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Shadow Prices for Costs and Benefits in the Regional Development Projects

Author

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  • Petr Halamek

    (Faculty of Economics and Administration, Masaryk University, Brno, Czech Republic)

Abstract

The paper concerns the setting of the shadow-prices for the costs and benefits of the regional development projects; the analysis is prepared on the output as well as on the impact level (long-run effects on the stakeholders). The article focuses on the most typical item connected with the regional development projects – creation of the new working places (increase of employment). The variables with important impact on quantification of the costs and benefits related to the new working places are analyzed in detail – number of the net jobs created, monthly savings for 1 working place and time period of their calculation.

Suggested Citation

  • Petr Halamek, 2006. "Shadow Prices for Costs and Benefits in the Regional Development Projects," Zagreb International Review of Economics and Business, Faculty of Economics and Business, University of Zagreb, vol. 9(Special C), pages 81-88, December.
  • Handle: RePEc:zag:zirebs:v:9:y:2006:i:sci:p:81-88
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    More about this item

    Keywords

    cost-benefit analysis; economic analysis; shadow prices for the jobs created;

    JEL classification:

    • H43 - Public Economics - - Publicly Provided Goods - - - Project Evaluation; Social Discount Rate
    • R15 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Econometric and Input-Output Models; Other Methods

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