Efekty statni podpory podniku
In: Politická ekonomie: teorie, modelování, aplikace, Band 54, Heft 2, S. 204-213
ISSN: 0032-3233
The aim of the article is to describe theoretical concepts related to the effects of state subsidies on enterprises & to discuss the magnitude & effect of state aid on enterprises during the transformation of the Czech economy. Subsidies to enterprises during transformation were high, often transparent, & above the European Union average. During 1997-2003 registered state aid reached 362 bn. CZK. More than 90 percent of the total registered state aid went to awards the rescue & restructuring of enterprises. It can be roughly estimated that during 1997-2000 state aid was twice as high as officially registered. Share of state aid to enterprises in public debt increased & reached 70 percent by 2003. Non-transparent channels of state aid distribution decrease the efficiency of state aid, as they distort market signals & decrease motivation for fair competition. Tables, Graphs, References. Adapted from the source document.