Cost–Benefit Assessment of Public Investments in France: The Use of Counter-Experts

2021 ◽  
pp. 1-18
Author(s):  
Luc Baumstark ◽  
Roger Guesnerie ◽  
Jincheng Ni ◽  
Jean-Paul Ourliac
Keyword(s):  
Public Finance ◽  
Public Investment ◽  
Cost Benefit ◽  
The State ◽  
Public Institutions ◽  
Benefit Assessment ◽  
Expert Assessment ◽  
Public Investments ◽  
Ex Ante

Abstract Socioeconomic evaluation of a public investment helps to understand its value for the community, and it also improves an investment by analyzing its different components, and the risks inherent in its completion. The Act of 31 December 2012 about Public Finance Planning makes it mandatory in France for project sponsors to conduct an ex-ante socioeconomic evaluation of all public civil investments made by the State and its public institutions. An independent counter-expert assessment of the ex-ante socioeconomic evaluation is conducted for the largest projects. A permanent committee of experts has been established to specify the methodological rules for socioeconomic evaluation and define the studies and research necessary.

scholarly journals A New Airport in Mexico: Feasibility of Socialist Style Infrastructure in a Private Capital Economy

2021 ◽  
Vol 13 (4) ◽  
Author(s):  
Budhaditya Mukherjee ◽  
Keyword(s):  
Public Investment ◽  
Investment Project ◽  
Well Being ◽  
The State ◽  
Local Economy ◽  
Military Establishment ◽  
Public Investments ◽  
Lack Of Information ◽  
New Public ◽  
The Government

This paper is based on the positive correlation between projects of infrastructure developed by the government, and the indicators of general well-being of populations in adjoining areas where such constructive changes have been effected. To study the multifactorial effects of the development of a welfare state, we have studied the economic projections associated with the construction of AIFA (Felipe Angeles International Airport), a new airport in Mexico, which was undertaken completely as a government-funded project and developed as a national infrastructure project by the military establishment. Information on projected investments and downstream investments and local employment from the Secretary of Agrarian Development and Tourism (SEDATU) and the Secretary of Public Finances (Forbes) for the new airport AIFA are compared and analyzed with similar projects in other privately developed infrastructure projects and their calculated impact in order to suggest how well-being (achieved through such indices as employment and the generation of micro-enterprises) would pan out for the economy in the State of Mexico, where the new public-funded projects are envisioned. Projections based on available information suggest that the construction of a public infrastructure module can be achieved under economic constraints, focusing on lower spending from the public budget; however, there is a lack of information and transparent policy decisions to indicate growth for entrepreneurs in the local economy, and neither any projected information on opportunities of further private or public investments associated with the airport. A socialist-style public investment project, engineered by the state military, may need more transparency and engagement on behalf of entrepreneurs.

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.

Public Investment Criteria: Benefit-Cost Analysis for Planned Economic Growth by Stephen A. Marglin. London: George Allen & Unwin Ltd., 1967. pp.103. 22s. 6d.********** Investments for Capacity Expansion: Size, Location and Time-Phasing edited by Alan S. Manne. London: George Allen & Unwin Ltd., 1967. pp.239. 45s.Investments for Capacity Expansion: Size, Location and Time-Phasing edited by Alan S. Manne. London: George Allen & Unwin Ltd., 1967. pp.239. 45s.

1967 ◽  
Vol 7 (3) ◽  
pp. 416-420
Author(s):  
Arthur MacEwan
Keyword(s):  
Cost Benefit Analysis ◽  
Public Investment ◽  
Cost Benefit ◽  
Capacity Expansion ◽  
Point Of View ◽  
Systematic Analysis ◽  
Benefit Cost Analysis ◽  
The Government ◽  
The Many ◽  
Benefit Cost

These books are numbers 4 and 5, respectively, in the series "Studies in the Economic Development of India". The two books are interesting complements to one another, both being concerned with the analysis of projects within national plan formulation. However, they treat different sorts of problems and do so on very different levels. Marglin's Public Investment Criteria is a short treatise on the problems of cost-benefit analysis in an Indian type economy, i.e., a mixed economy in which the government accepts a large planning responsibility. The book, which is wholely theoretical, explains the many criteria needed for evaluation of projects. The work is aimed at beginning students and government officials with some training in economics. It is a clear and interesting "introduction to the special branch of economics that concerns itself with systematic analysis of investment alternatives from the point of view of a government".

Support of young studying compatriots abroad: expert assessment

2021 ◽  
pp. 85-90
Author(s):  
E.I. Vasileva ◽  
◽  
T.E. Zerchaninova ◽  
A.S. Nikitina
Keyword(s):  
Qualitative Data ◽  
Research Study ◽  
The State ◽  
Educational Institutions ◽  
Expert Assessment ◽  
State Support ◽  
Public Authorities ◽  
Republic Of Moldova ◽  
Public Figures ◽  
Practical Recommendations

Presented is the research in a large number of studies, devoted to the study of state policy in relation to compatriots living abroad, at the same time, today there are practically no data on the state and assessment of the state and non-state support. In this regard, the authors have classified the forms of support into two groups - state and non-state, investigate the specific features of these forms of support, and analyze their effectiveness. Empirical analysis carried out in this research study includes qualitative data from expert interviews collected in 2021. In total, 31 interviews were conducted with experts from sixteen countries (Russia, Ukraine, Republic of Kazakhstan, Republic of Moldova, Republic of Kyrgyzstan, Armenia, Tajikistan, USA, Germany, Czech Republic, Turkey, Great Britain and Northern Ireland, Cyprus, Panama, Uganda, New Zealand). Representatives of Russian and foreign public authorities, heads of the Coordination Councils of organizations of Russian compatriots abroad, heads of Russian youth public organizations abroad, heads of higher educational institutions, teachers and educators, and public figures acted as experts. In conclusion, the authors summarize the effectiveness of state and non-state support for young students of compatriots abroad, form a set of practical recommendations for improving these forms of support.

