Mega-projects and Regional Development in the Italian Experience

Marco Percoco and Lanfranco Senn

SCIENZE REGIONALI, 2010, vol. 2010/3 Supp, issue 3 Supp, 5-14

Abstract: The aim of this note is to introduce the special issue on "Mega-projects and regional development in the Italian experience" and to review some of the critical issues associated with the evaluation of mega-projects. In particular, we focus on the shortcomings of Cost-Benefit Analysis when the project is large and when network effects are not negligible, and we propose further research on risk assessment and time discounting for long term and risky investments.

Keywords: Analisi dei progetti di investimento; infrastrutture di trasporto; sviluppo regionale (search for similar items in EconPapers)
JEL-codes: H43 H54 R42 (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (1)

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