The Macroeconomic Analysis of Public Goods and Their Influence in the Region of Czech Republic

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F61989592%3A15210%2F16%3A33158937" target="_blank" >RIV/61989592:15210/16:33158937 - isvavai.cz</a>

Result on the web

<a href="http://dx.doi.org/10.20869/AUDITF/2016/136/444" target="_blank" >http://dx.doi.org/10.20869/AUDITF/2016/136/444</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.20869/AUDITF/2016/136/444" target="_blank" >10.20869/AUDITF/2016/136/444</a>

Result language

angličtina

Original language name

The Macroeconomic Analysis of Public Goods and Their Influence in the Region of Czech Republic

Original language description

In our region, the provision of public goods is one of the state's most important activities with society-wide impacts. However, this brings about continuously increasing pressure on all levels of public budgets which report increasing deficits from year to year. Therefore, the debate on the structure and scope of public budgets is legitimate and ongoing on a society-wide scale. Mainstream fiscal theory considers public goods to be one of the failures of market equilibrium classifying them as being close to positive externalities. In this case, the activity of the State brings benefits to other entities that are not involved in this activity and do not even directly pay for it. The main characteristics of these goods include irreducibility of their amount in society, non-excludability and non-rivalry. There are a number of goods between purely private and purely public goods which, to varying extents, exhibit both elements. Today, the majority of goods provided by the public sector are of such a nature; as a result, the form of allocation and the subsequent redistribution of resources are crucial when analysing public goods. Instead of the concept of public goods, being a purely economic one, legal theory uses the concepts of general use and special use, which are regulated by the laws governing various areas of public administration. The present paper analyses public goods from an economic and legal perspective using Cost-Benefit Analysis (CBA), including their efficiency and society-wide benefits.

Czech name

—

Czech description

—

Type

J_x - Unclassified - Peer-reviewed scientific article (Jimp, Jsc and Jost)

CEP classification

AH - Economics

OECD FORD branch

—

Project

—

Continuities

S - Specificky vyzkum na vysokych skolach

Publication year

2016

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Audit Financiar

ISSN

1583-5812

e-ISSN

—

Volume of the periodical

14

Issue of the periodical within the volume

4

Country of publishing house

RO - ROMANIA

Number of pages

11

Pages from-to

444-454

UT code for WoS article

—

EID of the result in the Scopus database

—