Why environmental and social benefits should be included in cost-benefit analysis of infrastructure?

The core of the Trump administration’s regulatory agenda is to focus on the costs of regulations while ignoring, trivializing, and mischaracterizing their benefits. The administration has made significant regulatory efforts to delay or repeal important initiatives of the Obama administration designed to protect public health and the environment. In some of these proceedings, the Trump administration has altogether ignored the benefits of the rules it seeks to eliminate or suspend, instead focusing solely on cost savings to regulated industry. For example, Trump’s Executive Order 13,771 directs agencies to control costs and eliminate two regulations for every new one. This one-sided approach makes a mockery of cost-benefit analysis. Saving regulatory costs is attractive only if the benefits forgone as a result of these savings are lower than those costs. A rule that reduces compliance costs by giving up an even larger set of social benefits is hardly an attractive proposition.

Download Full-text

The social benefits of WEEE re-use schemes. A cost benefit analysis for PCs in Spain

Waste Management ◽

10.1016/j.wasman.2017.03.009 ◽

2017 ◽

Vol 64 ◽

pp. 202-213 ◽

Cited By ~ 11

Author(s):

Xose Manuel González ◽

Miguel Rodríguez ◽

Yolanda Pena-Boquete

Keyword(s):

Cost Benefit Analysis ◽

Cost Benefit ◽

Social Benefits ◽

Benefit Analysis ◽

The Social

Download Full-text

INDONESIA TO HOST THE FIFA WORLD CUP? A COST-BENEFIT ANALYSIS

Journal Economics and Business Atmajaya Indonesia ◽

10.25170/jebi.v2i1.30 ◽

2018 ◽

Vol 2 (1) ◽

pp. 22-34

Author(s):

Hilda Masniaritta Pohan ◽

Silvy Puspita Oktavianty

Keyword(s):

Cost Benefit Analysis ◽

Cost Benefit ◽

Economic Benefits ◽

Social Benefits ◽

Benefit Analysis ◽

Financial Loss ◽

World Cup ◽

Fifa World Cup ◽

Long Run ◽

Geographical Characteristics

Numerous studies have shown that hosting the FIFA World Cup potentially creates positive economic benefits although it costs a substantial amount of money. The biggest cost comes from infrastructure needs which are highly correlated with a country�s geographical characteristics. This research evaluates the feasibility of hosting the FIFA World Cup in Indonesia given its geographical characteristics. Using data compiled from various studies, estimation was conducted using Cost-Benefit Analysis. Results show that hosting the FIFA World Cup is not financially profitable for Indonesia. However, after accounting for potential social benefits, economic analysis suggested that in the short run, it potentially boosts tourism and income of related sectors. In the long run, benefits include acquiring top notch stadiums, provision of high quality infrastructure, training opportunities for talented young players, and exposure of Indonesia�s tourist attractions. These social benefits may outweigh the financial loss; making the hosting project economically viable.

Download Full-text

Monitoring Measures in the Elimination of Malaria in Fujian, China: A Cost-Benefit Analysis

10.21203/rs.3.rs-101262/v1 ◽

2020 ◽

Author(s):

Chun-Yan HUANG ◽

Shan-Ying Zhang ◽

Zhu-Yun CHEN ◽

Han-Guo XIE ◽

Rong OUYANG

Keyword(s):

Health Economics ◽

Malaria Elimination ◽

Cost Benefit Analysis ◽

Cost Benefit ◽

Social Benefits ◽

Benefit Analysis ◽

Fujian Province ◽

Total Cost ◽

Per Capita ◽

The Cost

Abstract Background: Malaria is an insect-borne infectious disease that spreads through bites from infected Anopheles mosquitos. The disease seriously endangers human health and economic development. The study focuses on Fujian Province, China, which entered the final stage of malaria elimination stage in 2005. In order to understand the costs and benefits of malaria monitoring measures during the elimination stage, the health economics of the monitoring measures should be examined. Methods: Data on the number of cases during the malaria elimination stage (2005–2019) in Fujian Province were collected and sorted. The basic economic data were obtained from the Fujian Statistical Yearbook. Based on the fundamental theories in health economics, a cost-benefit analysis was conducted based on the data. Specifically, the cost of monitoring measures during the malaria elimination stage was calculated by economic cost and compared to the benefits, which were quantified based on economic and social benefits of the monitoring measures.Results: The total cost of monitoring measures in the malaria elimination stage was estimated at 607,878,783.36 yuan (USD 87,534,544.80). The components of the total cost were: case detection and treatment, which accounted for 66.62% of costs, health education with 13.31%, epidemic monitoring, 10.05%, supervision and assessment, 5.15%, and training and meetings took 4.87%. The total benefit of the monitoring measures in the malaria elimination stage was valued at about 116,123,417,911.81 yuan (USD 16,721,772,179.30). Direct economic benefit accounted for 22.61% of the total, while the social benefit was 77.39%. The cost-benefit analysis of the malaria elimination stage showed that the net benefit of monitoring measures was about 115,515,539,128.45 yuan (USD 16,634,237,634.50) and the benefit-cost ratio was 191.03. The monitoring cost for residents was 1.08 yuan (USD 0.16) per capita, and the benefit for residents was 206.12 yuan (USD 29.68) per capita. Conclusions: The monitoring measures conducted in the malaria elimination stage are a highly cost-effective intervention for reducing the negative impact of malaria in Fujian Province. Over the past 15 years, malaria control work has achieved excellent economic and social benefits in Fujian and the work should continue. The framework and results of this study conform to the principles of health economics and have a reference value for current malaria monitoring practices.

