scholarly journals DYNAMIC INCONSISTENCY PROBLEM OF PUBLIC INVESTMENT BASED ON COST-BENEFIT ANALYSIS

2006 ◽  
Vol 62 (1) ◽  
pp. 32-42
Author(s):  
Tatsuhito KONO ◽  
Hiromichi NOTOYA
Keyword(s):  
Cost Benefit Analysis ◽  
Public Investment ◽  
Cost Benefit ◽  
Benefit Analysis ◽  
Dynamic Inconsistency

The Use of Cost-Benefit Analysis for Evaluating Efficiency of Public Investment Projects (The Case of Sochi-2014 Winter Olympic Games)

2011 ◽  
pp. 57-78
Author(s):  
I. Pilipenko
Keyword(s):  
Net Present Value ◽  
Olympic Games ◽  
Cost Benefit Analysis ◽  
Public Investment ◽  
Cost Benefit ◽  
Investment Efficiency ◽  
Benefit Analysis ◽  
Step Method ◽  
Investment Projects ◽  
The Usa

The paper analyzes shortcomings of economic impact studies based mainly on input- output models that are often employed in Russia as well as abroad. Using studies about sport events in the USA and Olympic Games that took place during the last 30 years we reveal advantages of the cost-benefit analysis approach in obtaining unbiased assessments of public investments efficiency; the step-by-step method of cost-benefit analysis is presented in the paper as well. We employ the project of Sochi-2014 Winter Olympic and Paralympic Games in Russia to evaluate its efficiency using cost-benefit analysis for five accounts (areas of impact), namely government, households, environment, economic development, and social development, and calculate the net present value of the project taking into account its possible alternatives. In conclusion we suggest several policy directions that would enhance public investment efficiency within the Sochi-2014 Olympics.

Future Generations and the Social Rate of Discount

1973 ◽  
Vol 5 (5) ◽  
pp. 611-617 ◽  
Author(s):  
C A Nash
Keyword(s):  
Cost Benefit Analysis ◽  
Public Investment ◽  
Cost Benefit ◽  
Real Income ◽  
Future Generations ◽  
Benefit Analysis ◽  
Investment Appraisal ◽  
Social Rate ◽  
Irreversible Effects

This paper reexamines the case for discounting for time in public investment appraisal where long-term or irreversible effects on future generations are involved. It is concluded that—while, in the short-term, considerations of equity reinforce the commonly advocated case for discounting for time—in evaluating long-term or irreversible effects, current discounting procedures require the doubtful assumption of perpetual exponential growth of real income. However, if discounting were abandoned, use of the standard cost—benefit-analysis framework would require the forecasting of shadow prices for all future dates, unless an arbitrary time horizon is adopted. Thus cost—benefit analysis does not appear to be a satisfactory method for evaluating effects on future generations.

Cost-Benefit Analysis and the Control of Public Expenditure: An Assessment of British Experience in the 1980s

1990 ◽  
Vol 10 (2) ◽  
pp. 103-131 ◽  
Author(s):  
Massimo Florio
Keyword(s):  
Financial Analysis ◽  
Cost Benefit Analysis ◽  
Public Investment ◽  
Cost Benefit ◽  
Health Department ◽  
Minor Role ◽  
Benefit Analysis ◽  
Home Office ◽  
Investment Appraisal ◽  
A Minor

ABSTRACTThis paper examines approaches to public investment appraisal as theyare currently recommended in the British Treasury and implemented byevaluation units within the Department of Health, Department of Transport and the Home Office. The evidence suggests that spending departments have reacted to the pressure for increased selectivity in their expenditures by adopting a heterogeneous blend of appraisal techniques, including financial analysis, cost-effectiveness and option appraisal, withcost-benefit analysis eventually playing a minor role. The imposition of cash limits rations capital expenditures. When these constraints bite departments differently, either a unique social discount rate for projectappraisal is inappropriate or the rations themselves are giving wrong signals to the departments The departments do not have an incentive todevote time and effort to cost benefit analysis and other techniques of a more limited scope are implemented.

