Leaning Against the Wind: A Cost-Benefit Analysis for an Integrated Policy Framework

2020 ◽  
Author(s):  
Luis Brandao-Marques ◽  
R. Gaston Gelos ◽  
Machiko Narita ◽  
Erlend Nier
Keyword(s):  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Policy Framework ◽  
Benefit Analysis ◽  
Integrated Policy ◽  
Leaning Against The Wind

scholarly journals Cost-benefit analysis of leaning against the wind

2017 ◽  
Vol 90 ◽  
pp. 193-213 ◽  
Author(s):  
Lars E.O. Svensson
Keyword(s):  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Benefit Analysis ◽  
Leaning Against The Wind

scholarly journals Cost-Benefit Analysis and European Union Cohesion Policy: Economic Versus Financial Returns in Investment Project Appraisal

2018 ◽  
Vol 9 (1) ◽  
pp. 147-180 ◽  
Author(s):  
Massimo Florio ◽  
Valentina Morretta ◽  
Witold Willak
Keyword(s):  
European Union ◽  
European Commission ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Economic Benefits ◽  
Rate Of Return ◽  
Policy Framework ◽  
The European Union ◽  
Benefit Analysis ◽  
Cohesion Policy

This paper investigates the role of cost-benefit analysis (CBA) in the context of the European Union (EU) Cohesion Policy. After presenting the EU policy framework and the CBA guidelines adopted by the European Commission, we perform an empirical analysis drawing from a dataset of around 1000 major project applications, submitted during the period 2007–2013 by 22 European countries, and representing almost €180 billion of investment. A distinctive feature of the current CBA approach adopted by the European Commission is that applications for funding must provide a forecast of both the project’s financial rate of return (FRR) and economic rate of return (ERR). While the former represents the financial profitability of the project from a private investors’ perspective, the latter reveals its socio-economic benefits for the whole society. The difference between ERR and FRR mainly depends on the use of shadow prices, the inclusion of externalities and other nonmarket effects in the estimation of ERR, whilst the FRR is based on market prices. We find that, on average, the FRR is slightly negative ($-2.9$%) and the ERR is positive (16.2%). ERR and FRR are positively correlated on average with differences across sectors. We discuss these findings and suggest further research needs.

scholarly journals Cost-Benefit Analysis of Leaning Against the Wind

2019 ◽  
Author(s):  
Trent Saunders ◽  
Peter Tulip
Keyword(s):  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Benefit Analysis ◽  
Leaning Against The Wind

scholarly journals Cost-Benefit Analysis of Leaning Against the Wind

2016 ◽  
Author(s):  
Lars E.O. Svensson
Keyword(s):  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Benefit Analysis ◽  
Leaning Against The Wind

Principles of Cost-Benefit Analysis for Developing Countries

1996 ◽  
Author(s):  
Caroline L. Dinwiddy ◽  
Francis J. Teal
Keyword(s):  
Developing Countries ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Benefit Analysis

Cost Benefit Analysis of Freeway Service Patrol Programs: A Case Study in Florida

2012 ◽  
Author(s):  
Pei-Sung Lin ◽  
Aldo Fabregas ◽  
Hongyun Chen
Keyword(s):  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Benefit Analysis
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