RANKING OF REGIONAL ROAD INVESTMENT IN NORWAY. DOES SOCIOECONOMIC ANALYSIS MATTER?

This paper explores the priorities for road investments in Norway, with particular emphasis on the use of benefit-cost calculus. The author tests whether the observed rankings of the Ranking Road Agencies are explained and/or influenced positively by the benefit-cost ratio. Second, based on a questionnaire survey, the tradeoff made by Regional Road Authorities between an economic welfare maximizing strategy and the observed strategy in analyzed. Benefit-cost ratio is found to be a significant explanatory variable in only four out of fifteen regions. Results of the questionnaire survey give reasons to doubt the Regional Road Agencies understanding of the welfare maximizing principles of benefit cost calculus. Concluding remarks on the observed behavior of the Regional Road Agencies are also offered.

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/00494488
• Corporate Authors:

  Martinus Nijhoff Publishers

  Kluwer Academic Pub Group, Distribution Center, P.O. Box 322
  3300 AH Dordrecht,   Netherlands 
• Authors:
  • Odeck, J
• Publication Date: 1996-5

Language

• English

Media Info

• Features: Figures; References; Tables;
• Pagination: p. 123-140
• Serial:
  • Transportation (Netherlands)
  • Volume: 23
  • Issue Number: 2
  • Publisher: Martinus Nijhoff Publishers
  • ISSN: 0049-4488

Subject/Index Terms

• TRT Terms: Benefit cost analysis; Infrastructure; Logits; Ranking (Statistics); Socioeconomic factors
• Geographic Terms: Norway
• Old TRIS Terms: Ranking
• Subject Areas: Data and Information Technology; Economics; Finance; Highways; Society; I10: Economics and Administration;

Filing Info

• Accession Number: 00721198
• Record Type: Publication
• Files: TRIS, ATRI
• Created Date: May 8 1996 12:00AM