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The Resource A Framework for Efficient Government Investment, (electronic resource)

A Framework for Efficient Government Investment, (electronic resource)

Label
A Framework for Efficient Government Investment
Title
A Framework for Efficient Government Investment
Creator
Author
Subject
Language
eng
Summary
Annotation
Related
Cataloging source
BIP US
http://library.link/vocab/creatorName
Warner, Andrew M
Summary expansion
Welfare economics, scope and performance of government, externalities, public goods, cost-benefit analysis, subsidies economize on spending without losing effectiveness by modifying the conceptual framework guiding state expenditures. the familiar framework says that state intervention is justified when the spending provides public goods or when the intervention addresses externalities, provided the social return is above a threshold. This paper argues that another consideration needs to be brought into the mix - whether, in spite of the externalities, the private sector has an incentive to undertake the activity. It is argued that these two considerations together define a more efficient framework under which to justify state intervention. According to this modified framework, even a benign state interested in social welfare would not in fact address every externality nor necessarily select expenditures with the highest social returns. These points are summarized in a graph which is then used to analyze policy rules, subsidies and effective interaction between the state and the private sector. It is hoped that this paper points to the kind of information that needs to be collected and acted upon so that states may achieve their goals more effectively
Label
A Framework for Efficient Government Investment, (electronic resource)
Instantiates
Publication
Control code
OCM1bookssj0001178107
Dimensions
unknown
Extent
22 p.
Governing access note
Available for distribution in: USA
Isbn
9781475564020
Specific material designation
remote
System control number
(WaSeSS)ssj0001178107
Label
A Framework for Efficient Government Investment, (electronic resource)
Publication
Control code
OCM1bookssj0001178107
Dimensions
unknown
Extent
22 p.
Governing access note
Available for distribution in: USA
Isbn
9781475564020
Specific material designation
remote
System control number
(WaSeSS)ssj0001178107

Library Locations

    • Thomas Jefferson LibraryBorrow it
      1 University Blvd, St. Louis, MO, 63121, US
      38.710138 -90.311107
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