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Analysis of international experience in using the cost-benefit comparison method for evaluating socially significant projects and development of proposals for its application in Russia
[Анализ Международного Опыта Использования Метода Сопоставления Издержек И Выгод Для Оценки Общественно Значимых Проектов И Разработка Предложений По Его Применению В России]

Author

Listed:
  • Melnikov, Roman (Мельников, Роман)

    (Russian Presidential Academy of National Economy and Public Administration (RANEPA))

  • Krasnoshekov, Valentin (Краснощеков, Валентин)

    (Russian Presidential Academy of National Economy and Public Administration (RANEPA))

  • Borovikova, Elena (Боровикова, Елена)

    (Russian Presidential Academy of National Economy and Public Administration (RANEPA))

  • Margolin, Andrey (Марголин, Андрей)

    (Russian Presidential Academy of National Economy and Public Administration (RANEPA))

  • Gerasimov, Ivan (Герасимов, Иван)

    (Russian Presidential Academy of National Economy and Public Administration (RANEPA))

  • Serikov, Pavel (Сериков, Павел)

    (Russian Presidential Academy of National Economy and Public Administration (RANEPA))

Abstract

The paper considers the international experience of applying cost benefit analysis for the assessment of socially important projects and programmes, substantiating suggestions to adapt it to the Russian context. A critique is provided of the methodologies adopted by the Russian authorities and development institutions to evaluate infrastructure projects and programmes funded from the state budget and employing public-private partnership schemes. A method for the assessment of demonstration effects of import substitution projects is justified, which is based on the use of the real option framework. The possibilities for practical application of a cost benefit methodology under the Russian conditions are demonstrated via the example of financial models of the creation of a pharmaceutical plant and a long distance oil pipeline. The authors suggest a methodology for the assessment of the economic efficiency of investment into land infrastructure development, as piloted in the Southern Federal District.

Suggested Citation

  • Melnikov, Roman (Мельников, Роман) & Krasnoshekov, Valentin (Краснощеков, Валентин) & Borovikova, Elena (Боровикова, Елена) & Margolin, Andrey (Марголин, Андрей) & Gerasimov, Ivan (Герасимов, Иван) & , 2016. "Analysis of international experience in using the cost-benefit comparison method for evaluating socially significant projects and development of proposals for its application in Russia [Анализ Межд," Working Papers 2861, Russian Presidential Academy of National Economy and Public Administration.
    • Handle: RePEc:rnp:wpaper:2861
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    References listed on IDEAS

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