A cost-benefit approach to the evaluation of regional selective assistance

John Swales ()

Fiscal Studies, 1997, vol. 18, issue 1, 73-85

Abstract: The ‘Green Book’ and the recent EGRUP report support exchequer cost per job as a key input in the ex-ante appraisal of individual applications for Regional Selective Assistance (RSA) and the ex-post evaluation of the RSA scheme as a whole. In this paper, following a recommendation in the House of Commons Trade and Industry Committee’s report on regional policy, the merits of an alternative, explicitly cost-benefit, framework are outlined. This approach incorporates the administration and compliance costs of the subsidy, costs at present ignored in RSA evaluation studies. An optimal ex-ante appraisal rule is developed. This takes the form of a cost-per-job ceiling, and a representative value is calculated for this figure.

JEL-codes: H20 (search for similar items in EconPapers)
Date: 1997
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Citations: View citations in EconPapers (12)

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