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New Frontiers in Regional Science: Asian Perspectives
cover

Public Investment Criteria

Using an Interregional Input-Output Programming Model

Authors: Kohno, Hirotada, Higano, Yoshiro

  • ​Explains how the trade pattern among regions is variable and is endogenously determined by the impact of public investments such as highways and high-speed railways
  • Demonstrates that the public investment pattern reflects the opportunity cost of the assigned budget that could be spent for varieties of other investment targets  
  • Shows that by analyzing calculated opportunity cost, imputed price, and costate variables, the essence of the comprehensive programming model can be understood
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eBook 93,08 €
price for Spain (gross)
  • The eBook version of this title will be available soon
  • Due: June 25, 2020
  • ISBN 978-4-431-55221-5
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Hardcover 114,39 €
price for Spain (gross)
  • Due: June 25, 2020
  • ISBN 978-4-431-55220-8
  • Free shipping for individuals worldwide
  • Immediate ebook access, if available*, with your print order
  • The final prices may differ from the prices shown due to specifics of VAT rules
About this book

This volume presents the most robust and useful methodology for the measurement and derivation of public investment criteria. The methodological approach solves inherent defects of traditional methodology, namely, an ad hoc application of the benefit-cost analysis.

Although this approach originated in the water resources development project of the Harvard group, the authors’ recent methodology has achieved a nonlinear, discrete and dynamic inter regional input-output programming model by which the scale effects, Marshallian external economies, and agglomeration economies formed in very large cities are incorporated. As these benefits make up a source of revenue, difficult noise pollution and congestion problems are coped with automatically in the endogenous model. As an optimal solution, the allocated levels for high-rise building urban renewal (a measure for noise) and environmentally protected trunk transport network (a measure for congestion), as well as for other infrastructural facilities, measured by period and by region, are the results of public investment criteria. In the background of these processes, the imputed price and opportunity costs as a sort of contemporary “god” are always latent.

Readers with basic mathematical knowledge will acquire the concept of opportunity costs (the imputed price). Conquering this small obstacle will be a source of strong self-confidence for society, a worthwhile objective. Other applications of the methodology are also included in this book, which is helpful for practitioners frequently using the feasibility study method as well as experts who wish to understand the theoretical arguments related to public investment criteria. As one of the applications, there is a numerical solution of a composite transport system in which the amounts of roads, railways, and ports are derived quantitatively, not qualitatively. These are authentic public investment criteria evolved from the benefit-cost analysis.

About the authors

Emeritus Professor, The University of Tsukuba, Japan

Buy this book

eBook 93,08 €
price for Spain (gross)
  • The eBook version of this title will be available soon
  • Due: June 25, 2020
  • ISBN 978-4-431-55221-5
  • Digitally watermarked, DRM-free
  • Included format:
  • ebooks can be used on all reading devices
Hardcover 114,39 €
price for Spain (gross)
  • Due: June 25, 2020
  • ISBN 978-4-431-55220-8
  • Free shipping for individuals worldwide
  • Immediate ebook access, if available*, with your print order
  • The final prices may differ from the prices shown due to specifics of VAT rules
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Bibliographic Information

Bibliographic Information
Book Title
Public Investment Criteria
Book Subtitle
Using an Interregional Input-Output Programming Model
Authors
Series Title
New Frontiers in Regional Science: Asian Perspectives
Series Volume
2
Copyright
2021
Publisher
Springer Japan
Copyright Holder
Springer Japan KK, part of Springer Nature
eBook ISBN
978-4-431-55221-5
DOI
10.1007/978-4-431-55221-5
Hardcover ISBN
978-4-431-55220-8
Series ISSN
2199-5974
Edition Number
1
Number of Pages
X, 220
Number of Illustrations
24 b/w illustrations, 7 illustrations in colour
Topics

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