scholarly journals The Mighty Waves of Regulatory Reform: Regulatory Budgets and the Future of Cost-Benefit Analysis

Author(s):  
James Broughel
Author(s):  
Trinh Phuong Ngoc ◽  
Hoang Xuan Co

The study focuses on assessing the effectiveness of bauxite mining and processing in the Central Highlands through the example of Tan Rai (Lam Dong) and Nhan Co (Dak Nong) bauxite-alumina complexes by the method of extended cost benefit analysis. External costs have been localized to be taken into account, including opportunity costs, environmental costs, corporate social responsibility costs and contingency costs for environmental incidents. The results showed that if calculating the environmental costs, the Tan Rai complex does not bring effectiveness for society with a negative NPV value (VND -5,167,422 million), IRR (6.27%) is lower than the discount (10%); Nhan Co complex is effective with positive NPV (VND 145,862 million), IRR (10.1%) is higher than the discount (10%), but the operation of this complex is risky when analyzing the sensitivity of the indicators. A ton of alumina will require an average from VND 0.7 to 0.9 million of environmental costs. In a year, two bauxite-alumina complexes in the Central Highlands create stable jobs for thousands of workers, contributing from VND 1,200 to 1,400 billion of taxes and fees for the State, equivalent to between VND 1.0 and 1.2 million per ton of alumina. From the lessons learned from Tan Rai and Nhan Co complexes, the future bauxite mining and processing projects need to be implemented on schedule and operate at 100% of the designed capacity right from the first year to achieve optimal efficiency. In the future, it is necessary to develop and evaluate the effectiveness of closed, full and chain options to improve the operational efficiency of bauxite projects, aiming to thoroughly solve the environmental issues by improving technological processes, implementing land restoration after mining, applying cleaner production solutions.


1972 ◽  
Vol 10 (4) ◽  
pp. 621-626
Author(s):  
Robert L. Curry

A recent article in this Journal, X, I, May 1972, by Robert E. Miller and Peter R. Carter on ‘A Cost-Benefit Analysis of Liberia’, examined the general cost pattern inherent in concession agreements based upon her ‘Open-Door Policy’, and noted that ‘officials of the Government of Liberia who are responsible for negotiating foreign concessionaire agreements… now recognise this pattern and hopefully plan better bargains in the future’. I wish to focus attention on Liberia's external debts, a particular cost largely resulting from that policy.


1982 ◽  
Vol 2 (4) ◽  
pp. 379-394 ◽  
Author(s):  
Stephen H. Linder

ABSTRACTThe regulation of risks to health and the environment in the United States is currently undergoing serious criticism for its impact on the recession economy. Attempts to diminish health risks by placing stringent limitations on potentially harmful substances are thought to be excessively expensive and ineffective. To remedy this problem, basic reforms in the way these regulations are fashioned have been proposed. Perhaps the best known is cost-benefit analysis. Nevertheless, there are a number of areas where agencies purposely avoid making tradeoffs between costs and benefits and instead assign priorities among levels and types of benefits. However, despite a considerable literature examining the merits of making tradeoffs in regulatory decisions, little attention has been given to the disparate premises of the tradeoff and no-tradeoff rules and how the choice of decision rules determines the role of cost considerations in agency decision making. This paper not only examines these issues, but develops an analytical framework for restructuring the choice between rules. Instead of abolishing the no-tradeoff rules, the analytical framework proposed here can be used to generate a compromise rule which permits partial tradeoffs under certain well-defined circumstances.


2008 ◽  
Vol 47 (7) ◽  
pp. 1188-1192 ◽  
Author(s):  
Michael Baumann ◽  
Tobias Hölscher ◽  
Daniel Zips

1995 ◽  
Vol 69 (1-2) ◽  
pp. 45-66 ◽  
Author(s):  
Michael Erisman

Survey of the basic developmental dynamics involved in the evolving Cuban-CARICOM relationship. On the basis of a cost-risk/benefit analysis, the author provides some projections regarding the future of this relationship. He concludes that there appear sufficient potential benefits for both sides to deepen the relationship. Cuban-CARICOM integration, however, has no top priority for either partner.


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