References
- Abramovitz, M. (1983). Everyone is on welfare: ‘The role of redistribution in social policy’ revisited. Social Work, 28(6), 440–445. https://doi.org/10.1093/sw/28.6.440
- Abramovitz, M. (2001). Everyone is still on welfare: The role of redistribution in social policy. Social Work, 46(4), 297–308. https://doi.org/10.1093/sw/46.4.297
- Acemoglu, D., & Robinson, J. A. (2019). Rents and economic development: the perspective of Why Nations Fail. Public Choice, 181(1–2), 13–28. https://doi.org/10.1007/s11127-019-00645-z
- Angresano, J. (2016). A corporate welfare economy. Routledge.
- Arrow, K. J. (1951). An extension of the basic theorems of classical welfare economic. Proceedings of the Second Berkeley Symposium.
- Arrow, K. J., & Debreu, G. (1954). Existence of an equilibrium for a competitive economy. Econometrica, 22(3), 265–290. https://doi.org/10.2307/1907353
- Bader, E., Huff, D., & Reynolds, L. (2003). Shadow welfare. The Social Policy Journal, 2(4), 39–51. https://doi.org/10.1300/j185v02n04_04
- Baumol, W. J. (1990). Entrepreneurship: Productive, unproductive, and destructive. Journal of Political Economy, 98(5), 893–921. https://doi.org/10.1086/261712
- Bennett, D. L. (2025). Political economy of entrepreneurship policy. In R. Jong-A-Pin & C. Bjørnskov (Eds.), Elgar encyclopedia of public choice (pp. 563–570). Edward Elgar Publishing. https://doi.org/10.4337/9781802207750.00083
- Bennett, J. T., & DiLorenzo, T. J. (1982). The political economy of corporate welfare: Industrial revenue bonds. Cato Journal, 2(2), 607–617.
- Bergstrom, K., & Dodds, W. (2021). The targeting benefit of conditional cash transfers. Journal of Public Economics, 194, 104330. https://doi.org/10.1016/j.jpubeco.2020.104330
- Bulfone, F., Ergen, T., & Kalaitzake, M. (2023). No strings attached: Corporate welfare, state intervention, and the issue of conditionality. Competition & Change, 27(2), 253–276. https://doi.org/10.1177/10245294221101145
- Bürbaumer, B., & Pinsard, N. (2025). The corporate welfare turn of state capitalism in France: Reassessing state intervention in the French economy, 1945–2022. Economy and Society, 54(2), 283–309. https://doi.org/10.1080/03085147.2025.2506268
- Culpepper, P. D. (2015). Structural power and political science in the post-crisis era. Business and Politics, 17(3), 391–409.
- Culpepper, P. D., & Reinke, R. (2014). Structural power and bank bailouts in the United Kingdom and the United States. Politics & Society, 42(4), 427–454. https://doi.org/10.1177/0032329214547342
- Darrough, M., Kim, H., & Zur, E. (2019). The impact of corporate welfare policy on firm-level productivity: Evidence from unemployment insurance. Journal of Business Ethics, 159(3), 795–815. https://doi.org/10.1007/s10551-018-3817-2
- Dawkins, C. E. (2002). Corporate welfare, corporate citizenship, and the question of accountability. Business & Society, 41(3), 269–291. https://doi.org/10.1177/0007650302041003002
- de Rugy, V., & DeHaven, T. (2020, March 31). Corporate welfare: Beyond the budgetary cost. Mercatus Center Policy Brief.
- DeHaven, T. (2012, July 25). Corporate welfare in the federal budget. CATO Institute Policy Analysis, 703. https://www.cato.org/sites/cato.org/files/pubs/pdf/PA703.pdf
- Ebeke, C., Jovanovic, N., Valderrama, L., & Zhou, J. (2021). Corporate liquidity and solvency in Europe during COVID-19: The role of policies. IMF Working Papers, 56. https://doi.org/10.5089/9781513570914.001
- Egan, D. (2004). Who put the “welfare” in “corporate welfare”? Race, gender, and the critique of business subsidies. Journal of Poverty, 8(3), 1–21. https://doi.org/10.1300/j134v08n03_01
- Evenett, S., Jakubik, A., Martín, F., & Ruta, M. (2024). The return of industrial policy in data. World Economy, 47(7), 2763–2788. https://doi.org/10.1111/twec.13608
- Fairfield, T. (2015). Structural power in comparative political economy: perspectives from policy formulation in Latin America. Business and Politics, 17(3), 411–441. https://doi.org/10.1515/bap-2014-0047
- Farnsworth, K. (2012). Social versus corporate welfare. Palgrave Macmillan. Farnsworth, K. (2013). Bringing corporate welfare. Journal of Social Policy, 42(1), 1–22. https://doi.org/10.1017/s0047279412000761
- Farnsworth, K. (2015). The British corporate welfare state: Public policies for private companies. Sheffield Political Economy Research Institute.
- Farnsworth, K. (2019). Towards a whole-economy approach to the welfare state: Citizens, corporations and the state within the broad welfare mix. In E. Heins, C. Needham & J. Rees (Eds.), Social Policy Review 31: nalysis and debate in social policy (pp. 71–100). Bristol University Press. https://doi.org/10.1332/policy-press/9781447343981.003.0004
- Farnsworth, K. (2021). Business and the (corporate) welfare state. In A. Kellow, T. Porter, & K. Ronit (Eds.), Handbook of business and public policy (pp. 278–297). Edward Elgar Publishing.
