Public Goods in Lithuania‘s Regions: Human and Social Capital
Journal Title: Ekonomika ir Vadyba: Aktualijos ir Perspektyvos - Year 2013, Vol 31, Issue 3
Abstract
There are a lot of discussions on rural vitality, attractiveness to live and measures to retain rural population, farmers' welfare, of nurturing and support of rural values. The attractiveness, viability of territories depends on many factors - demographic composition of population, employment opportunities, infrastructure availability and accessibility, etc. However, regional economic conditions and social outcomes depend also on the provision of public goods in area. The definition of public good arose in economics theory. This definition includes such goods and services that are not delivered through the market but the society values and needs them. The main characteristics of public goods were identified in 1954 by P. Samuelson: non-rivalry and non-excludability. Non-rivalry means that if the good is consumed by one person, it does not reduce the benefit availability to others. Non-excludability means that if the good is available to one person, others cannot be excluded from enjoying its benefits. The main provider of public goods is the state, and the supply of public goods is usually identified as the facilities, parks, reserves, objects of recreation, etc. However, the human and social capitals of residents have fundamental characteristics of public goods: they are both non-excludable and non-rival and they provide benefit more than for the owner of this sort of capital. Keywords: public goods, human capital, social capital, the rurality of the territory
Authors and Affiliations
Lina Pareigienė , Lietuvos agrarinės ekonomikos institutas
Keywords
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