Download Full-text

Cost-Benefit Analysis of continuous cover forestry and buffer zones as Nature Based Solutions to preserve water quality level in Lake Puruvesi and in its sub-catchment area.

10.5194/egusphere-egu2020-8171 ◽

2020 ◽

Author(s):

Jaakko Juvonen

Keyword(s):

Water Quality ◽

Nutrient Loading ◽

Cost Benefit Analysis ◽

Cost Benefit ◽

Buffer Zone ◽

Social Benefits ◽

Quality Level ◽

Benefit Analysis ◽

Buffer Zones ◽

Continuous Cover Forestry

Mitigation of the perceived risks of climate change is urgent issue in many fields. This research focuses on providing information to support decision making in mitigation of hydro-meteorological risks that climate change causes to the water quality in Lake Puruvesi and in its sub-catchment area. This study reviews continuous cover forestry (CCF) and buffer zones as possible nature-based solutions (NBS) that could achieve the goal of keeping the water quality level in study site on current level or improve it. The main research question of this research is: Is it economically cost-efficient to implement continuous cover forestry and buffer zones as nature-based solutions to mitigate nutrient loading in research area so that the water quality will stay at least at the current level in the future?Previous research has shown that CCF can be economically feasible way to manage forests. In addition to this, continuous cover forestry and buffer zones can reduce nutrient loading from forests to nearby waters. These solutions are evaluated in the framework of cost-benefit analysis which is the main method in this study. The aim is to monetize costs and benefits that NBS implementation will cause. If the net social benefits after analysis are positive, the project should be recommended. In this study recreation values from the study site were obtained by utilizing pre-existing valuation studies made by Finnish Natural Resource Center. Costs on the other hand were derived by using size-structured forest optimization model. The economic loss for forest owners is the difference between their optimal forest management choice, and the optimized solution, where clearcutting is restricted. In the buffer zone case optimization was similar but the costs from buffer zones are directly the maximized profits from forest as the buffer zone is completely left out from any forestry.In both cases CCF was the optimal forest management regime for the sample forests. When these costs were compared to the benefits this study produced positive net social benefits and hence CCF and buffer zones should be recommended as NBS in the study site. However, there are quite large assumptions made in this study, and further modeling of nutrient flow in study site is required as the quantified impacts of nutrient run-off are still unclear. For this reason, further research is required for more precise analysis regarding quantified impacts.

Download Full-text

An outline of a cost–benefit analysis of increased felling in Sweden

Canadian Journal of Forest Research ◽

10.1139/x81-087 ◽

1981 ◽

Vol 11 (3) ◽

pp. 637-642

Author(s):

Per-Olov Johansson

Keyword(s):

Cost Benefit Analysis ◽

Cost Benefit ◽

Excess Demand ◽

Social Benefits ◽

Benefit Analysis ◽

Benefits And Costs

For some years it has been claimed that there is a "shortage" of roundwood in Sweden. The purpose of this paper is to examine what is meant by this shortage and to estimate social benefits and costs of an increased supply of roundwood. The estimates indicate that it is profitable for the society to eliminate the excess demand (shortage) through an increased supply.

Download Full-text

The social value of science shops: A cost-benefit analysis

Applied Studies in Agribusiness and Commerce ◽

10.19041/apstract/2012/3-4/3 ◽

2012 ◽

Vol 6 (3-4) ◽

pp. 23-30 ◽

Cited By ~ 1

Author(s):

Esther Boere ◽

Wim Heijman

Keyword(s):

Civil Society ◽

Cost Benefit Analysis ◽

Cost Benefit ◽

Civil Society Organizations ◽

Social Value ◽

Social Benefits ◽

Research Projects ◽

Benefit Analysis ◽

University Departments ◽

The Social

We describe and apply a method to determine the net social benefits of science shops. University departments operating as science shops coordinate research projects for individuals or civil society organizations (CSO) lacking the financial means to turn to professional consultancy bureaus. Three cases are analyzed; the science shops atWageningen, Brussels and Eindhoven. After investigation, it appears that under the normal assumptions for the application of CBA, the science shops concerned show positive net social benefits.

Download Full-text