000			01706naa a2200181uu 4500
001			0060812525937
003			OSt
005			20190211172617.0
008			100608s1995 xx ||||gr |0|| 0 eng d
100	1		_aBRADDOCK, David _941010
245	1	0	_aThe use of regional economic models in conducting net present value analysis of development programs
260			_aNew York : _bMarcel Dekker, _c1995
520	3		_aEconomic impact analysis may be combined with state tax models to produce cash flows of benefits and costs. Benefits from added employment accrue to the state from tax receipts and business payments into state unemployment compensation programs. Costs accrue from programmatic expenditures. Economic development program decisions may be made on the basis of net present value calculations. Thus, Government is analyzed as though it were a private company. The argument is made here that benefits should be l discounted at the marginal cost of capital because the alternative to taxation is use of tax funds by citizens at their marginal cost. Government programmatic costs should be discounted at the average cost of capital because public funds are deposited in financial institutions before expenditure. Interest payments are deposited by financial institutions to public accounts. The interest rate represents an estimate of the average cost of capital and is considered here as an alternative use of state funds; the public opportunity cost.
773	0	8	_tInternational Journal of Public Administration - IJPA _g18, 1, p. 59-81 _dNew York : Marcel Dekker, 1995 _xISSN 01900692 _w
942			_cS
998			_a20100608 _b1252^b _cDaiane
998			_a20100616 _b1030^b _cCarolina
999			_aConvertido do Formato PHL _bPHL2MARC21 1.1 _c34176 _d34176
041			_aeng