Economic Effects of Public Investment

An Emphasis on Marshallian and Monetary External Economies

(Autor)

Buch | Hardcover
297 Seiten
2017 | 1st ed. 2016
Springer Verlag, Japan
978-4-431-55223-9 (ISBN)

Lese- und Medienproben

Economic Effects of Public Investment - Hirotada Kohno
149,79 inkl. MwSt
This book shows the necessity of measuring the incidence-basis indirect economic effects of public investments. The essential argument can be traced back to H. Mohring versus J. Tinbergen, the conclusions of one contradicting those of the other. Their arguments are called, respectively, “transfer” and “existing theory” of the indirect economic effect of public investments such as highways.

The author has first defined the categories of “generation-basis” and “incidence-basis” economic effects in addition to the categories of direct and indirect economic effects, and has shown that it is essential to measure the incidence-basis indirect economic effects for decision making about public investments. The second major point is that, in this sense, the measurement must rely on the general and dynamic spatial modeling simulation approach. The third essential point is that Tinbergen is correct as far as we have to cope with a real setting in which the Marshallian type of external economies exists.

Another characteristic is that the monetary (pecuniary) external economies are dealt with systematically, for the superiority of public investment criteria depends greatly on whether they are taken hold of or not. This book lays emphasis on the process toward the equilibrium, not the equilibrium itself.

Emeritus Professor, The University of Tsukuba, Japan

1   Definition of Economic Effects, Necessity of Measurement, Prototype Model, and Externalities.- 2 Time-Saved Evaluation and Social Discount Rate.- 3 Perfect Transfer Theory of Indirect Economic Effects Formation —based on the Generation base vs. Incidence base .- 4 Independent Existence Theory Forming Indirect Effects—Its Three Examples: Congestion Easing,Scale-Enlargement of Factory∙Warehouse, Marshallian External Economies.- 5 Formation Process of Marshallian External Economies: Number 3—technological and marketable propagation•diffusion of the "technological external economies".- 6 Social Costs and the Measurement.- 7 Measurement of Evaluation Rate of Public Pollution (Noise) .- 8 Criteria of Benefits Valuation —remained vs. transferred, and generation base vs. incidence base.- 9 Verification of Independent Existence Theory depended on the Market Equilibrium Model —based on the great discrepancy of the benefits in generation base vs. the benefits in incidence base.- 10Generalization of Technological Propagation•Diffusion Extenalities  based on the General Equilibrium Model of  Formation Process of Marshallian External Economies: Number 4.- 11  Closing paragraph—on the occasion of closing this volume: Economic effects’ theory and measurement.- At the end.-  Subject Index.- Name Index.

Erscheint lt. Verlag 2.1.2017
Reihe/Serie New Frontiers in Regional Science: Asian Perspectives ; 1
Zusatzinfo 7 Illustrations, color; 63 Illustrations, black and white; XXIII, 297 p. 70 illus., 7 illus. in color.
Verlagsort Tokyo
Sprache englisch
Maße 155 x 235 mm
Themenwelt Sozialwissenschaften Soziologie
Wirtschaft Allgemeines / Lexika
Wirtschaft Volkswirtschaftslehre Makroökonomie
Wirtschaft Volkswirtschaftslehre Wirtschaftspolitik
Schlagworte Direct Economic Effects • Independent Existence Theory • Indirect Economic Effects • Marshallian External Economies • Propagation/Diffusion • Technological External Economies
ISBN-10 4-431-55223-5 / 4431552235
ISBN-13 978-4-431-55223-9 / 9784431552239
Zustand Neuware
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