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

2013 ◽  
Author(s):  
Roger W. Vickerman
Keyword(s):  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Economic Benefits ◽  
Benefit Analysis

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.

scholarly journals Application and importance of cost-benefit analysis in energy efficiency projects implemented in public buildings: The case of Serbia

2012 ◽  
Vol 16 (3) ◽  
pp. 915-929 ◽  
Author(s):  
Marko Mihic ◽  
Dejan Petrovic ◽  
Aleksandar Vuckovic ◽  
Vladimir Obradovic ◽  
Dejan Djurovic
Keyword(s):  
Energy Efficiency ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Economic Benefits ◽  
Financial Resources ◽  
Benefit Analysis ◽  
Public Buildings ◽  
Practical Test ◽  
Effectiveness And Efficiency

The main objective of this paper is to present the advantages of using Cost-Benefit analysis in energy efficiency projects implemented in public buildings, and to prove the hypothesis that Cost-Benefit analysis boosts the effectiveness and efficiency of the said type of projects. The paper offers theoretical and practical explanation of the implementation of Cost-Benefit analysis in the relevant area. Since energy efficiency projects in public buildings usually represent a part of a broader portfolio of similar projects and their implementation demands allocation of substantial financial resources, communities are often be interested in achieving maximal economic and non-economic benefits. This paper aims to demonstrate that Cost-Benefit analysis can represent an excellent contribution when attempting to select the projects for implementation within a broader portfolio of energy efficiency projects in public buildings. This hypothesis was demonstrated by putting a greater emphasis on non-economic benefits and the costs arising from implementation of the aforementioned types of projects. In addition, a practical test of this hypothesis was performed through the implementation of an energy efficiency portfolio in public buildings, worth several tens of millions of dollars - the Serbian Energy Efficiency Project. The paper concludes that the use of Cost-Benefit analysis can help us to effectively evaluate and manage projects of this type aimed at achieving maximum benefits for the community in question.

scholarly journals Can we improve academic performance and student satisfaction without additional time cost for teachers? Evidence from a blended methodology in Microeconomics

2019 ◽  
Vol 6 (2) ◽  
pp. 54
Author(s):  
Anett Erdmann ◽  
Alfonso Jesús Torres Marín
Keyword(s):  
Student Satisfaction ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Economic Benefits ◽  
Study Time ◽  
Time Cost ◽  
Benefit Analysis ◽  
Additional Time ◽  
Learning Platform ◽  
The Impact

<p><strong>Purpose</strong>: The main goal of this paper is to determine if the use of a blended methodology can improve performance and satisfaction of the students, with no additional time cost for teachers. As a second objective, the article attempts to explain observed differences across students in the effect of the methodology on study time based on the theory of optimal decision making. Finally, we sketch a simple cost benefit analysis for the digital learning platform (DLP) used.</p><p><strong>Design</strong>: The teachers combined the traditional classes methodology with the adoption of a DLP in two courses of Microeconomics at an undergraduate level at ESIC Business &amp; Marketing School. Subsequently it is analyzed the impact of this methodology on student satisfaction and performance, as well as on student’s study time using different analytical tools.</p><p><strong>Findings:</strong>  students’ grades, at the final exam, increased in a significative way as they spent more time with the DLP and/or when they do more digital assignments at home. Their satisfaction with the blended methodology, and the use of the DLP was quite high for most of students. Their feedback on working time relative to traditional methods showed two extremes, either studying much more or much less. We provide a theoretical explanation for this observation, based on Microeconomic theory.  A cost-benefit analysis of the DLP tool at an institutional level suggests that its economic costs are more than justified by the economic benefits of the tool in terms of student’s satisfaction, brand reputation and teachers time saving.</p><p><strong>Contribution:</strong> This document provides a methodology to measure the benefits of an innovative learning methodology using relevant indicators and employing advanced statistical techniques as regression analysis. It also helps us to understand student’s behavior in the face of an educational innovation based on technology. The findings are in line with economic theory.</p>

scholarly journals Production of Puno and Titicaca quinoa cultivars - cost benefit analysis

2021 ◽  
Vol 26 (5) ◽  
pp. 2953-2963
Author(s):  
SLAĐANA SAVIĆ ◽  
◽  
BORISZ CZEKUS ◽  
ENIKE GREGORIĆ ◽  
SONJA ĐURIČIN ◽  
...  
Keyword(s):  
Management Practices ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Cost Effective ◽  
Economic Benefits ◽  
Climatic Conditions ◽  
Benefit Analysis ◽  
Growing Seasons ◽  
Arid Conditions ◽  
The Republic

The aim of the paper is to test the effect of climatic conditions and management practices on the yield of two quinoa cultivars (Puno and Titicaca) and to analyze the economic benefits of quinoa productivity. The experiments were carried out during the 2017 and 2019 growing seasons in rain-fed conditions on a Serbian farm. The results of the two-year long experiments proved that the growing of the quinoa cultivar Puno and particularly the cultivar Titicaca in the agro-ecological conditions of Serbia would be remarkably successful from the aspect of agronomy (with the obtained average yield of 2.5 t ha-1 ) as well as from the aspect of economy (with the achieved average profit of 9,411 € ha-1 ). The obtained profit values indicate that the quinoa production in the Republic of Serbia would be more cost-effective than the production of the field crops which are already produced, particularly in the increasingly present arid conditions.

