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From internal efficiency to societal benefits – Multi modal transport safety agency's socio-economic impact analysis

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  • Mononen, Petri
  • Leviäkangas, Pekka
  • Haapasalo, Harri

Abstract

Pressures to cut public expenditure and to reach high value for money of projects that use scarce public money are evident across the globe. At the same time there seems to be a lack of decision support tools for pin-pointing whether public services are yielding net benefits. Accountability is called for but the ‘accounting systems’ that validate the right choices in service delivery are not yet thoroughly established. As a response, an impact evaluation via a real-world case study of a multi-modal transport safety agency is presented. The main contribution of this article is methodological, including a summary of study cordoning; description of methods to map impact mechanisms; quantification of socio-economic impacts of services; the benefit to cost (B/C) appraisal of services and service bundles, and evaluation of an agency's overall B/C ratio by applying the findings to systems level. The described analytical process is repeatable elsewhere with modifications or as it stands.

Suggested Citation

  • Mononen, Petri & Leviäkangas, Pekka & Haapasalo, Harri, 2017. "From internal efficiency to societal benefits – Multi modal transport safety agency's socio-economic impact analysis," Research in Transportation Economics, Elsevier, vol. 66(C), pages 78-90.
    • Handle: RePEc:eee:retrec:v:66:y:2017:i:c:p:78-90
    DOI: 10.1016/j.retrec.2017.05.002
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    References listed on IDEAS

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    Cited by:

    1. Leviäkangas, Pekka & Molarius, Riitta, 2020. "Open government data policy and value added - Evidence on transport safety agency case," Technology in Society, Elsevier, vol. 63(C).

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    More about this item

    Keywords

    Transport; Agency; Public service; Administration; Evaluation; Cost-benefit analysis; Appraisal; Value for money; Socio-economic impacts;
    All these keywords.

    JEL classification:

    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
    • H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government

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