together several world-class databases on the firm-level that combines multiple population-wide and survey-based firm characteristics. The combined database can be highly valuable for other research purposes as it includes firm financial statements, trade data, FDI data, innovation data, gross investment data, state aid data, and ICT use data.
Significance for the country
Project has contributed to:
-better understanding of the determinants of firm growth in the period of economic downturs and firms' restistance on the crisis
-better understanding on the effects of anti-crisis state aid on different firm performance measures
-identification of major obstacles and imperfections in state measures that inhibit and distort the actual outcomes of government grants
-development of a holistic methodology aplicable to broad range of policy evaluation issues indifferent economic and social areas in Slovenia and worldwide
-creation of quality meta database on the firm-level that combines multiple population-wide and survey-based firm characteristics. The combined database can be highly valuable for other research purposes
-identification of many research questions and future issues to be resolved in the future design and implementation of state aid programs
-the ability to directly inform and influence the policymaking institutions with which all of the research members continously cooperate
-the ability to disseminate the findings to wider public through teaching process in which the majority of group members is involved at the University of Ljubljana.
Most important scientific results
Final report
Most important socioeconomically and culturally relevant results
