National government intervention in financing LGU projects with environmental objectives
Market failures due to, among other factors, the presence of externalities, incomplete markets and ill-defined property rights provide a rationale for government intervention since private market provision will tend to lead to inefficient location and use of natural resources and the environment. An...
| Published in: | Philippine Review of Economics and Business (formerly The Philippine Review of Business and Economics) Vol. XXXIV, no. 2 (Dec. 1997), 143-189 |
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| Format: | Article |
| Language: | English |
| Published: |
1997
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| Subjects: |