Economic Effects of Public Investment

An Emphasis on Marshallian and Monetary External Economies

Business & Finance, Economics, Urban & Regional, Nonfiction, Social & Cultural Studies, Political Science, Politics, Economic Policy
Cover of the book Economic Effects of Public Investment by Hirotada Kohno, Springer Japan
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Hirotada Kohno ISBN: 9784431552246
Publisher: Springer Japan Publication: December 22, 2016
Imprint: Springer Language: English
Author: Hirotada Kohno
ISBN: 9784431552246
Publisher: Springer Japan
Publication: December 22, 2016
Imprint: Springer
Language: English

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.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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.

More books from Springer Japan

Cover of the book Topological States on Interfaces Protected by Symmetry by Hirotada Kohno
Cover of the book Harmonic Analysis on Exponential Solvable Lie Groups by Hirotada Kohno
Cover of the book Sendai Virus Vector by Hirotada Kohno
Cover of the book Radiation Therapy for Extranodal Lymphomas by Hirotada Kohno
Cover of the book Role of Blood Flow in Atherogenesis by Hirotada Kohno
Cover of the book Electromagnetic Acoustic Transducers by Hirotada Kohno
Cover of the book Smart Modeling and Simulation for Complex Systems by Hirotada Kohno
Cover of the book Anomalous and Topological Hall Effects in Itinerant Magnets by Hirotada Kohno
Cover of the book Hometown Investment Trust Funds by Hirotada Kohno
Cover of the book The Impact of Applications on Mathematics by Hirotada Kohno
Cover of the book Hierarchical Bottom-Up Methodology for Integrating Dynamic Ethynylhelicene Oligomers by Hirotada Kohno
Cover of the book Current Issues in Liver and Small Bowel Transplantation by Hirotada Kohno
Cover of the book The Limit Shape Problem for Ensembles of Young Diagrams by Hirotada Kohno
Cover of the book Bioelectrics by Hirotada Kohno
Cover of the book Cognitive Workload and Fatigue in Financial Decision Making by Hirotada Kohno
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy