scholarly journals Economic Evaluation of Investments in Airports: Recent Developments

2021 ◽  
Vol 12 (1) ◽  
pp. 85-121
Author(s):  
Peter Forsyth ◽  
Hans-Martin Niemeier ◽  
Eric Tchouamou Njoya
Keyword(s):  
Computable General Equilibrium ◽  
Impact Analysis ◽  
Cost Benefit Analysis ◽  
Policy Issue ◽  
Cost Benefit ◽  
Economic Benefits ◽  
Full Potential ◽  
Data Intensive ◽  
Cge Models ◽  
Recent Developments

AbstractThe problem of how to evaluate investments in airports has now been studied for over 50 years. This paper analyzes the use of different methods like cost–benefit analysis (CBA), economic impact analysis (EIA), and computable general equilibrium (CGE) models to address the question. It assesses the strength and weaknesses of each method, and it discusses which methods have been used in different countries. The paper argues that the CBA approach and the newer CGE modeling approach address the policy issue well and that both methods are appropriate, although improvements are possible, especially in the newer aspects of evaluation. Furthermore, more data intensive CGE models are able to analyze broader aspects of the evaluation question for which CBA has had difficulty. EIA does not address the problem satisfactorily, and it misleads air transport policy. But this evaluation contrasts sharply with practice. EIA has been extensively used to decide on airport investment. CGE approaches are very promising, though further work is needed for them to reach their full potential. This paper pays particular attention to the relationship between CBA and CGE in airport investment evaluation and also the possible role of wider economic benefits (WEBs) of aviation in evaluation.

scholarly journals Evaluating Special Events: Merging Two Essential Approaches

2019 ◽  
Vol 23 (6) ◽  
pp. 897-911
Author(s):  
Larry Dwyer ◽  
Peter Forsyth
Keyword(s):  
Computable General Equilibrium ◽  
Impact Analysis ◽  
Cost Benefit Analysis ◽  
Hybrid Approach ◽  
Cost Benefit ◽  
Evaluation Process ◽  
Economic Impact Analysis ◽  
Special Events ◽  
Benefit Estimation ◽  
General Equilibrium Modeling

In special event evaluation, given the shift away from standard economic impact analysis based on input–output modeling, increased attention is being paid to the roles that computable general equilibrium modeling (CGE) and cost–benefit analysis (CBA) can play in event evaluation. This article analyzes the strengths and limitations of CGE and CBA in the context of event assessment. A "hybrid" approach is outlined which includes a role for the advantages of both techniques to be included in the evaluation process. The issues addressed are theoretically important for both impact and benefit estimation, while having significant practical implications for event assessment.

Assessing desalination as a sustainable alternative using a multiple criteria decision support model

2008 ◽  
Vol 3 (3) ◽  
Author(s):  
M. B. Fernandes ◽  
M. C. Almeida ◽  
A. G. Henriques
Keyword(s):  
Decision Support ◽  
Energy Production ◽  
Fossil Fuels ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
High Energy ◽  
Economic Benefits ◽  
Multiple Criteria ◽  
Water Production ◽  
Decision Support Model

Desalination technologies provide an alternative for potable water production, having significant potential for application where fresh water scarcity exists. Potential benefits have to be balanced with other factors, such as high costs, high energy consumption, and significant environmental impacts, for the understanding of real risks and gains of desalination within the context of integrated water resources management. Multiple factors can be considered when analysing the viability of a desalination project but often a limited approach is used. The complexity in the analysis lies in finding the alternatives that obey to multiple objectives (e.g. reduced environmental impact, social acceptance, less cost associated). In this paper, development of a methodology based on multiple criteria decision support system for the evaluation and ranking the potential of desalination technologies is described and applied to a Portuguese case study. Relevant factors to the selection of desalination technologies were identified using SWOT analysis and the MACBETH (Measuring Attractiveness by a Categorical Based Evaluation Technique) approach was applied. Technical alternatives considered include reverse osmosis and multi-effect desalination (MED), together with energy production by fossil fuels or solar energy. Production of water by conventional approaches was also considered. Results, for non-economic benefits, show higher score for MED solar but, in the cost-benefit analysis, conventional methods of water production have higher ranking since costs of renewable energies are not yet competitive. However, even if not preferred in economic terms, desalination is ranked significantly above the conventional approaches for non-economic criteria.

