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Resource Investments, Impact Distribution, and Evaluation Concepts

Author

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  • Robert J. Kalter
  • Thomas H. Stevens

Abstract

Governmental decisions on proposed resource investments have always been made within an implicit multidimensional social welfare function framework. Yet the equity consequences of public programs have never been evaluated on an equal basis with their contribution to national economic growth. A model designed to facilitate the measurement of such consequences is specified and applied to a case study. The model can be used in conjunction with different equity classifications, but the test considered the personal income distribution consequences of a proposed water resource investment. The distribution of efficiency benefits and positive intergroup transfers as well as cost and reimbursement questions are considered.

Suggested Citation

  • Robert J. Kalter & Thomas H. Stevens, 1971. "Resource Investments, Impact Distribution, and Evaluation Concepts," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 53(2), pages 206-215.
    • Handle: RePEc:oup:ajagec:v:53:y:1971:i:2:p:206-215.
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    File URL: http://hdl.handle.net/10.2307/1237433
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    Cited by:

    1. Zhi Xu, 1994. "Assessing Distributional Impacts of Forest Policies and Projects," Evaluation Review, , vol. 18(3), pages 281-311, June.
    2. Castle, Emery N. & Kelso, Maurice M. & Stevens, Joe B. & Stoevener, Herbert H., 1981. "PART III. Natural Resource Economics, 1946-75," AAEA Monographs, Agricultural and Applied Economics Association, number 337228, january.
    3. Forsythe, G.A., 1975. "An Assessment Of The Role Of Insurance And Structural Measures In Flood Mitigation Planning," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 43(02), pages 1-23, June.
    4. H. Spencer Banzhaf, 2009. "Objective or Multi-Objective? Two Historically Competing Visions for Benefit-Cost Analysis," Land Economics, University of Wisconsin Press, vol. 85(1), pages 3-23.

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