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Economy and Business- Home
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Economy and Business
The assessment was made and the model was created at the request of the Ministry of Economy of the Republic of Lithuania.
On the basis of the European Commission's widely used HERMIN model, in cooperation with Dr. John Bradley (Ireland), the HERLIT-16 macroeconomic model for Lithuania was prepared. This model is valuable in the analysis of economic processes, assessment of trends, structural changes and of the impact of public policy interventions on the economy.
The created monitoring and evaluation system has made it possible to evaluate the impact of interventions administered by the Ministry of Economy on tourism, energy, business and business environment and R & D.
In 2017, the macroeconomic model HERLIT-16 was substantially updated by adapting it to NACE 2.0. national accounts classification. Also, major automation and operational model simplification solutions were implemented, allowing the Ministry of Economy to apply a tool to assess public policy interventions.
Examples
Evaluation of the Impact of EU Structural Assistance on Small and Medium Businesses
The evaluation was carried out at the request of the Ministry of Economy of the Republic of Lithuania.
The application of the counterfactual method has assessed the impact of interventions on small and medium-sized businesses. The suitability of the interventions, the efficiency of the investments and the degree of achievement of the measures according to the performance criterion were also analysed.
Monitoring Research on the Functioning of Markets
The evaluation was carried out at the request of the Ministry of Economy of the Republic of Lithuania.
According to the methodology for monitoring the functioning of the European Commission's markets, inefficiently functioning economically significant sectors have been identified. A more in-depth analysis of these sectors has identified inefficiencies and proposed solutions to increase efficiency.
Analysis of Possibilities to Standardise Public Services for Businesses and Certificate the Bodies That Provide These Services
The evaluation was carried out at the request of the Ministry of Economy of the Republic of Lithuania.
The study examined businesses’ need for various services and described services by presenting their thematic and functional classification. One of the key findings of the analysis was the identification of service businesses whose provision is not sufficiently guaranteed by private entities. The study also proposed a certification’s method for providers of public services and guidelines for a consultant's code of ethics.
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