The macroeconomic analysis of public goods and their influence in the region of Czech Republic

In the region of Czech Republic, the provision of public goods is one of the State’s most important activities with society-wide impacts. 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 go...

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Main Author: Richard POSPÍŠIL
Format: Article
Language:English
Published: Chamber of Financial Auditors of Romania 2016-04-01
Series:Audit Financiar
Subjects:
Online Access: http://revista.cafr.ro/temp/Article_9470.pdf
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author Richard POSPÍŠIL
author_facet Richard POSPÍŠIL
author_sort Richard POSPÍŠIL
collection DOAJ
description In the region of Czech Republic, the provision of public goods is one of the State’s most important activities with society-wide impacts. 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. The present paper analyses public goods in the Czech Republic from an economic and legal perspective using Cost-Benefit Analysis, including their efficiency and society-wide benefits.
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spelling doaj.art-89dd03169f31461dabd93b71bc7d263a2022-12-22T01:29:33ZengChamber of Financial Auditors of RomaniaAudit Financiar1844-88012016-04-011413644445410.20869/AUDITF/2016/136/4449470The macroeconomic analysis of public goods and their influence in the region of Czech RepublicRichard POSPÍŠIL0 Department of Applied Economics, Faculty of Arts, Palacký University of Olomouc In the region of Czech Republic, the provision of public goods is one of the State’s most important activities with society-wide impacts. 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. The present paper analyses public goods in the Czech Republic from an economic and legal perspective using Cost-Benefit Analysis, including their efficiency and society-wide benefits. http://revista.cafr.ro/temp/Article_9470.pdf Public goodspublic economicsbenefitefficiencyfree-rider problemCost Benefit AnalysisCzech Republic.
spellingShingle Richard POSPÍŠIL
The macroeconomic analysis of public goods and their influence in the region of Czech Republic
Audit Financiar
Public goods
public economics
benefit
efficiency
free-rider problem
Cost Benefit Analysis
Czech Republic.
title The macroeconomic analysis of public goods and their influence in the region of Czech Republic
title_full The macroeconomic analysis of public goods and their influence in the region of Czech Republic
title_fullStr The macroeconomic analysis of public goods and their influence in the region of Czech Republic
title_full_unstemmed The macroeconomic analysis of public goods and their influence in the region of Czech Republic
title_short The macroeconomic analysis of public goods and their influence in the region of Czech Republic
title_sort macroeconomic analysis of public goods and their influence in the region of czech republic
topic Public goods
public economics
benefit
efficiency
free-rider problem
Cost Benefit Analysis
Czech Republic.
url http://revista.cafr.ro/temp/Article_9470.pdf
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