scholarly journals Railway infrastructures sustainable interventions: Proposal for a Cost-Benefit Analysis application

2018 ◽  
Vol 211 ◽  
pp. 12002
Author(s):  
Paula Couto ◽  
Filipa Salvado ◽  
Maria João falcão Silva
Keyword(s):  
Cost Benefit Analysis ◽  
Public Investment ◽  
Investment Project ◽  
Cost Benefit ◽  
Point Of View ◽  
Benefit Analysis ◽  
Costs And Benefits ◽  
Investment Projects ◽  
Analysis Application ◽  
Sustainable Projects

The decision to intervene in Railway Infrastructures (RI) in a sustainable way is complex, because the involved costs require different assessment levels, given their relevance to all stakeholders in decision-making, and are not always easily quantifiable. Following recent decisions of the EU, it is urgent to carry studies to support RI sustainable interventions. In this context, the use of methodologies based on Cost-Benefit Analysis (CBA) contributes positively to base decisions on RI investment projects. CBA is a methodology to assess the net economic impact of a public investment project and can be used for a variety of interventions. CBA is based on the conversion to monetary values of all costs and benefits, even when they are intangible. The purpose of a CBA is to evaluate if a project is feasible from the point of view of social welfare through the algebraic sum of their costs and benefits discounted over time. This paper presents a framework for the assessment of RI sustainable projects based on CBA, which integrates the development of community policies and financial instruments. It aims to provide technical support and contribute to the reflection about co-financing rates modulation.

scholarly journals PUBLIC INVESTMENT IMPACT TO AGRARIAN SECTOR: COST - BENEFIT ANALYSIS

2021 ◽  
pp. 42-48
Author(s):  
Makhmudov Saidkarim Saidakhmatovich ◽  
Jalilov Shohjahon Kholbozor ugli ◽  
Bazarova Lobar Nuralievna ◽  
Muratov Shukrullo
Keyword(s):  
Cost Benefit Analysis ◽  
Public Investment ◽  
Cost Benefit ◽  
Economic Assessment ◽  
Agricultural Activity ◽  
Benefit Analysis ◽  
Investment Funds ◽  
Social Survey ◽  
Agrarian Sector ◽  
Important Significance

In this paper examines the economic assessment of the investment funds in agriculture, sources and toward of public capital to agricultural activities, forestry and fisheries in Uzbekistan. Also, analyzed a profit taken from farm activity and the assessed public investment funds spent to agricultural activity. Factors impact to farm activity benefits have also been studied. The analysis used data from a social survey conducted on 44 farms in terms of distance not far from each other. It was found that investment funds at a rate of 1% (p <.01) plays a statistically significant role in increasing the profitability of farms from production activities. It is scientifically justified to increase the amount of investment funds involved in the activities of farms by 1 unit, which will increase the amount of income from activities by 22.6%. In the case of an increase in the profit received from the production activities of farms, the investment amount is increased by 1 percent (p<.01) statistically important significance was determined. It is scientifically justified to increase the amount of investment funds involved in the activities of farms by 1 unit, which will increase the amount of income from activities by 22.6%. KEYWORDS: profit, investment, investment funds, sources of investment, “robust (consolidation)”, “strengthen”.

scholarly journals Cost-benefit analysis of public investment on aircraft design assurance infrastructure

2010 ◽  
Vol 38 (9) ◽  
pp. 900-906
Author(s):  
Jae-Kyung Yi ◽  
Myeong-Kyun Kim ◽  
Yong-Min Kim ◽  
Tae-Hee Lee ◽  
Do-Hyeon Kim
Keyword(s):  
Cost Benefit Analysis ◽  
Public Investment ◽  
Cost Benefit ◽  
Aircraft Design ◽  
Benefit Analysis
Sign in / Sign up

Export Citation Format

Share Document