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Resource Investments, Impact Distribution, and Evaluation Concepts
Author(s) -
Kalter Robert J.,
Stevens Thomas H.
Publication year - 1971
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.2307/1237433
Subject(s) - equity (law) , social welfare function , resource (disambiguation) , public economics , economics , distribution (mathematics) , resource distribution , investment (military) , income distribution , microeconomics , welfare , actuarial science , environmental economics , business , resource allocation , inequality , computer science , computer network , mathematical analysis , mathematics , politics , political science , law , market economy
Governmental decisions on proposed resource investments have always been made within an implicit multidimensional social welfare function framework. Yet the equity consequences of public programs have never been evaluated on an equal basis with their contribution to national economic growth. A model designed to facilitate the measurement of such consequences is specified and applied to a case study. The model can be used in conjunction with different equity classifications, but the test considered the personal income distribution consequences of a proposed water resource investment. The distribution of efficiency benefits and positive intergroup transfers as well as cost and reimbursement questions are considered.