ISSN:
1435-5957
Source:
Springer Online Journal Archives 1860-2000
Topics:
Geography
,
Economics
Notes:
Summary There are three major criteria which determine whether or not an economic development program or any of its elements (such as a new plant) can make a positive contribution to the economic development and welfare of a city or region. These criteria, relating to income, public finance, and environmental quality, can be presented symbolically in terms of the model presented. The necessary conditions are: (1) $$\frac{{X_{H_{t - 1} } }}{{P_t }} 〉 \frac{{X_{H_{t - 1} } }}{{P_{t - 1} }},$$ (2) $$\frac{{G_t - T_t }}{{P_t }}〈 \frac{{G_{t - 1} - T_{t - 1} }}{{P_{t - 1} }}.$$ $$Q_t - C_t 〉 Q_{t - 1} - C_{t - 1} or Q_t - B_t 〉 Q_{t - 1} - B_{t - 1} .$$ Where:X H =regional personal incomes,G=regional government expenditures,T=regional government revenues,P=regional population,Q=environmental benefits,C=environmental costs,B=cost of environmental restoration, andt=time period. The values for these variables are determined after all of the direct, indirect, and induced effects have been worked out through the general equilibrium model for any proposed development program or project.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1007/BF01982510
Permalink
