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Members of the Norwegian Parliament were interviewed about the decision process concerning national road investments. Most of them found cost-benefit analysis useful, but apparently not as a device for ranking projects. Rather, the cost-benefit ratio was used to pick project proposals requiring...
Persistent link: https://www.econbiz.de/10011967941
This paper illustrates the story of the Port of Gioia Tauro, a major infrastructure investment co-financed by the European Regional Development Fund in the period 1994-1998, but whose origin dates back to the beginning of the 1970s. It draws from a recent ex-post evaluation carried out for the...
Persistent link: https://www.econbiz.de/10011397530
The effects of a policy measure often reach the consumer only after one or more intermediatesteps, for instance because the measure lowers the cost of an input for an industry producinga consumer good. This paper is concerned with the question how to measure such indirect effectscorrectly under...
Persistent link: https://www.econbiz.de/10011325968
Members of the Norwegian Parliament were interviewed about the decision process concerning national road investments. Most of them found cost-benefit analysis useful, but apparently not as a device for ranking projects. Rather, the cost-benefit ratio was used to pick project proposals requiring...
Persistent link: https://www.econbiz.de/10004980939
This paper illustrates the story of the Port of Gioia Tauro, a major infrastructure investment co-financed by the European Regional Development Fund in the period 1994-1998, but whose origin dates back to the beginning of the 1970s. It draws from a recent ex-post evaluation carried out for the...
Persistent link: https://www.econbiz.de/10010740393
It has been a challenge for the Limpopo Provincial Government to tackle the eradication of poverty and the acceleration of the pace of economic growth in the province. It is of importance for the Government to provide the basic infrastructure facilities such as roads, water, electricity, and...
Persistent link: https://www.econbiz.de/10010700471
In the last 20 years light rail and tramway schemes have been introduced in many European cities. The effects of these schemes over public transport patronage, and the benefits they have generated, seem to have sometimes been overestimated. The availability of some experiences helps in deriving...
Persistent link: https://www.econbiz.de/10008565129
Abstract: This paper determines the optimal timing of dike heightenings as well as the corresponding optimal dike heightenings to protect against floods. To derive the optimal policy we design an algorithm based on the Impulse Control Maximum Principle. In this way the paper presents one of the...
Persistent link: https://www.econbiz.de/10011090839
This paper draws and expands from a recent ex-post evaluation carried out for the European Commission aimed at assessing the long term effects produced by a sample of ten major infrastructures in the Transport and Environment sectors and interpreting the key determinants of the observed...
Persistent link: https://www.econbiz.de/10010857733
Three main approaches can be used to assess infrastructure performance. The first employs macro-econometric techniques to estimate the impact of the existing infrastructure capital stock on growth and to infer its growth-maximising level. This approach neglects the impact of infrastructure on...
Persistent link: https://www.econbiz.de/10011276968