Cost-Benefit Analysis of Multi-Level Government - The Case of EU Cohesion Policy and of US Federal Investment Policies
FERRARA Alessandro
Description du produit
- Catégories: Politique de Cohésion, Gouvernance & Politique
- Editeur: ROUTLEDGE
- Collection: Routledge Studies in the Modern World Economy
- ISBN: 9780415568210
- Date de publication: 28/02/2010
- Reliure : Relié
- Nombre de page : 352
- Langue: Anglais
Résumé
This book provides an original theoretical framework for assessing public investment policies co-financed by Union (Federal) governments. This framework is applied to two important case studies: the EU Cohesion Policy and the US Federal Investment Policies.
Cost-Benefit Analysis of Multi-Level Government sheds light on a number of outstanding issues of economic theory by extending the theory of shadow prices, and provides guidance to real-world decision makers. In particular, the following questions are addressed:
- In which circumstances is intervention by higher level government in Member States through investment policies justified?
- Is there a welfare economics rationale to underpin interregional equity? What is the relationship between interregional and interpersonal income distribution? How can social exclusion be included in cost-benefit tests?
- How can a higher level of government allocate financial resources to investment policies before it bargains over the related programming documents with lower levels of government?
- In these circumstances, how can optimal matching rates be derived under binding or non binding budgetary constraints?
- How can such an analytical framework provide guidance for real-world decision makers?
Guidelines such as the Impact Assessment Guidelines (European Commission), the Green Book (British Treasury), and Guidelines and Discount Rates for Benefit-Cost Analysis of Federal Programs (Executive Office of the US President) are also analyzed.
The book will be of interest to policy makers, postgraduate students and researchers in cost-benefit analysis, welfare economics, public choice, public finance, multi-level government economics, and income distribution issues.
Table des matières
Part 1: Introduction
1. The Economic Theory of Shadow Pricing
Part 2: Case Studies
2. The Cohesion Policy of the European Union
3. The Federal Investment Policies of the United States of America
Part 3: The New Theoretical Framework
4. The Case for EU Intervention: Discussion
5. The Case for EU Intervention: Formalisation
6. The Impact of EU Intervention
7. Welfare Weights 8. Social Discount Rates
9. Shadow Wage Rates
Part 4: Theoretical Insights and Policy Implications
10. Theoretical Insights and Extensions
11. Insights and Methodological Directions for the Case Studies