Covering the social costs of market failure – the unsub of the value added

Theoretical and Applied Economics

卷:XXI

Teodora I. DINU¹  Cătălin D. DUMITRICĂ¹ 

[1] National University of Political Studies and Public Administration, Romania;

关键词: regional development;    market failure;    public administration;    social costs;   

DOI  :  

来源: DOAJ

【 摘 要 】

The article presents some of the conclusions of a larger research projectaiming at creating a map of the decisions on negative externalities in the regionaldevelopment and collaborative governing framework.The present regional development models that are focused on the sustainabledevelopment (human sustainability, social sustainability, economic sustainability,environmental sustainability) represent the result of the mechanisms quantifyingthe negative externalities costs on the local authorities’ level. The negativeexternalities represent an assigning criterion based on the subsidiarity principle,especially with regard to the “beggar thy neighbor” policies, namely theenvironmental pollution, and this provision is in itself a reason for the nationaleconomies to act in case of negative externalities. The public decision on coveringthe negative externalities, taken in accordance with the economic approach ofsubsidiarity pertaining to the multilevel governance provides a balanced solutionfor all the interested parties – citizens, economic agents and the government (whoare designing a map for covering the social costs raised by the negativeexternalities , which must be in accordance with both the national and Europeandecisions, but, at the same time, suspending this map whenever it is in conflict withthese decisions cannot be an answer, thus leaving the social costs uncovered).

【 授权许可】

Unknown