Public Investment Criteria: Using an Interregional Input-Output Programming Model by Hirotada KohnoPublic Investment Criteria: Using an Interregional Input-Output Programming Model by Hirotada Kohno

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

byHirotada Kohno

Hardcover | January 20, 2019

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This volume presents the most robust and useful methodology for the measurement and derivation of public investment criteria. The methodological approach solves inherent defects of traditional methodology, namely, an ad hoc application of the benefit-cost analysis.

Although this approach originated in the water resources development project of the Harvard group, the authors' recent methodology has achieved a nonlinear, discrete and dynamic regional input-output programming model by which the scale effects, Marshallian external economies, and agglomeration economies formed in very large cities are incorporated. As these benefits make up a source of revenue, difficult noise pollution and congestion problems are coped with automatically in the endogenous model. As an optimal solution, the allocated levels for high-rise building urban renewal (a measure for noise) and environmentally protected trunk transport network (a measure for congestion), as well as for other infrastructural facilities, measured by period and by region, are the results of public investment criteria. 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 acquire the concept of opportunity costs (the imputed price). 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 authentic public investment criteria evolved from the benefit-cost analysis.

Emeritus Professor, The University of Tsukuba, Japan
Title:Public Investment Criteria: Using an Interregional Input-Output Programming ModelFormat:HardcoverDimensions:220 pages, 23.5 × 15.5 × 0.03 inPublished:January 20, 2019Publisher:Springer-Verlag/Sci-Tech/TradeLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:4431552200

ISBN - 13:9784431552208

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Table of Contents

1 Public Investment Criteria: A Tentative Specific Survey on the Benefit-Cost Analysis in the Early Years.- 2 Mei-Shin Expressway Î To-Mei Expressway-Based on the World Bank Formula of Fifty Years Ago.- 3 Generalized Benefit-Cost Criteria-in case where the benefits previously measured is on the premise.- 4 Optimum Allocation of Public Investments Using Interregional Industrial Input-Output Programming Model. Number 1: 5 regions, 5 industries, 3 transport means-simultaneous determination of public investment criteria and the economic effects' measurement.- 5 Development of Techniques coping with Comprehensive Transport System-Toward the Unified Quantification of the CTS.- 6  Optimal Allocation of Public Investment, using our Interregional Input-Output Programming model Number 2: Scale-enlargement to ten regions, ten industries, nine transport means.- 7 Optimal Planning of Asian Expressway Network Using Dynamic Interregional Input-Output Programming Mode.- 8 The Greater Tokyo Optimal Redevelopment Model-Non-linear Dynamic Multiregions, Multiindustries, Multi Distributional Forms, Multi-transport Facilities.- 9  The Essence of Respective Chapters.- At the End.-  Subject Index.- Name Index.