Cost-Benefit Analysis and the Wider Economic Benefits from Mega-Projects

Cost-benefit analysis and the wider economic benefits from mega-projects are the topic of this paper. Wider benefits, going beyond the direct benefits to the users of transport infrastructure, are frequently claimed as the basis for justifying projects that have only marginal rates of return based on user benefits. This paper reviews the basis for such claims, referring to empirical evidence from European, Dutch and UK studies. It assesses the way in which such evidence can be used to refine the appraisal process for mega-projects. There is a particular emphasis on the value of the new economic geography, especially the impacts on the labor market. The paper argues that there is no simple rule of thumb that can be applied to such projects, and that the data requirements, although demanding, are feasible for mega-projects.

Language

  • English

Media Info

  • Media Type: Print
  • Features: Figures; References; Tables;
  • Pagination: pp 66-83
  • Monograph Title: Decision-Making on Mega Projects. Cost-Benefit Analysis, Planning and Innovation

Subject/Index Terms

Filing Info

  • Accession Number: 01141799
  • Record Type: Publication
  • ISBN: 9781845427375
  • Files: TRIS
  • Created Date: Oct 14 2009 11:59AM