Economic Effects of Public Investment

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.