Bargaining, Networks, and Management of Municipal Development Subsidies

2011 ◽  
Vol 42 (4) ◽  
pp. 481-497 ◽  
Author(s):  
Hyunsang Ha ◽  
Richard C. Feiock
Keyword(s):  
Economic Development ◽  
Political Institutions ◽  
Local Governments ◽  
Bargaining Power ◽  
Impact Analysis ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Organizational Networks ◽  
Control Mechanisms ◽  
Fiscal Impact

This article investigates why cities use fiscal analyses such as cost–benefit analysis and/or fiscal impact analysis to manage offers of economic development incentives to business. We advance an approach to understanding economic development subsidies and control mechanisms that integrate political bargaining and network theories. Municipal bargaining power, institutional incentives, and organizational networks are hypothesized to influence development subsidy decisions. The results confirm that local governments’ bargaining power and political institutions influence the degree to which cities use fiscal analyses. In addition, public/private organizational networks that bridge public and private sectors by linking quasigovernmental organizations and local governments increase information and credibility thus leading to greater use of fiscal analyses.

The Violence Prevention Program in South Australia: A Recidivism and Cost–Benefit Analysis Pilot Study

2021 ◽  
pp. 009385482110383
Author(s):  
Gene Mercer ◽  
Emma Ziersch ◽  
Shawn Sowerbutts ◽  
Andrew Day ◽  
Henry Pharo
Keyword(s):  
Pilot Study ◽  
Violence Prevention ◽  
Prevention Program ◽  
Cost Benefit Analysis ◽  
South Australia ◽  
Cost Benefit ◽  
Economic Benefits ◽  
Violent Recidivism ◽  
Correctional Systems ◽  
Violence Prevention Program

Rehabilitation of incarcerated men is a primary focus of correctional systems across the world. The present pilot study examined the effect of participation in the South Australian Violence Prevention Program (VPP) on recidivism trajectories. Individuals who participated in the VPP were significantly less likely to engage in violent recidivism, with the greatest effect observed between Aboriginal and/or Torres Strait Islanders relative to similarly matched comparators. In addition, the types of violent crimes committed were less severe for those who engaged in treatment relative to the comparison group. No differences were observed between groups in overall rates of reoffending, or the length of time following release before reoffending. The study also quantified the economic impacts of treatment and found it was associated with a positive cost–benefit ratio of Aus$1.13. The results provide evidence that the VPP does reduce the rate of violent recidivism, and that these results translate into economic benefits for society.

scholarly journals GATECloud.net: a platform for large-scale, open-source text processing on the cloud

2013 ◽  
Vol 371 (1983) ◽  
pp. 20120071 ◽  
Author(s):  
Valentin Tablan ◽  
Ian Roberts ◽  
Hamish Cunningham ◽  
Kalina Bontcheva
Keyword(s):  
Cloud Computing ◽  
Language Processing ◽  
Large Scale ◽  
Virtual Machines ◽  
Cost Benefit Analysis ◽  
Text Processing ◽  
Cost Benefit ◽  
Data Intensive ◽  
On Demand ◽  
Usage Evaluation

Cloud computing is increasingly being regarded as a key enabler of the ‘democratization of science’, because on-demand, highly scalable cloud computing facilities enable researchers anywhere to carry out data-intensive experiments. In the context of natural language processing (NLP), algorithms tend to be complex, which makes their parallelization and deployment on cloud platforms a non-trivial task. This study presents a new, unique, cloud-based platform for large-scale NLP research—GATECloud. net. It enables researchers to carry out data-intensive NLP experiments by harnessing the vast, on-demand compute power of the Amazon cloud. Important infrastructural issues are dealt with by the platform, completely transparently for the researcher: load balancing, efficient data upload and storage, deployment on the virtual machines, security and fault tolerance. We also include a cost–benefit analysis and usage evaluation.

Age 21 Cost-Benefit Analysis of the Title I Chicago Child-Parent Centers

2002 ◽  
Vol 24 (4) ◽  
pp. 267-303 ◽  
Author(s):  
Arthur J. Reynolds ◽  
Judy A. Temple ◽  
Dylan L. Robertson ◽  
Emily A. Mann
Keyword(s):  
Title I ◽  
Remedial Education ◽  
Program Effectiveness ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Well Being ◽  
Economic Benefits ◽  
School Age ◽  
Program Participation ◽  
Benefit Analysis

