Economics of Public Policy
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Authors
Philip, Abey
Ancy, S.
Date
2009Type
Journal Article
Metadata
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Philip, Abey and Ancy, Sara. 2009. Economics of Public Policy. The ICFAI Journal of Public Administration. 5 (1): pp. 66-74.
Source Title
The ICFAI Journal of Public Administration
ISSN
Faculty
Sarawak
School of Business
Miri Campus
School
CBS - Faculty Office
Collection
Abstract
Public policymaking and analysis is a part of social science and evolved as a solution to the social problems. Government intervention in the economic system necessitates policymaking. Market failure at different levels is considered to be the cause for public policymaking. Economic policymaking is about resource allocation, regulation and redistribution policies. This article also discusses the issues of equity and efficiency in public policymaking.
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