A conceptual note on accounting for budget internalities in public policy making

Authors: Fleming, Euan; Dollery, Brian

Source: Impact Assessment and Project Appraisal, Volume 26, Number 1, March 2008 , pp. 67-70(4)

Publisher: Beech Tree Publishing

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Abstract:

In a recent paper, Fleming, Heinecke and Dollery (2007) developed the government failure taxonomic system advanced by Charles Wolf into a conceptual framework to incorporate positive and negative internalities for analyzing public programs and policies. However, their paper unfortunately ignored the treatment of budget internalities, often an important question in real-world policy applications. This neglect is remedied in the present note by extending the analytical framework to include this important type of internal cost.

Keywords: BUDGET INTERNALITIES; EXTERNALITIES; GOVERNMENT

Document Type: Research article

DOI: 10.3152/146155108X279966

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