Assessment of societal (socio-economic) efficiency as an element of the life cycle of an investment project

Pavel Pokrashenko ()
Additional contact information
Pavel Pokrashenko: Federal Autonomous Scientific Institution «Eastern State Planning Centre»

Working Papers from The Eastern State Planning Center

Abstract: At present, significant attention in research is devoted to the development and improvement of methodologies for assessing the societal efficiency of investment projects. In this study, based on the analysis of the two-stage life cycle of an investment project, the tasks faced in evaluating societal efficiency are revealed, and the requirements for assessment methodologies arising from these tasks are outlined. It is demonstrated that during the stage of detailed analysis and implementation of an investment project, the result of assessing its societal efficiency should be an integral indicator – a monetized societal effect. Meanwhile, during the preliminary analysis stage, simplified methodologies for assessing societal efficiency can be employed without calculating a monetized societal effect. It is also identified that the practical application of methodologies for evaluating the societal efficiency of investment projects is possible with the availability of market data, research, and assessment results.

Keywords: PROJECT EFFECTIVENESS; ECONOMIC EFFICIENCY; INVESTMENT PROJECT; CBA; CGE, EIA, EXTERNAL EFFECTS (search for similar items in EconPapers)
JEL-codes: E22 H43 H54 (search for similar items in EconPapers)
Pages: 8 pages
Date: 2023-12, Revised 2023-12
References: Add references at CitEc
Citations:

Downloads: (external link)
ftp://portal.vostokgosplan.ru/RePEc/aln/Assessment ... n_investment_project Revised version, 2023 (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 File not found

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:aln:wpaper:350-00001-23/3

Access Statistics for this paper

More papers in Working Papers from The Eastern State Planning Center Contact information at EDIRC.
Bibliographic data for series maintained by Elena Veprikova ().