1st Edition

Cost-Benefit Analysis of Multi-Level Government The Case of EU Cohesion Policy and of US Federal Investment Policies

By Alessandro Ferrara Copyright 2010
352 Pages
by Routledge

352 Pages
by Routledge

320 Pages
by Routledge

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... Read more

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

Biography

Dr Alessandro Ferrara gained his PhD in Economics at the Department of Economics and Related Studies, University of York, UK. After having been responsible for cost-benefit analysis at the Evaluation Unit, Directorate General Regional Policy, European Commission, he is currently working as a specialist in economic modelling at the Unit of Economic and Quantitative Analysis, Additionality of the same Directorate General.