Hirotada Kohno: Economic Effects of Public Investment, Gebunden

Beschreibung

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.

Inhaltsangabe

Ch1 Definition of Economic Effects, Necessity of their Measurement, Original Model, and Economic Externality.- Ch2 Monetary valuation Rates of Saved time and Social Discount Rates.- Ch3 Perfect Transfer Theory of Indirect Benefits Formation.- Ch4 Independent Existence Theory on the Indirect Benefits Formation.- Ch5 Formation Process of the Marshallian External Economies.- Ch6 Measurement of Environmental Pollution Valuation Rates.- Ch7 Criteria of Economic Effects (Benefits) Valuation.- Ch8 Verification of Independent Existence Doctrine in frame of Market Equilibrium Model.- Ch9 Generalization of Externalities of Technological Propagataion.- Ch10 Concluding Remarks.

Klappentext

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.