An Assessment of Present State and Possible Improvements of Cost-Benefit Analysis in France
Cost-benefit analysis (CBA) has a long history in France and is quite widely used; every investment funded by the State is now subject to appraisal. CBA implementation is guided by the reports of working teams which are regularly commissioned and issue recommendations every five to ten years. These recommendations provide reference unit values such as the value of time, values for pollution or for carbon dioxide emissions; they provide also some values for parameters like the discount rate or the opportunity cost of public funds, and rules for calculating residual values or choosing the horizon of appraisal, as well as the definition of aggregated socioeconomic indicators. The aim of this paper is to present and discuss the conclusions of the most recent of these working teams, which has made an assessment of the current practice of CBA in France and proposes a large set of improvements. Both technical issues of CBA achievement and issues of CBA governance are addressed.
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Corporate Authors:
14-20 bd Newton, Cité Descartes, Champs su Marne
77447 Marne la Vallée, France Cedex 2 -
Authors:
- Meunier, David
- Quinet, Emile
- Roquigny, Quentin
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Conference:
- Transport Research Arena (TRA) 5th Conference: Transport Solutions from Research to Deployment
- Location: Paris , France
- Date: 2014-4-14 to 2014-4-17
- Publication Date: 2014-4
Language
- English
Media Info
- Media Type: Digital/other
- Features: Appendices; Figures; References; Tables;
- Pagination: 11p
- Monograph Title: Transport Research Arena (TRA) 2014 Proceedings
Subject/Index Terms
- TRT Terms: Benefit cost analysis; Discount; Evaluation; Pollution; Socioeconomic factors; Value of time
- Geographic Terms: France
- Subject Areas: Administration and Management; Economics; Transportation (General); I10: Economics and Administration;
Filing Info
- Accession Number: 01531380
- Record Type: Publication
- Files: VTI, TRIS, ATRI
- Created Date: Jul 24 2014 3:22PM