Public sector‘s subsidies to business – suitability valuation of labor market support measures

Abstract

This scientific article explores the growing unemployment rate and its regulation through government's subsidies to businesses since it is one of the major economic issues countries currently face. The number of various State-run job creating programs is increasing in Lithuania as in many other countries. This is an important factor to all businesses, since labor costs often comprise a large part of company's expenses. The analysis of the labor costs generally are associated with two aspectstax burden related to wages is important not only to companies, which try to minimize their expenses, maximize profit and achieve operational effectiveness, but also to public sector, which tries to collect more tax revenues to national budget and different funds. Therefore, the authors of this article identify State-run job creating programs and perform their comparative analysis. The results of the performed analysis show, that plethora of job creating programs exist in Lithuania, the implementation and use conditions of which are provided by different public sector institutions. Therefore, with the help of comparative analysis results, authors present specific recommendations to private sector in respect to effectiveness and impact of public sector's support.

Illegal Trafficking and Unsustainable Waste Management in Italy: Evidence at the Regional Level

“…Following the economics of crime literature (Becker 1968;Ehrlich 1973;Levitt 1999;Polinsky and Shavell 2000;Stańczyk 2011;Lankauskienė, Tvaronavičienė 2012;Šileika, Bekerytė 2013;Račkauskas, Liesionis 2013;Tunčikienė, Drejeris 2015;Giriūnas, Mackevičius 2014;Giriūnienė 2013), it is well known that people will commit a crime if the gain exceeds their (opportunity) costs. In our case, the illegal trafficking of waste arises when higher profits are expected compared to legal options of recycling or disposal, combined with regulatory or enforcement failure.…”

Foreign Direct Investment: Driving Factors and Outcomes for Secure and Sustainable Development

“…Hence, we suggest a comparatively new question, which should be investigated and answered: what causes FDI outflow and what impact such outflow has for secure and sustainable development on foreign capital recipient country (e.g. increase of indebtedness (Baikovs, Zariņš 2013); need for subsidies (Giriūnienė 2013); unsustainability of some industrial sectors (Laužikas, Krasauskas 2013;Tvaronavičienė 2014); enhanced need for new strategies (Laužikas, Mokšeckienė 2013;Laužikas, Krasauskas 2013;Wahl, Prause 2013; De Alencar, Almeida 2013).…”

Management of Public Private Partnership in Education: Aspects of Public Sector Training Sustainability Issues

“…The growing expectations and new requirements for the public sector public servants requires continuous improvement of the staff competence. In order to meet rationally and efficiently growing needs of the public sector it is forced to find new ways of services improvement (Čepėnaitė, Kavaliūnaitė 2013;Šimelytė, Antanavičienė 2013;Baikovs, Zariņš 2013;Giriūnienė 2013;Bileišis 2014;Garškaitė-Milvydienė 2014;Figurska 2014;Lankauskienė 2014;Vasiliūnaitė 2014). Therefore public sector have to implement permanent reforms (Osborne 2008).…”