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© 2016

Economic Effects of Public Investment

An Emphasis on Marshallian and Monetary External Economies

Book

Part of the New Frontiers in Regional Science: Asian Perspectives book series (NFRSASIPER, volume 1)

Table of contents

  1. Front Matter
    Pages i-xxiii
  2. Hirotada Kohno
    Pages 79-117
  3. Back Matter
    Pages 279-297

About this book

Introduction

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.

Keywords

Direct Economic Effects Independent Existence Theory Indirect Economic Effects Marshallian External Economies Propagation/Diffusion Technological External Economies

Authors and affiliations

  1. 1.Professor Emeritus University of TsukubaTsukubaJapan

About the authors

Emeritus Professor, The University of Tsukuba, Japan

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
  • Series Abbreviated Title New Frontiers in Regional Science: Asian Perspectives
  • DOI https://doi.org/10.1007/978-4-431-55224-6
  • Copyright Information Springer Japan 2016
  • Publisher Name Springer, Tokyo
  • eBook Packages Economics and Finance Economics and Finance (R0)
  • Hardcover ISBN 978-4-431-55223-9
  • Softcover ISBN 978-4-431-56647-2
  • eBook ISBN 978-4-431-55224-6
  • 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
  • Buy this book on publisher's site