INSTITUTIONAL FRAMEWORK FOR REGULATING THE STATE FINANCIAL RESOURCES IN THE SUBJECTS OF THE RUSSIAN FEDERATION

2021 ◽  
Author(s):  
Елизавета Николаевна Валиева
Keyword(s):  
Public Finance ◽  
Russian Federation ◽  
The State ◽  
Institutional Framework ◽  
Financial Resources ◽  
The Russian Federation ◽  
Definition Of

В статье рассматривается проблематика общественных финансов. Дано определение государственным финансовым ресурсам. Охарактеризован процесс развития межбюджетных отношений в РФ, в результате которого формировался институт регулирования финансовых ресурсов государства. Сформулированы предложения, направленные на совершенствование данного института. The article deals with the problems of public finance. The definition of state financial resources is given. The process of development of interbudgetary relations in the Russian Federation, as a result of which the institution of regulation of financial resources of the state was formed, is characterized. Proposals are formulated aimed at improving this institution.

On the question of the state: its essence and social purpose

2021 ◽  
Author(s):  
Anatoliy Bakaev ◽  
Yuliya Ivanova ◽  
Tatiana Radchenko
Keyword(s):  
The State ◽  
Public Institutions ◽  
Social Purpose

The question of the essence of the state and the related understanding of its social purpose has always been a subject of discussion. This is due to the fact that the state and its life affect all layers and groups of the population, concerns all public institutions and organizations of their life. The state, like no other institution of society, has the most diverse functions and tasks, combining a variety of interests and goals.

scholarly journals Modern financial control of operations at the enterprise: its essence and features

2020 ◽  
pp. 10-14
Author(s):  
Kseniia KOVTUNENKO ◽  
Kateryna BONDARENKO
Keyword(s):  
Public Finance ◽  
Financial Management ◽  
Internal Audit ◽  
The State ◽  
External Control ◽  
Financial Control ◽  
Finance Management ◽  
Current State ◽  
Role Of The State ◽  
Local Resource Management

The purpose of the paper is to improve institutions and legislation on public finance management in Ukraine, to define the concept of "financial control", to consider the process of development and formation of financial control, to highlight the financial control`s features, to justify the need for long-term financial control. Financial control and financial management in the enterprise are very important for every state. The current state of economic improvement in Ukraine should increase the role of the state in regulating the economy in order to identify differences between the law, recognizing the standards and functioning of financial control. At the present stage in Ukraine, the issue of establishing unification of public finance management remains unresolved: there is a discrepancy in state legislation. The Ukrainian economy`s growth leads to an additional need for financial control in a moment. Thus, its role and importance in securing the assets of different types of members’ organizations, the equipment`s efficiency, labour and finance. The paper is devoted to the key issues of finding ways to ensure financial control in the organization and the regulatory framework in this area. The paper presents an overview of financial control by state (local) resource management and their use, as well as financial control of public administration by the state external financial regulator (audit), the Ministry of Finance on behalf of the Verkhovna Rada of Ukraine, and public finance management, including internal management and internal audit, which are provided by current legislation. In the paper was presented a study of the financial control`s concept. The main types of financial control, its goals and objectives are researched. The author emphasizes the importance of the organization’s internal financial control and the key stages of its development. The types of external control and features of their application were also researched. In conclusion the Ukrainian financial management`s current state is researched.

scholarly journals Post-Disaster Assessment of the Performance of Hazard Mitigation Projects: The California SMART Approach

2010 ◽  
Vol 5 (2) ◽  
pp. 172-179 ◽  
Author(s):  
Michael R. Boswell ◽  
◽  
William J. Siembieda ◽  
Kenneth C. Topping ◽  
Keyword(s):  
Emergency Management ◽  
Cost Benefit Analysis ◽  
Hazard Mitigation ◽  
Cost Benefit ◽  
Project Performance ◽  
Efficient Manner ◽  
Public Investments ◽  
Review Team ◽  
Disaster Assessment ◽  
Mitigation Projects

California’s SMART (State Mitigation Assessment Review Team) program for assessing natural hazard mitigation project performance after a disaster is a method of integrating multiple state agencies’ expertise into a working tool for assessing the value of public investments in risk reduction. The intent of the SMART program is to provide the California Emergency Management Agency with information about the performance of publicly financed mitigation projects so that it can better allocate future funding and improve the overall safety of California. A key aspect of the program is the mobilization of California State University faculty and staff from across the state after a disaster in order to conduct rapid performance assessments while field data is available. In order to test the SMART system, a pilot study was conducted using the Yountville Flood Barrier Wall Project performance during a 2005 flood on the Napa River. The case validated the idea that for a flood project, a rapid evaluation could be conducted using field observations that establish the height and extent of flooding and include the project’s original cost-benefit analysis. The data produced from this type of evaluation program will be valuable to state emergency management agencies trying to allocate program grants in the most efficient manner and to government agencies who want to make sure that federal dollars are being spent wisely.

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