Cost–Benefit Assessment of Public Investments in France: The Use of Counter-Experts

Luc Baumstark, Roger Guesnerie (), Jincheng Ni and Jean-Paul Ourliac
Additional contact information
Luc Baumstark: Secrétariat général pour l'investissement
Jincheng Ni: France Stratégie
Jean-Paul Ourliac: Committee of Experts on Methods for Socioeconomic Evaluation of Public Investment

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Abstract: Socioeconomic evaluation of a public investment helps to understand its value for the community, and it also improves an investment by analyzing its different components, and the risks inherent in its completion. The Act of 31 December 2012 about Public Finance Planning makes it mandatory in France for project sponsors to conduct an ex-ante socioeconomic evaluation of all public civil investments made by the State and its public institutions. An independent counter-expert assessment of the ex-ante socioeconomic evaluation is conducted for the largest projects. A permanent committee of experts has been established to specify the methodological rules for socioeconomic evaluation and define the studies and research necessary.

Keywords: Cost benefit analysis; Public investment; Counter assessment (search for similar items in EconPapers)
Date: 2021
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Published in Journal of Benefit-Cost Analysis, 2021, 12 (1), pp.152-169. ⟨10.1017/bca.2020.30⟩

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Journal Article: Cost–Benefit Assessment of Public Investments in France: The Use of Counter-Experts (2021)
Working Paper: Cost–Benefit Assessment of Public Investments in France: The Use of Counter-Experts (2021)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:pseptp:halshs-03247663

DOI: 10.1017/bca.2020.30

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