Regional Public Goods in Finance, Trade and Infrastructure

2013 ◽  
Author(s):  
Guillermo E. Perry
Keyword(s):  
Public Goods ◽  
Regional Public Goods

On the Essence and Tipology of International Public Goods

2005 ◽  
pp. 131-141
Author(s):  
V. Mortikov
Keyword(s):  
Economic Policy ◽  
Social Construction ◽  
Public Goods ◽  
Public Good ◽  
Global Public Goods ◽  
Club Goods ◽  
Basic Properties ◽  
International Public Goods ◽  
Regional Public Goods ◽  
Joint Products

The basic properties of international public goods are analyzed in the paper. Special attention is paid to the typology of international public goods: pure and impure, excludable and nonexcludable, club goods, regional public goods, joint products. The author argues that social construction of international public good depends on many factors, for example, government economic policy. Aggregation technologies in the supply of global public goods are examined.

Global Public Goods: A Survey

2021 ◽  
Vol 59 (2) ◽  
pp. 488-545
Author(s):  
Wolfgang Buchholz ◽  
Todd Sandler
Keyword(s):  
Public Goods ◽  
Theoretical Foundation ◽  
World Peace ◽  
Strategic Interactions ◽  
Global Public Goods ◽  
Novel Technologies ◽  
Cross Border ◽  
Regional Public Goods ◽  
Empirical Tests ◽  
And Behavior

This survey investigates the increasing importance of global public goods (GPGs) in today’s interdependent world, driven by ever-growing, cross-border externalities and public good spillovers. Novel technologies, enhanced globalization, and population increases are among the main drivers of the rise of GPGs. Key GPGs include curbing climate change, instituting universal regulatory practices, eradicating infectious diseases, preserving world peace, discovering scientific breakthroughs, and limiting financial crises. The survey presents a compact theoretical foundation for GPGs, grounded in the provision of public goods. Because countries may be contributors or noncontributors to a particular GPG, coalition formation and behavior play a role, as do strategic interactions between a contributor coalition and other countries. In the survey, recurrent themes include strategic considerations, alternative institutional arrangements, GPGs’ defining properties, new actors’ roles, and collective action concerns. The four properties of GPGs—benefit non-rivalry, benefit non-excludability, aggregator technology, and spillover range—influence the GPGs’ supply prognoses and the need for and form of provision intervention, which may affect the requisite institutional changes. Three representative case studies illustrate how theoretical insights inform policy and empirical tests. Regional public goods are shown to involve a question of subsidiarity and different actors compared to GPGs. (JEL C71, C72, D62, D70, H41, Q54)

Sign in / Sign up

Export Citation Format

Share Document