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

Kód výsledku v 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>

Výsledek na webu

<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>

Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

Druh

J_x - Nezařazeno - Článek v odborném periodiku (Jimp, Jsc a Jost)

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2016

Kód důvěrnosti údajů

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

Název periodika

Audit Financiar

ISSN

1583-5812

e-ISSN

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Svazek periodika

14

Číslo periodika v rámci svazku

4

Stát vydavatele periodika

RO - Rumunsko

Počet stran výsledku

11

Strana od-do

444-454

Kód UT WoS článku

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EID výsledku v databázi Scopus

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