IDEAS home Printed from https://ideas.repec.org/a/pal/ecolmr/v2y2008i12p57-67.html
   My bibliography  Save this article

Methods explained: Cost-benefi t analysis

Author

Listed:
  • Barry Williams

    (Office for National Statistics)

Abstract

Methods explainedThe concept of cost-benefit analysis (CBA) originated in the UnitedStates in the 1930s where it was used to create a solution toproblems of water provision. The process arrived in the UK in the1960s for use in the transportation sector, where it was applied tothe construction of the M1 motorway and the Victoria Line on theLondon Underground. In recent years, CBA has found a new homein environmental policy, where there is increasing pressure to makeinformed policy decisions which take account of long-term costsand benefits. This article aims to explain the principles and methodsbehind CBA in a concise, introductory manner.

Suggested Citation

  • Barry Williams, 2008. "Methods explained: Cost-benefi t analysis," Economic & Labour Market Review, Palgrave Macmillan;Office for National Statistics, vol. 2(10), pages 57-67, December.
    • Handle: RePEc:pal:ecolmr:v:2:y:2008:i:12:p:57-67
    as

    Download full text from publisher

    File URL: http://www.palgrave-journals.com/elmr/journal/v2/n12/pdf/elmr2008190a.pdf
    File Function: Link to full text PDF
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: http://www.palgrave-journals.com/elmr/journal/v2/n12/full/elmr2008190a.html
    File Function: Link to full text HTML
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Akbulut, Hale & Seçilmiş, Erdem, 2019. "Estimation of a social discount rate for Turkey," Socio-Economic Planning Sciences, Elsevier, vol. 67(C), pages 78-85.

    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:pal:ecolmr:v:2:y:2008:i:12:p:57-67. 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: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave-journals.com/ .

    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.