- Fink, C. (2022). Calculating private and social returns to COVID-19 vaccine innovation. WIPO Economic Research Working Paper, 68. https://doi.org/10.34667/tind.46653
- Gills, B. K. (2008). The swinging of the pendulum: The global crisis and beyond. Globalizations, 5(4), 513–522. https://doi.org/10.1080/14747730802567389
- Huff, D., & Johnson, D. (1993). Phantom welfare: Public relief for corporate America. Social Work, 38(3), 311–316. https://doi.org/10.1093/sw/38.3.311
- Juhász, R., Lane, N., Oehlsen, E., & Pérez, V. C. (2023). The who, what, when, and how of industrial policy: A text-based approach. STEG Working Paper, 50. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4198209
- Juhász, R., Lane, N., & Rodrik, D. (2024). The new economics of industrial policy. Annual Review of Economics, 16, 213–242. https://doi.org/10.1146/annurev-economics-081023-024638
- Kattel, R., & Mazzucato, M. (2018). Mission-oriented innovation policy and dynamic capabilities in the public Sector. Industrial and Corporate Change, 27(5), 787–801. https://doi.org/10.1093/icc/dty032
- Klebaner, S. (2024). The regulation of the corporate welfare policy. Evidences from France. MPRA Paper, 121965. https://mpra.ub.uni-muenchen.de/121965/
- Lin, J. Y., Yang, Z., Li, Y., & Zhang, Y. (2022). Development strategy and the MSMEs finance gap. Journal of Government and Economics, 5, 100034. https://doi.org/10.1016/j.jge.2022.100034
- Mazzucato, M. (2013). The entrepreneurial state: Debunking public vs private sector myths. Penguin Books.
- McGee, R. (2003, April 3–6). Trade policy as corporate welfare: The case of the U.S. steel industry. 15th Annual Conference of the International Academy of Business Disciplines. Orlando. USA.
- Milke, M. (2007). Corporate welfare: A $144 billion addiction. The Fraser Institute.
- Nader, R. (2000). Cutting corporate welfare. Seven Stories Press.
- Nykiel-Mateo, A. (2009). Pomoc państwa a ogólne środki interwencji w europejskim prawie wspólnotowym. Wolters Kluwer.
- O’Connor, N., & Sweeney, P. (2016). Crisis and corporate welfare. In M. P. Murphy & F. Dukelow (Eds.), The Irish welfare state in the twenty-first century (pp. 261–285). https://doi.org/10.1057/978-1-137-57138-0_12
- Olson, P., & Champlin, D. (1998). Ending corporate welfare as we know it: An institutional analysis of the dual structure of welfare. Journal of Economic Issues, 32(3), 759–771. https://doi.org/10.1080/00213624.1998.11506078
- Piechucka, J., Saurí-Romero, L., & Smulders, B. (2023). Industrial policies, competition, and efficiency: The need for state aid control. Journal of Competition Law & Economics, 19(4), 503–526. https://doi.org/10.1093/joclec/nhad014
- Rodrik, D. (2014). Green industrial policy. Oxford Review of Economic Policy, 30(3), 469–491. https://doi.org/10.1093/oxrep/gru025
- Ruane, S. (2013). “Bringing corporate welfare in”—and pushing further at the boundaries of social policy: A reply to Farnsworth (1). Journal of Social Policy, 42(1), 23–29. https://doi.org/10.1017/s0047279412000773
- Sawulski, J., Bąkowska, K., & Gniazdowski, M. (2020). Luka CIT w Polsce w latach 2014–2018. Polish Economic Institute.
- Schlomach, B., Slivinski, S., & Hohman, J. M. (2019). Multilateral disarmament: A state compact to end corporate welfare. Mackinac Center for Public Policy.
- Slivinski, S. (2007). The corporate welfare state. How the federal government subsidizes US businesses. CATO Institute Policy Analysis, 592. https://www.cato.org/sites/cato.org/files/pubs/pdf/pa592.pdf
- Sobel, R. S. (2008). Testing Baumol: Institutional quality and the productivity of entrepreneurship. Journal of Business Venturing, 23(6), 641–655. https://doi.org/10.1016/j.jbusvent.2008.01.004
- Stiglitz, J. (1991). The invisible hand and modern welfare economics. NBER Working Papers, 3641. https://doi.org/10.3386/w3641
- Stiglitz, J. (2021). The proper role of government in the market economy The case of the post-COVID recovery. Journal of Government and Economics, 1, 100004. https://doi.org/10.1016/j.jge.2021.100004
- Stiglitz, J., & Rosengard, J. K. (2015). Economics of the public sector. W.W. Norton & Company.
- Stoesz, D. (1986). Corporate welfare: The third stage of welfare in the United States. Social Work, 31(4), 245–249. https://doi.org/10.1093/sw/31.4.245
- Titmuss, R. (1965). The role of redistribution in social policy. Social Security Bulletin, 28(6), 14–20.
- UOKiK. (2024). Raport o pomocy publicznej w Polsce udzielonej przedsiębiorcom w 2023 roku. https://uokik.gov.pl/Download/1096
- Walewski, M., Boguszewski, R., Piłat, A., & Koc, M. (2024). Efekty gwarancji de mini-mis – raport z badania 2024. BGK Polish Development Bank.
Language: English
Page range: 133 - 160
Submitted on: Dec 5, 2025
Accepted on: Jun 26, 2026
Published on: Oct 8, 2026
Published by: Poznań University of Economics and Business Press
In partnership with: Paradigm Publishing Services
Keywords:
Related subjects:
© 2026 Adam Piłat, published by Poznań University of Economics and Business Press
This work is licensed under the Creative Commons Attribution 4.0 License.