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Государственная поддержка бизнеса в период пандемии: оценка эффективности
Th e article presents a cross-country analysis of the eff ectiveness of the principal business support strategies deployed during the COVID-19 pandemic. Th e research builds on existing literature on the relevant issues. Th e substantial details of the anti-crisis support provided to businesses in diff erent countries have been revealed. Th e evidence indicates that the volume of anti-crisis support and its coverage of business was, in general, more substantial in high-income countries. Conversely, the analysis does not indicate that the implementation of comparable support measures in high-income countries was more eff ective than in other countries. Th e eff ectiveness of various business support instruments in diff erent countries was predominantly determined by their design and the selection of recipients. In a number of cases, government support was focused on successful companies, which corresponds to the developmental state model. However, this was typical only for some countries (including Russia) and the measures they implemented. Th e most demanded measures for businesses during the pandemic were those that helped to reduce the liquidity defi cit. Both researchers and representatives of the authorities have provided positive evaluations of the eff ectiveness of such measures. Th e analysis shows that when implementing anti-crisis policy, it is essential to strike a balance between addressing social and economic challenges, supporting vulnerable fi rms most aff ected by the crisis, and stimulating the development of high-performing fi rms to ensure sustainable economic growth.