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Cost-Benefit Analysis of Road Infrastructure Projects

Author

Listed:
  • Cristian Bricicaru

    (Babes-Bolyai University, Faculty of Economics and Business Administration)

  • Ioana Natalia Beleiu

    (Babes-Bolyai University, Faculty of Economics and Business Administration)

Abstract

The paper deals with the Cost-Benefit Analysis of road safety investment projects. Improving road safety can be much more effective when the data collected from road accidents can be merged with economic assessments based on the costs of the proposed interventions and the resulted benefits to society. In this paper, we performed such an evaluation for a list of black spots on the national road network in Romania, following the appropriate methodological literature, and based on statistics provided by the National Highway Company in Romania.

Suggested Citation

  • Cristian Bricicaru & Ioana Natalia Beleiu, 2022. "Cost-Benefit Analysis of Road Infrastructure Projects," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 23(1), pages 150-162, March.
    • Handle: RePEc:rom:rmcimn:v:23:y:2022:i:1:p:150-162
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    File URL: https://www.rmci.ase.ro/no23vol1/11.pdf
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    References listed on IDEAS

    as
    1. Victor Marian DUMITRACHE & Marian NASTASE & Valentin LAZAR & Cosmin ANDREICA & Petrut Cristian VASILACHE, 2021. "EU28 Countries Performance in eGovernment in 2019-2020," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 22(1), pages 102-109, January.
    2. Abelson, Peter, 2020. "A Partial Review of Seven Official Guidelines for Cost-Benefit Analysis," Journal of Benefit-Cost Analysis, Cambridge University Press, vol. 11(2), pages 272-293, July.
    3. Razvan NISTOR & Ioana Natalia MURESAN, 2012. "Means of Improving the Management of Projects Financed by the European Union," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 13(4), pages 535-542, October.
    4. Rhiannon Tudor Edwards & Catherine Louise Lawrence, 2021. "‘What You See is All There is’: The Importance of Heuristics in Cost-Benefit Analysis (CBA) and Social Return on Investment (SROI) in the Evaluation of Public Health Interventions," Applied Health Economics and Health Policy, Springer, vol. 19(5), pages 653-664, September.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    project; investment; cost; benefit; safety; infrastructure;
    All these keywords.

    JEL classification:

    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures

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