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The use of ex post Cost-Benefit Analysis to assess the long-term effects of Major Infrastructure Projects

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Abstract

This paper draws and expands from a recent ex-post evaluation carried out for the European Commission aimed at assessing the long term effects produced by a sample of ten major infrastructures in the Transport and Environment sectors and interpreting the key determinants of the observed performance. This evaluation study offered a unique opportunity to draw conclusions on the value of performing ex-post evaluations and to test an innovative evaluation design combining cost-benefit analysis (CBA) with qualitative assessment and adopting a long-run perspective (30 years), which extends into both the past and the future, and requires a mix of retrospective and prospective analysis. This paper presents the potential of ex-post CBA to assess long term impacts of major infrastructure projects and discusses some methodological and institutional implications related to its use.

Suggested Citation

  • Massimo Florio & Silvia Vignetti, 2013. "The use of ex post Cost-Benefit Analysis to assess the long-term effects of Major Infrastructure Projects," Working Papers 201302, CSIL Centre for Industrial Studies.
  • Handle: RePEc:mst:wpaper:201302
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    1. Bråthen, Svein & Hervik, Arild, 1997. "Strait crossings and economic development : Developing economic impact assessment by means of ex post analyses," Transport Policy, Elsevier, vol. 4(4), pages 193-200, October.
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    3. Massimo Florio, 2007. "Introduction: Multi-government Cost–Benefit Analysis, Shadow Prices and Incentives," Chapters, in: Massimo Florio (ed.), Cost–Benefit Analysis and Incentives in Evaluation, chapter 1, Edward Elgar Publishing.
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    5. Michela Cella & Massimo Florio, 2009. "Hierarchical contracting in grant decisions: ex-ante and ex-post evaluation in the context of the EURegional Policy," Working Papers 171, University of Milano-Bicocca, Department of Economics, revised Jun 2009.
    6. Massimo FLORIO & Silvia VIGNETTI, 2003. "Cost-benefit analysis of infrastructure projects in an enlarged European Union: an incentive-oriented approach," Departmental Working Papers 2003-13, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    7. Massimo FLORIO, 2006. "Multi-government cost-benefit analysis: shadow prices and incentives," Departmental Working Papers 2006-37, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
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    Cited by:

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    2. Sallam, Walid & Ahmed, Osama, 2020. "The socio-economic assessment to evaluate the potentiality of developing the rural community in Upper Egypt," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, pages 143-165.
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    More about this item

    Keywords

    Cost-benefit analysis; Ex-post evaluation; Infrastructures;
    All these keywords.

    JEL classification:

    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • R58 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Regional Government Analysis - - - Regional Development Planning and Policy

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