IDEAS home Printed from https://ideas.repec.org/p/hal/spmain/hal-01109435.html
   My bibliography  Save this paper

Project Appraisal and Long Term Strategic Vision

Author

Listed:
  • David Meunier

    (LVMT - Laboratoire Ville, Mobilité, Transport - IFSTTAR - Institut Français des Sciences et Technologies des Transports, de l'Aménagement et des Réseaux - UPEM - Université Paris-Est Marne-la-Vallée - ENPC - École des Ponts ParisTech)

  • Alain Quinet

    (Sciences Po - Sciences Po)

  • Emile Quinet

    (PSE - Paris-Jourdan Sciences Economiques - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - INRA - Institut National de la Recherche Agronomique - EHESS - École des hautes études en sciences sociales - ENPC - École des Ponts ParisTech - CNRS - Centre National de la Recherche Scientifique, PSE - Paris School of Economics - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - ENPC - École des Ponts ParisTech - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement)

Abstract

France is reviewing its long-lived socio-economic appraisal of infrastructure projects, and recently a Commission has issued a report on this subject. After a rapid view of its conclusions we focus on some specific points more closely related to the present situation, marked by risk and possible changes in the rate and structure of economic growth, mainly due to environmental and energy constraints. The use of low discount rates together with growing uncertainties on future economic growth and climate change outcomes and counter-measures eagerly calls for research on long term issues. It becomes necessary to define a consistent, long term, strategic vision as an appropriate input for correct project appraisal, based on a set of scenarios. We discuss and illustrate concretely the changes that would be induced in investment choice procedures and CBA practice.

Suggested Citation

  • David Meunier & Alain Quinet & Emile Quinet, 2014. "Project Appraisal and Long Term Strategic Vision," SciencePo Working papers Main hal-01109435, HAL.
    • Handle: RePEc:hal:spmain:hal-01109435
    DOI: 10.1016/j.trpro.2014.07.008
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    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:hal:spmain:hal-01109435. 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: Contact - Sciences Po Departement of Economics (email available below). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    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.