Development Policy As Public Finance - Softcover

9780198773672: Development Policy As Public Finance
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This is a graduate text on the use of public economics in formulating development policy. How to raise and spend revenues in order to promote development in practice involves second-best considerations, which the analysis of the role of international trade, liberalization, and other economic reforms must take into account. Particular emphasis is placed on social cost-benefit analysis as a means to discipline public expenditure decisions. Summaries and exercises are included.

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About the Author:

Clive Bell is Professor of Economics at Heidelberg University. Having obtained his D.Phil. from the University of Sussex in 1976, he has since held positions at the World Bank (1974-85), Johns Hopkins University (1985-6), Vanderbilt University (1986-95), and Regensburg University (1991-4).

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  • PublisherOxford University Press
  • Publication date2003
  • ISBN 10 0198773676
  • ISBN 13 9780198773672
  • BindingPaperback
  • Edition number1
  • Number of pages488

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Book Description Paperback. Condition: new. Paperback. This book is written out of a conviction that development economics needs to draw more heavily and systematically on recent advances in knowledge made in public economics, especially where the formulation and analysis of development policy are concerned. The central questions - how to raise and spend revenues well, in the sense of promoting development - are surely normative; but whether something is done 'well' must also be judged in relation to what is actuallyfeasible. With unrestricted lump-sum transfers ruled out in practice, the design of policy is inherently concerned with considerations of the second-best. This awkward fact besets the analysis ofinterventions in all areas of economic activity, from international trade to small-scale finance.Debates over whether and how to promote particular sectors or activities at the expense of others, when viewed from this perspective, draw attention away from the humdrum, but decidedly more important goal of raising revenue efficiently and with due regard for equity. This stricture applies to international trade, industry, and agriculture, as well as to the familiar choiceamong different forms of taxes, seigniorage, and debt. At the same time, all proposals to spend public funds, introduce or change regulations, and reform policy should be subjected to a rigorous anduniform system of appraisal, especially when there is a substantial premium on public funds. The methods of social cost-benefit analysis, based on shadow prices, provide just the apparatus that is needed for this purpose. This apparatus and its many applications are developed at length, in the hope of promoting its use as a matter of course.Development Policy as Public Finance will be of interest to graduate students, academics, and advanced undergraduates ineconomics, development studies, and political science; government agencies and NGOs. The theme of this textbook is the use of public economics in formulating development policy. How to raise and spend revenues in order to promote development in practice involves second-best considerations, which the analysis of the role of international trade, liberalization, and other economic reforms must take into account. This item is printed on demand. Shipping may be from multiple locations in the US or from the UK, depending on stock availability. Seller Inventory # 9780198773672

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Book Description Condition: New. Dieser Artikel ist ein Print on Demand Artikel und wird nach Ihrer Bestellung fuer Sie gedruckt. Clive Bell s graduate text addresses the use of public economics in the formulation of development policy. Particular emphasis is placed on social cost-benefit analysis as a means to controlling public expenditure decisions.&Uumlber den Autorr. Seller Inventory # 446843148

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