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Cost Benefit Analysis and its Role in Investment Projects in Agriculture

Author

Listed:
  • Sorina Simona BUMBESCU

    (1 Decembrie 1918 University, Alba Iulia, România)

  • Alina VOICULESCU

    (1 Decembrie 1918 University, Alba Iulia, România)

Abstract

The investment projects have of particular importance for the development and progress of an organization. The development of investment projects involves making a decision and the existence of financial resources. The agriculture has specific features and contributes significantly to the gross domestic product, which is why channeling the investments to agriculture must be a priority. In this context, the cost-benefit analysis is a useful tool for evaluation and analysis of the investment projects, contributing significantly to the decision making regarding the choice of the optimal project. The objective of this article is to highlight the importance of cost-benefit analysis for the projects investment financed by the European Union through the Rural National Development Program 2007-2013, under axis IV LEADER. The article is structured in two parts which contains theoretical aspects and a case study. Thus it is made an overview of the investment, funding sources of the investment projects, the investment decision, the relevance of cost-benefit analysis for the investment projects. The case study aims to analyze the relationship between the results of the investment projects which include cost-benefit analysis and those that do not inlcude cost-benefit analysis.

Suggested Citation

  • Sorina Simona BUMBESCU & Alina VOICULESCU, 2014. "Cost Benefit Analysis and its Role in Investment Projects in Agriculture," Hyperion Economic Journal, Faculty of Economic Sciences, Hyperion University of Bucharest, Romania, vol. 2(4), pages 44-53, December.
    • Handle: RePEc:hyp:journl:v:2:y:2014:i:4:p:44-53
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    File URL: http://hej.hyperion.ro/articles/4(2)_2014/HEJ%20nr4(2)_2014_Y2Bumbescu.pdf
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    Citations

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    Cited by:

    1. Czubak, Wawrzyniec & Pawłowski, Krzysztof Piotr & Sadowski, Arkadiusz, 2021. "Outcomes of farm investment in Central and Eastern Europe: The role of financial public support and investment scale," Land Use Policy, Elsevier, vol. 108(C).

    More about this item

    Keywords

    cost-benefit analysis; agriculture; projects; investments; decision;
    All these keywords.

    JEL classification:

    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • Q14 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Finance

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