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Q. What can we do then while aiming at the public policy?
From the above, one task emerges immediately, that is of quantifying all economic and non economic effects of a certain policy measure; presenting them whenever and wherever possible in the same or compatible units. Attempts in this direction are known as "Policy Process" or policy analysis. This activity has a clear cut advantage. If tends to bring various disciplines together to cooperate. This has been the fundamental motive behind development of the School of Synergetic economics. It is, due to the very complexity of the subject matter, it is no longer possible for a policy maker or a policy scientist who is skilled in one discipline to research a problem for policy that affects society without calling in help of researches from other disciplines.
In Policy science, an economist can be no longer afford to be merely an economist, he will feel as if he is no more than a technician and will be unable to make a society accept his proposals on their technical merits alone. In the same spirit, cost benefit analysis cannot be limited only to the study and evaluation of the direct effects of a certain project, but must include indirect effects as much as, is reasonably possible.
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The coordination problem relates us to not only the levels of activities like research and developments (R&D) and investments but also to the behaviour of institutions that charact
There has been a long history of research on ‘the policy process' which is ‘closely connected to efforts to examine the nature of power in society and to specify the necessary cond
QUESTION (i) "Public Sector data is seen as owned by everyone since it has been gathered about and from everyone, often compulsorily". Discuss the concepts of ‘Public data' whe
Problem: (a) What do you meant by public policy? What does the study of public policy involve? (b) How are problems that might lead to public policy identified and defined?
1.Suppose you are interested in assessing the value of a statistical life for individuals. You ?nd a dataset on risk and wages. You consider running the following OLS regression.
what are the principles of public debt?
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