scholarly journals The Nature of the Original "Firm": A Coasean Cost-Benefit Analysis of Legalizing Prostitution

2014 ◽  
Vol 21 ◽  
pp. 34
Author(s):  
Malia Dalesandry
Keyword(s):  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Economic Benefits ◽  
Comprehensive Analysis ◽  
Economic Effects ◽  
Benefit Analysis ◽  
Costs And Benefits ◽  
Economic Costs ◽  
Religious Perspective ◽  
Legal Perspective

Though there have been many studies of prostitution from the legal perspective, the feminist perspective, the societal perspective, and the moral, ethical, and religious perspective, the current breadth of literature does not include a cost-benefit analysis from which to examine its economic effects. This paper attempts a comprehensive analysis of legalizing prostitution while noting deficiencies in data and recognizing variations when interpreting existing data. The most salient monetary costs and benefits are discussed and calculated, and many others are included for the sake of a more developed examination. After a sensitivity analysis and a brief discussion of how Coase’s theorem may be utilized to determine economic efficiency, the conclusion and final recommendation is that, because economic benefits vastly outweigh economic costs, all states could benefit economically from legalizing prostitution.

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

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.

A Partial Review of Seven Official Guidelines for Cost-Benefit Analysis

2020 ◽  
Vol 11 (2) ◽  
pp. 272-293 ◽  
Author(s):  
Peter Abelson
Keyword(s):  
Environmental Protection Agency ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Economic Benefits ◽  
Benefit Analysis ◽  
Social Discount Rate ◽  
Protection Agency ◽  
The Social ◽  
Benefit Cost ◽  
Over Time

AbstractThis paper reviews seven contemporary official guidelines to cost-benefit analysis (CBA) with respect to eight major cost-benefit issues drawing on the latest edition of the major CBA textbook for guidance, although not complete authority. The guidelines are those by UK Treasury, European Commission, U.S. Environmental Protection Agency, New Zealand Treasury, Infrastructure Australia, NSW State Treasury, and Victorian State Department of Treasury and Finance. The eight major issues discussed are the issue of standing, core valuation principles, the scope of CBA with reference to potential additional economic benefits, changes in real values over time, the marginal excess tax burden, the social discount rate, use of benefit-cost ratios, and treatment of risk. While all the guidelines are quality guides to CBA, the paper finds that there is room for improved discussion and practice at various points in each of these guidelines.

Response: The Use of Economic Analysis in Public Policy

1995 ◽  
Vol 9 (4) ◽  
pp. 324-326 ◽  
Author(s):  
Wim Wiewel
Keyword(s):  
Economic Analysis ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Economic Benefits ◽  
Economic Losses ◽  
Benefit Analysis ◽  
Policy Relevance ◽  
Economic Tools ◽  
The University ◽  
Environment Cost

Morales and colleagues deserve credit for extending traditional economic analysis by using anthropological field data and applying midlevel economic tools to policy analysis. However, their analysis is problematic because it exaggerates how many benefits would be lost if the Maxwell Street Market were moved, ignores the costs imposed by the market, and does not consider the economic benefits of the university's proposed land use. Even very moderate success of the university's plans will more than compensate for the economic losses caused by the market's move. It was politically impossible for the university to implement its expansion plans while maintaining the market. Such difficult choices inevitably arise in a complex urban environment. Cost-benefit analysis is a useful tool, but provides only some of the information that enters into the decision-making process. Thus analysts must be modest in the claims they make for the policy relevance of their data.

scholarly journals Techno-economics of Biochar and Biogas viability in Ghana

2020 ◽  
Vol 2 (3) ◽  
pp. 33-41
Author(s):  
Eric Fifi Ankamah ◽  
Pax Davies Dzamboe ◽  
Patience Mamle Agbedor ◽  
Godfred Tottimeh ◽  
Joseph Yao Amoah
Keyword(s):  
Net Present Value ◽  
Cost Benefit Analysis ◽  
Cost Benefit ◽  
Economic Benefits ◽  
Payback Period ◽  
Capital Cost ◽  
Benefit Analysis ◽  
Total Capital ◽  
Welfare Change ◽  
Benefits And Costs

Biogas and voucher are technological solutions that deal with sanitation and other environmental problems. The technology for producing biogas from faeces is termed bio-toilet and production of biochar from the same human waste is by means of Sol-char toilet. The study evaluated economic benefits and costs of sol-char toilet and compared with empirical benefits and costs estimates of bio-toilet. Cost Benefit Analysis was used to judge welfare change attribution of investment into Sol Char Toilet and Bio Toilet. The pyrolysis plant was fed with 4000 tons of faeces for which Sol char toilet incurred Total capital cost of US$ 3,140,940.38, Net Present Value (NPV) of US$9,718,817.4788, Profitability Index (PI) of 4.0942381271 and 1.4 years payback period. Bio toilet values for a total of 4000 m3 (100 units of 40 m3 each) were; - Total capital cost of US$ 36,026.05, NPV of US$89,152.75, PI of 3.4746 and 3.46 years payback period. Sol char toilet is faced with high capital requirement challenges, compared with an advantage in smaller payback period and a marginal difference in PI. The study concluded that complementary roles of sol char toilet and bio toilet in the Ghanaian economy is preferred.Keywords: Biogas; Biochar; Cost Benefit Analysis; Profitability Index; Payback period.

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