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Drawing on the principles of welfare economics and public finance, this second edition of Cost-Benefit Analysis: Theory and Application provides the theoretical foundation for a general framework within which costs and benefits are identified and assessed from a societal perspective. With a thorough coverage of cost-benefit concepts and their underlying theory, the volumecarries the reader through the steps of a typical evaluation process, including the identification, measurement, and comparison of costs and benefits, and project selection. Topics include alternative measures of welfare change, such as the concepts of consumer surplus and compensating and equivalent variation measures, shad...
This book provides an in-depth analysis of Turkey's 1980-90 stabilization and liberalization experience by tracing the complexities and dynamics of Turkey's unique economic and policy environments.
The author introduces "the foundation of relevant economic theory," outlines "the steps involved in a typical cost-benefit analysis," and addresses "topics such as consumer surplus, compensating variation, equivalent variation, shadow pricing, income distribution, and much more."--Cover.
Providing valuable lessons for emerging economies, this book examines Turkeya (TM)s economic development and growth from the early 1920s to the present, and documents its transformation to a thriving market economy in the process of negotiating its entry into the EU.
This book is a study of Third World economic development and the factors which have made development so elusive. It discusses the policy reform necessary to spur development as well as the relationship between development theory and policy. The author argues that the key to successful development policy is through reduced state intervention, and that to the extent state intervention is necessary, it should be through rather than against the market mechanism.
Public-Private Partnerships aims to discover the conditions under which public private partnerships may provide a viable alternative to the provision of public services and infrastructures by the state, while achieving efficient, sustainable, peaceful, and equitable development in four transition countries: China, Poland, Russia, and Ukraine. These countries have experienced command economy under communist rule for at least thirty years. They have only recently introduced market mechanisms. In spite of a huge literature in favor of public private partnerships in the west, scientific empirical evidence is generally mixed and balanced. Success or failure depends upon many factors that need to ...
The Republic of Turkey celebrates the centenary of its proclamation in 2023. Founded on the ruins of the Ottoman Empire, one of the world’s greatest empires both in terms of its geographical extent and its longevity, Republican Turkey has gone through a century of profound and constant changes and transformations from politics to society, economy to religion, or culture to history. These changes have been produced by inner and foreign policies carried out and implemented by the country’s leaders – from Atatürk, the founder of modern Turkey to Recep Tayyip Erdoğan, the current Turkish President in 2023 - but also under the influence of the regional and international context. This coll...
The first comprehensive review of the past and present of a leading sector, the volume offers a new interpretation of society and market in South Korea.