The use of ex post Cost-Benefit Analysis to assess the long-term effects of Major Infrastructure Projects
AbstractThis paper draws and expands from a recent ex-post evaluation carried out for the European Commission aimed at assessing the long term effects produced by a sample of ten major infrastructures in the Transport and Environment sectors and interpreting the key determinants of the observed performance. This evaluation study offered a unique opportunity to draw conclusions on the value of performing ex-post evaluations and to test an innovative evaluation design combining cost-benefit analysis (CBA) with qualitative assessment and adopting a long-run perspective (30 years), which extends into both the past and the future, and requires a mix of retrospective and prospective analysis. This paper presents the potential of ex-post CBA to assess long term impacts of major infrastructure projects and discusses some methodological and institutional implications related to its use.
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Bibliographic InfoPaper provided by Centre for Industrial Studies (CSIL) in its series Working Papers with number 201302.
Length: 18 pages
Date of creation: 22 May 2013
Date of revision:
Cost-benefit analysis; Ex-post evaluation; Infrastructures;
Find related papers by JEL classification:
- D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
- H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
- R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-06-24 (All new papers)
- NEP-ORE-2013-06-24 (Operations Research)
- NEP-PPM-2013-06-24 (Project, Program & Portfolio Management)
- NEP-TRE-2013-06-24 (Transport Economics)
- NEP-URE-2013-06-24 (Urban & Real Estate Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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Departmental Working Papers
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