1.

Record Nr.

UNINA9910800069003321

Autore

Ferrara Alessandro <1953-, >

Titolo

Cost-benefit analysis of multi-level government : the case of EU cohesion policy and of US federal investment policies / / Alessandro Ferrara

Pubbl/distr/stampa

New York ; ; London : , : Routledge, , 2010

ISBN

1-135-16661-7

1-135-16662-5

1-282-57181-8

9786612571817

0-203-85968-5

Descrizione fisica

1 online resource (353 p.)

Collana

Routledge studies in the modern world economy  Cost-benefit analysis of multi-level government

Disciplina

352.4/3

Soggetti

Public investments - Europe

Public investments - United States

Public investments - Cost effectiveness

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references and index.

Nota di contenuto

Book Cover; Title; Copyright; Disclaimer; Dedication; Contents; Figures, Tables, and Charts; Preface; Acknowledgements; Abbreviations; Part I Introduction; 1 The Economic Theory of Shadow Pricing; Part II Case Studies; 2 The Cohesion Policy of the European Union; 3 The Federal Investment Policies of the United States of America; Part III The New Theoretical Framework; 4 The Case for EU Intervention: discussion; 5 The Case for EU Intervention: formalization; 6 The Impact of EU Intervention; 7 Welfare Weights; 8 Social Discount Rates; 9 Shadow Wage Rates

Part IV Theoretical Insights and Policy Implications10 Theoretical Insights and Extensions; 11 Insights and Methodological Directions for the Case Studies; Appendix to Chapter 5; Appendix to Chapter 6; Appendix to Chapter 9; Notes; Bibliography; Index

Sommario/riassunto

This book provides an original framework to assess 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:Under which theoretical circumstances, higher leve