WHAT ARE LEFT UNDERESTIMATED USING COST-BENEFIT ANALYSIS FOR PUBLIC PROJECT EVALUATION?

Jurgita Baranauskiene, Valdemaras Makutenas and Albina Novosinskiene

Economy & Business Journal, 2014, vol. 8, issue 1, 856-867

Abstract: Public projects don’t generate enough income to be financially justified, but create social benefits. Every project should be evaluated in order to make the investment decision. The cost-benefit analysis is a common method for public project evaluation, but this method does not fully comply with the basic concept of public projects. This theoretical and empirical research disclosed limitations of the cost-benefit analysis, used for public projects evaluation and identified the problem field for improving the cost-benefit analysis or creating new methods for public project evaluation.

Keywords: investment; public project; social benefits; cost-benefit analysis (search for similar items in EconPapers)
JEL-codes: A (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:isp:journl:v:8:y:2014:i:1:p:856-867

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