Resource Investments, Impact Distribution, and Evaluation Concepts

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Abstract
Governmental decisions on proposed resource investments have always been made within an implicit multidimensional social welfare function framework. Yet the equity consequences of public programs have never been evaluated on an equal basis with their contribution to national economic growth. A model designed to facilitate the measurement of such consequences is specified and applied to a case study. The model can be used in conjunction with different equity classifications, but the test considered the personal income distribution consequences of a proposed water resource investment. The distribution of efficiency benefits and positive intergroup transfers as well as cost and reimbursement questions are considered.

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