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Transport Investment Appraisal and the Environment

Author

Listed:
  • Peter Nijkamp

    (FEWEB, Vrije Universiteit Amsterdam)

  • Barry Ubbels

    (FEWEB, Vrije Universiteit Amsterdam)

  • Erik Verhoef

    (FEWEB, Vrije Universiteit Amsterdam)

Abstract

This review considers the role of environmental effects in transport investment appraisal, mainly from the perspective of cost-benefit analysis, the most widely adopted appraisal technique. Although the basic principles of CBA are straightforward, several complications are identified that may play an important role in practical CBA's. These include second-best aspects, difficulties with discounting and with the spatial scope of CBA's, and the relation between CBA and the popular but multi-faceted and often ill-defined policy concept of sustainable development.

Suggested Citation

  • Peter Nijkamp & Barry Ubbels & Erik Verhoef, 2002. "Transport Investment Appraisal and the Environment," Tinbergen Institute Discussion Papers 02-104/3, Tinbergen Institute.
    • Handle: RePEc:tin:wpaper:20020104
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    File URL: https://papers.tinbergen.nl/02104.pdf
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    Citations

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    Cited by:

    1. Caulfield, Brian & Bailey, Diarmuid & Mullarkey, Shane, 2013. "Using data envelopment analysis as a public transport project appraisal tool," Transport Policy, Elsevier, vol. 29(C), pages 74-85.
    2. Cundric, A. & Kern, T. & Rajkovic, V., 2008. "A qualitative model for road investment appraisal," Transport Policy, Elsevier, vol. 15(4), pages 225-231, July.

    More about this item

    Keywords

    Transport; cost-benefit analysis; environment.;
    All these keywords.

    JEL classification:

    • R42 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Government and Private Investment Analysis; Road Maintenance; Transportation Planning
    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General

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