We conducted the first cost-benefit analysis of a federally financed, comprehensive early childhood program. The Title I Chicago Child-Parent Centers are located in public schools and provide educational and family support services to low-income children from ages 3 to 9. Using data from a cohort of 1,539 program and comparison-group children born in 1980 who participate in the Chicago Longitudinal Study, measures of program participation were significantly associated with greater school achievement, higher rates of high school completion, and with significantly lower rates of remedial education services, juvenile delinquency, and child maltreatment. Economic analyses indicated that the measured and projected economic benefits of preschool participation, school-age participation, and extended program participation exceeded costs. In present-value 1998 dollars, the preschool program provided a return to society of $7.14 per dollar invested by increasing economic well-being and tax revenues, and by reducing public expenditures for remedial education, criminal justice treatment, and crime victims. The extended intervention program (4 to 6 years of participation) provided a return to society of $6.11 per dollar invested while the school-age program yielded a return of $1.66 per dollar invested. Findings demonstrate that an established public program can provide benefits that far exceed costs. Key elements of CPC program effectiveness include an instructional focus on literacy, opportunities for intensive parent involvement, and implementation by well-trained staff within a single administrative system.

Economic Impact Assessment

2018 ◽  
Author(s):  
Donald Getz
Keyword(s):  
Impact Assessment ◽  
Economic Impact ◽  
Computable General Equilibrium ◽  
Cost Benefit Analysis ◽  
Economic Impacts ◽  
Cost Benefit ◽  
Equity Issues ◽  
Cge Modelling ◽  
Economic Impact Assessment ◽  
Event Tourism

Concepts for understanding economic impacts, and valid methods of assessment are well developed. In fact, there is so much information available that this is the largest chapter in the book – not the most important. A thorough and accessible reference on the subject is the book Tourism Economics and Policy by Dwyer, Forsyth and Dwyer (2010) as it contains a full chapter on events. Event Tourism (Getz, 2013) also covers economic impact assessment in detail. There have been well-documented problems with economic impact assessments for tourism and events (Matheson, 2002; Matheson and Baade, 2003; Crompton and McKay, 2004; Tyrell & Ismail, 2005; Crompton, 2006; Davies et al., 2013), pertaining to both how they are done and the purposes they serve. Dwyer and Jago (2014, p.130) identified three main types of criticisms associated with the assessment of the economic impacts of events, commencing with the exaggeration of benefits owing to either deliberate manipulation or faulty methods. Attention has often focused on the use of Input-Output tables to formulate ‘multipliers’, a practice which leads to exaggerated benefits, with a number of scholars preferring Computable General Equilibrium (CGE) modelling. Most fundamental is the frequent failure to consider all costs and benefits, leading to calls for more comprehensive cost-benefit analysis (CBA). Most economic IAs have utilized only a narrow range of metrics, but even more unfortunate is the continued reliance on multipliers and econometric models, as these ‘black-box’ approaches tend to exaggerate imputed benefits while ignoring costs and equity issues. This is certainly not in keeping with principles of social responsibility and sustainability.

scholarly journals The Application of Economic Value Added on Green Facilities of Urban Agriculture

2018 ◽  
Vol 57 ◽  
pp. 05001
Author(s):  
Kuo Wei Hsu ◽  
Shang Zhen Liao
Keyword(s):  
Urban Agriculture ◽  
Agricultural Production ◽  
Cost Benefit Analysis ◽  
Economic Value ◽  
Value Added ◽  
Cost Benefit ◽  
Economic Benefits ◽  
Economic Value Added ◽  
Psychological Benefits ◽  
Production And Consumption

Green facilities of urban agriculture offer a fertile ground for green innovation, such as rooftop gardens, green curtains, and indoor plant growing, which create a new forms of urban farming economy. The previous studies for cost-benefit analysis of urban agriculture indicated that green facilities could contribute both quantitative and qualitative benefits. The value of green facility strategies of urban agriculture may often be underestimated without transforming qualitative benefits to quantitative benefits. This study examined the effects of green facilities of urban agriculture development in Taiwan. The market reaction was explored by adopting economic value added (EVA) technique for the measurement of both quantitative and qualitative value contributed by green facilities. The results from this study support that there exists interaction between qualitative factors such as indirect economic benefits and social psychological benefits and quantitative factors, agricultural production and energy saving impacted by green facilities. The study concluded that consumers of urban agricultural crops are willing to pay more for eco-friendly products. The establishment of relationship between urban agricultural production and consumption can contribute to sustainability while generating economic opportunities.

Sign in / Sign up

Export Citation Format

Share Document