Cost-Benefit Rules in a Regionalized Disequilibrium Model
In 1982-83 a mining company in northern Sweden laid off 1,800 employees. The Parliament allotted SEK 309 million for a program of job-creating measures. Evaluation of these measures requires a welfare-theoretic foundation. This analysis focuses on the welfare implications of public production of private goods. These effects depend on which market output is sold and the type of taxes used to balance the public budget. The rules include partial and indirect spill-over effects that can be interpreted in terms of multipliers and marginal propensities to consume. Copyright 1987 by The editors of the Scandinavian Journal of Economics.
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Volume (Year): 89 (1987)
Issue (Month): 2 ()
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References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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- Johansson, Per-Olov, 1981. " On Regional Effects of Government Policies in a Small Open Economy," Scandinavian Journal of Economics, Wiley Blackwell, vol. 83(4), pages 541-52.
- Johansson, Per-Olov, 1982. "Cost-benefit rules in general disequilibrium," Journal of Public Economics, Elsevier, vol. 18(1), pages 121-137, June.
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