| 翻訳と辞書 |
| Flypaper effect ： ウィキペディア英語版 |
Flypaper effect
The flypaper effect is a concept from the field of public finance that suggests that a government grant to a recipient municipality increases the level of local public spending more than an increase in local income of an equivalent size. When a dollar of exogenous grants to a community leads to significantly greater public spending than an equivalent dollar of citizen income: money sticks where it hits, like a fly to flypaper. Grants to the government will stay in the hands of the government and income to individuals will stay with these individuals.
==Founding==
The concept was first described in a metaphorical way by Arthur Okun in response to the research of his colleague Edward Gramlich, which was published in 1979 as ''The Stimulative Effects of Intergovernmental Grants''. Gramlich, together with Courant and Rubinfeld, sought an explanation for the phenomenon that nonmatching grants stimulate much more local spending per dollar of grant than does income going to private citizens within the community. The flypaper effect in this paper is defined as: “bureaucrats and politicians find it easier to avoid cutting taxes when the government receives revenue-sharing monies than they do to raise taxes when some exogenous event raises the income of the community.”
In this case, the finding was that a grant from federal government to local government would raise spending of that local government by a greater amount than an equivalent increase in local income.〔 Local public resources come from both fiscal transfers from the central government in the form of grants and from the income of individuals. Henderson and Gramlich specified the demand equations of individuals by maximizing their utility subject to that individual's income constraint, which is specified as the sum of personal income and the individual's share of his government's unconstrained fiscal transfers. This specification would mean that the individual income and the individual's share of the fiscal transfers would have an identical impact on spending. The Flypaper effect however suggests that this is not the case. This can be described as an anomaly since it is difficult to rationalize: one would expect that a government grant and an equivalent increase in local income to have the same effect.
抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』
■ウィキペディアで「Flypaper effect」の詳細全文を読む
スポンサード リンク
| 翻訳と辞書 : 翻訳のためのインターネットリソース |
Copyright(C) kotoba.ne.jp 1997-2016. All Rights Reserved.
|
|