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    Economics of Public Policy

    Access Status
    Fulltext not available
    Authors
    Philip, Abey
    Ancy, S.
    Date
    2009
    Type
    Journal Article
    
    Metadata
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    Citation
    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
    0973225X
    Faculty
    Sarawak
    School of Business
    Miri Campus
    School
    CBS - Faculty Office
    URI
    http://hdl.handle.net/20.500.11937/11785
    Collection
    • Curtin Research Publications
    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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