The social appraisal of transport infrastructure
AbstractTransport infrastructure contributes to social welfare when a basic condition is fulfilled: social benefits should exceed social costs. It has been common to see infrastructure with a biased perspective leading to the belief that the more, the bigger and the more advance technologically the better. The concept of opportunity cost of public money does not seem to be understood by many who take crucial decisions on the construction of new large projects. In this paper, the economic evaluation of projects is defended as a way to avoid the construction of socially unprofitable projects.
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Bibliographic InfoArticle provided by Asociación Española de Ciencia Regional in its journal Investigaciones Regionales.
Volume (Year): (2009)
Issue (Month): 14 ()
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Cost benefit analysis; infrastructure; transport;
Find related papers by JEL classification:
- D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
- H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
- K23 - Law and Economics - - Regulation and Business Law - - - Regulated Industries and Administrative Law
- L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
- L91 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Transportation: General
- L97 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Utilities: General
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