Titlebook: Economic Effects of Public Investment; An Emphasis on Marsh Hirotada Kohno Book 2016 The Editor(s) (if applicable) and The Author(s), under

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Definition of Economic Effects, Necessity of Measurement, Prototype Model, and Externalities,In this chapter, we are investigating economic effects brought about by public investment, especially theory and measurement of indirect economic effects.

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Time-Saved Evaluation and Social Discount Rate,me required are in terms of physical unit of hour and minute, which must be converted to these in terms of money so as to add up the other various effects together. What acts as intermediary to this conversion is the “monetary evaluation rate of the saved time” (below, based on [12], [10], [11], etc.).

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,Formation Process of Marshallian External Economies: Number 3—Technological and Marketable Propagatexists the technological–marketable external economies induced at the stage on the way comes to be the main subject; that is, which is the analysis as to ..?→?.., ..?→?.., ..?→?.., ..?→?.., and subsequent price fall (..?→?..). (hereinafter, see Kohno [1], pp. 8–29); for the price .., see note (4) of Fig. 5.1).

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