The use of ex post Cost-Benefit Analysis to assess the long-term effects of Major Infrastructure Projects

Massimo Florio and Silvia Vignetti

Working Papers from CSIL Centre for Industrial Studies

Abstract: This paper draws and expands from a recent ex-post evaluation carried out for the European Commission aimed at assessing the long term effects produced by a sample of ten major infrastructures in the Transport and Environment sectors and interpreting the key determinants of the observed performance. This evaluation study offered a unique opportunity to draw conclusions on the value of performing ex-post evaluations and to test an innovative evaluation design combining cost-benefit analysis (CBA) with qualitative assessment and adopting a long-run perspective (30 years), which extends into both the past and the future, and requires a mix of retrospective and prospective analysis. This paper presents the potential of ex-post CBA to assess long term impacts of major infrastructure projects and discusses some methodological and institutional implications related to its use.

Keywords: Cost-benefit analysis; Ex-post evaluation; Infrastructures (search for similar items in EconPapers)
JEL-codes: D61 H54 R58 (search for similar items in EconPapers)
Pages: 18 pages
Date: 2013-05-22
New Economics Papers: this item is included in nep-ore, nep-ppm, nep-tre and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Persistent link: https://EconPapers.repec.org/RePEc:mst:wpaper:201302

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