The Implications of the Net Fiscal Benefits Criterion for Cost Sharing in Flood Control Projects.
Abstract
The research, based on accepted theory of public finance and grounded in welfare economics theory, reaches important findings in a number of controversial areas. First, it is concluded that the net fiscal benefits criterion has important advantages in the determination of what local governments would be willing to contribute to the cost of flood control projects, but somewhat less applicability to the analysis of economic efficiency benefits and costs from a national perspective. Second, its value in assessing relative effectiveness of investment from the federal government's perspective is negligible, since a portion of individual income gains are returned as tax revenues for all possible types of Federal expenditures. (Author)
Document Details
- Document Type
- Technical Report
- Publication Date
- Sep 30, 1971
- Accession Number
- AD0734834
Entities
People
- Michael D. Sherman
- Robert W. Rafuse Jr.