Assessing regional large-scale transportation projects: a factor of indeterminacy

E.B. Kibalov and A. A. Kin

Journal "Region: Economics and Sociology", 2007, vol. 3

Abstract: The paper analyzes the modern theoretical and applied problems concerning the assessment of the large-scale investment projects under conditions of indeterminacy. The authors consider the domestic and foreign assessment techniques and conclude that their deterministic character is a key shortcoming. Having analyzed the large-scale regional transportation projects such as the Baikal-Amur Railroad, the Euro Tunnel and the Eastern Siberia-Pacific Pipeline, the authors show what happens if the inadequate approaches to assessing the strategic and tactic risks are applied to evaluating the input-output costs. In authors’ opinion, the reasons of the failures observed in above mentioned projects are as follows - the basic money flow models and the financial assessment criteria applied to validate the projects proved to be primitive; or the calculations - too mathematized in prejudice of a content-rich multi criteria analysis; or there was no a comprehensive public expertise. The paper presents a “neosystem” approach based on the institutional analysis and the contemporary computer and expert technologies.

Date: 2007
Note: Theoretical Issues of Regional Economics
References: Add references at CitEc
Citations: View citations in EconPapers (1)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nos:regioe:2007-3_6

Access Statistics for this article

More articles in Journal "Region: Economics and Sociology" from Institute of Economics and Industrial Engineering of Siberian Branch of RAS
Bibliographic data for series maintained by Galina Cheverda ().