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Cost–Benefit Assessment of Public Investments in France: The Use of Counter-Experts

Author

Listed:
  • Luc Baumstark

    (Secrétariat général pour l'investissement)

  • Roger Guesnerie

    (PSE - Paris School of Economics - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - ENPC - École des Ponts ParisTech - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement, PJSE - Paris Jourdan Sciences Economiques - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - ENPC - École des Ponts ParisTech - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement, Committee of Experts on Methods for Socioeconomic Evaluation of Public Investment)

  • Jincheng Ni

    (France Stratégie)

  • Jean-Paul Ourliac

    (Committee of Experts on Methods for Socioeconomic Evaluation of Public Investment)

Abstract

Socioeconomic evaluation of a public investment helps to understand its value for the community, and it also improves an investment by analyzing its different components, and the risks inherent in its completion. The Act of 31 December 2012 about Public Finance Planning makes it mandatory in France for project sponsors to conduct an ex-ante socioeconomic evaluation of all public civil investments made by the State and its public institutions. An independent counter-expert assessment of the ex-ante socioeconomic evaluation is conducted for the largest projects. A permanent committee of experts has been established to specify the methodological rules for socioeconomic evaluation and define the studies and research necessary.

Suggested Citation

  • Luc Baumstark & Roger Guesnerie & Jincheng Ni & Jean-Paul Ourliac, 2021. "Cost–Benefit Assessment of Public Investments in France: The Use of Counter-Experts," PSE-Ecole d'économie de Paris (Postprint) halshs-03247663, HAL.
    • Handle: RePEc:hal:pseptp:halshs-03247663
    DOI: 10.1017/bca.2020.30
    as

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