Public Investment Criteria : Using an Interregional Input-Output Programming Model

Idioma: inglés

Editorial: Springer, 2022

4431552200 / 9784431552208

Serie: Libro 50 de 63 - New Frontiers in Regional Science: Asian Perspectives

Librería: AHA-BUCH GmbH, Einbeck, AlemaniaAHA-BUCH GmbH

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Descripción del artículo del vendedor

Druck auf Anfrage Neuware - Printed after ordering - This volume presents the most robust and useful methodology for the derivation of investment criteria for the evaluation and planning of public investment projects - public investment criteria. The methodological approach solves inherent defects of traditional methodology, namely an ad hoc application of the benefit-cost analysis in the static content.Although this approach originated in the water resources development project of the Harvard group, the authors' methodology has achieved a discrete and dynamic inter regional input-output programming model by which: (i) establishment of priorities among potential investment targets by taking account of economic benefits that are brought by implementation of a set of selected projects, and diffusing into the whole national economy, and (ii) rational allocation of limited public funds to the selected investment projects are consistently made, based on the opportunity cost criteria in the dynamic content. As these benefits make up a source for the stream of further created capital funds for public as well as private sectors over the planning time horizon, optimal re-investment of thus created capital funds are solved recursively in the endogenous model by approaching the turnpike path of the whole national economy. As an optimal solution, the allocated levels for trunk expressway network as well as for other transport facilities, which are balanced with the allocation for industrial capital formation, are obtained by period and by region. 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 learn functional and practical meaning of the opportunity costs (and the imputed price) in the evaluation and planning of investment. 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 results of authentic public investment criteria that are built in the inter-regional input-output programing model.…

N° de ref. del artículo 9784431552208

Título
Public Investment Criteria : Using an Interregional Input-Output Programming Model
Autor
Hirotada Kohno
Editorial
Springer
Año de publicación
2022
Estado
Neu
Encuadernación
Buch
Idioma
inglés
ISBN 10
4431552200
ISBN 13
9784431552208
Peso del artículo
928 gramos
Dimensiones
241x160x33 mm
Serie
Libro 50 de 63: New Frontiers in Regional Science: Asian Perspectives

AHA-BUCH GmbH

Einbeck, Alemania

Vendedor de 5 estrellas

Vendedor de AbeBooks desde 14 de agosto de 2006

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