Cost-benefit analysis of multi-level government : the case of EU cohesion policy and of US federal investment policies
著者
書誌事項
Cost-benefit analysis of multi-level government : the case of EU cohesion policy and of US federal investment policies
（Routledge studies in the modern world economy, 80）
Routledge, 2010
- : hbk
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注記
Includes bibliographical references (p. [314]-321) and index
内容説明・目次
内容説明
This book provides an original theoretical framework for assessing public investment policies co-financed by Union (Federal) governments. This framework is applied to two important case studies: the EU Cohesion Policy and the US Federal Investment Policies.
Cost-Benefit Analysis of Multi-Level Government sheds light on a number of outstanding issues of economic theory by extending the theory of shadow prices, and provides guidance to real-world decision makers. In particular, the following questions are addressed:
In which circumstances is intervention by higher level government in Member States through investment policies justified?
Is there a welfare economics rationale to underpin interregional equity? What is the relationship between interregional and interpersonal income distribution? How can social exclusion be included in cost-benefit tests?
How can a higher level of government allocate financial resources to investment policies before it bargains over the related programming documents with lower levels of government?
In these circumstances, how can optimal matching rates be derived under binding or non binding budgetary constraints?
How can such an analytical framework provide guidance for real-world decision makers?
Guidelines such as the Impact Assessment Guidelines (European Commission), the Green Book (British Treasury), and Guidelines and Discount Rates for Benefit-Cost Analysis of Federal Programs (Executive Office of the US President) are also analyzed.
The book will be of interest to policy makers, postgraduate students and researchers in cost-benefit analysis, welfare economics, public choice, public finance, multi-level government economics, and income distribution issues.
目次
Part 1: Introduction 1. The Economic Theory of Shadow Pricing Part 2: Case Studies 2. The Cohesion Policy of the European Union 3. The Federal Investment Policies of the United States of America Part 3: The New Theoretical Framework 4. The Case for EU Intervention: Discussion 5. The Case for EU Intervention: Formalisation 6. The Impact of EU Intervention 7. Welfare Weights 8. Social Discount Rates 9. Shadow Wage Rates Part 4: Theoretical Insights and Policy Implications 10. Theoretical Insights and Extensions 11. Insights and Methodological Directions for the Case Studies
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