IDEAS home Printed from https://ideas.repec.org/p/oec/itfaab/2016-06-en.html
   My bibliography  Save this paper

Quantifying the Socio-Economic Benefits of Transport: Roundtable Summary and Conclusions

Author

Listed:
  • Daniel Veryard

    (International Transport Forum)

Abstract

Socio-economic cost-benefit analysis (CBA) is a powerful framework that can be very useful to governments making investment decisions. However the standard application of transport CBA has room for improvement. This paper describes efforts to improve the quality of transport CBA and its applicability to decision making. Three areas are addressed in detail: strategies for making the most of CBA, valuing and forecasting reliability benefits, and capturing wider economic impacts. The report is based on the papers and discussions at a Roundtable meeting of 30 experts held in Paris in November 2015. Roundtable participants took the view that a multi-faceted approach is needed to address the shortfalls; CBA theory and practice need to be gradually expanded to incorporate more impacts in the rigorous valuation and forecasting framework; and CBA results need to be more effectively linked to other criteria in the broader decision-making framework, including by bringing in a more diverse evidence base.

Suggested Citation

  • Daniel Veryard, 2016. "Quantifying the Socio-Economic Benefits of Transport: Roundtable Summary and Conclusions," International Transport Forum Discussion Papers 2016/06, OECD Publishing.
    • Handle: RePEc:oec:itfaab:2016/06-en
    DOI: 10.1787/5f2b8451-en
    as

    Download full text from publisher

    File URL: https://doi.org/10.1787/5f2b8451-en
    Download Restriction: no
    File URL: https://libkey.io/10.1787/5f2b8451-en?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oec:itfaab:2016/06-en. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: the person in charge (email available below). General contact details of provider: https://edirc.repec.org/data/itoecfr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.