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Author Eskeland, Gunnar S.

Title Public expenditures and environmental protection [electronic resource] : when is the cost of funds irrelevant? / Gunnar S. Eskeland.

Published Washington, D.C. : World Bank, Development Research Group, Public Economics, [2000]


Location Call No. Status
Series Policy research working paper ; 2507
Policy research working papers ; 2507.
World Bank e-Library.
Notes "December 2000"--Cover.
Title from title screen as viewed on Sept. 30, 2002.
Bibliography Includes bibliographical references (p. 26-27).
Summary Pigou's conjecture was that under costly taxation public expenditures should not reach the point where marginal benefits equal marginal costs. In the treatment here, public expenditures (and environmental protection) may provide public goods for consumption but also collective inputs for production. When the benefits are in production, the cost of funds is irrelevant. Why? Collective inputs benefit goods that are taxed, while for public goods the shadow price of funds reduces provision as if they were.
Other formats Also available in print.
Other author World Bank. Development Research Group. Public Economics.
Subject Environmental protection -- Economic aspects -- Econometric models.
Expenditures, Public -- Econometric models.
Public goods -- Costs -- Econometric models.
Taxation -- Econometric models.