Overview
- Argues for the importance of measuring incidence-basis indirect economic effects, showing that dynamic and spatial simulation models currently popular in regional science are useful
- Clarifies intrinsic points of contradictory conclusions by H. Mohring and J. Tinbergen with the introduction of generation-basis and incidence-basis economic effects
- Shows that the argument by J. Tinbergen is correct within a real setting in which the Marshallian type of external economies exists
Part of the book series: New Frontiers in Regional Science: Asian Perspectives (NFRSASIPER, volume 1)
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Table of contents (11 chapters)
Keywords
About this book
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.
Authors and Affiliations
About the author
Bibliographic Information
Book Title: Economic Effects of Public Investment
Book Subtitle: An Emphasis on Marshallian and Monetary External Economies
Authors: Hirotada Kohno
Series Title: New Frontiers in Regional Science: Asian Perspectives
DOI: https://doi.org/10.1007/978-4-431-55224-6
Publisher: Springer Tokyo
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Japan KK 2016
Hardcover ISBN: 978-4-431-55223-9Published: 02 January 2017
Softcover ISBN: 978-4-431-56647-2Published: 13 July 2018
eBook ISBN: 978-4-431-55224-6Published: 22 December 2016
Series ISSN: 2199-5974
Series E-ISSN: 2199-5982
Edition Number: 1
Number of Pages: XXIII, 297
Number of Illustrations: 63 b/w illustrations, 7 illustrations in colour
Topics: Regional/Spatial Science, Economic Policy, Social Policy