Search: onr:"swepub:oai:DiVA.org:vti-13047" > Economic Analysis a...
Fältnamn | Indikatorer | Metadata |
---|---|---|
000 | 04078naa a2200481 4500 | |
001 | oai:DiVA.org:vti-13047 | |
003 | SwePub | |
008 | 180620s2018 | |||||||||||000 ||eng| | |
009 | oai:DiVA.org:oru-66992 | |
024 | 7 | a https://urn.kb.se/resolve?urn=urn:nbn:se:vti:diva-130472 URI |
024 | 7 | a https://doi.org/10.1017/bca.2018.32 DOI |
024 | 7 | a https://urn.kb.se/resolve?urn=urn:nbn:se:oru:diva-669922 URI |
040 | a (SwePub)vtid (SwePub)oru | |
041 | a engb eng | |
042 | 9 SwePub | |
072 | 7 | a ref2 swepub-contenttype |
072 | 7 | a art2 swepub-publicationtype |
100 | 1 | a Andersson, Henriku Toulouse School of Economics, University of Toulouse Capitole, Toulouse, France4 aut0 (Swepub:vti)henrik.andersson@vti.se |
245 | 1 0 | a Economic Analysis and Investment Priorities in Sweden's Transport Sector |
264 | c 2018-03-22 | |
264 | 1 | b Cambridge University Press,c 2018 |
338 | a print2 rdacarrier | |
500 | a Funding Agencies:VTI Centre for Transport Studies, Stockholm | |
520 | a Beginning as a planning tool within Sweden's national road administration some 50 years ago, benefit-cost analysis (BCA) has come to be a pillar of the national transport policy because of subsequent strategic choices made by the national parliament. These choices made it necessary to widen the analysis of costs to include also externalities and a foregone conclusion was that efficient investment priorities should be made based on BCA. But no one asked whether the political decision makers or the BCA models were up to that task. This paper reviews the institutional framework and practice of BCA in Sweden for transport infrastructure investment, and considers design issues that have been and still are debated, such as whether the discount rate should include a risk term and how to account for the marginal cost of public funds. A main concern with BCA results is the underestimation of construction costs, making transport sector projects look better than they are. Several ex post analyses have established that a higher NPV ratio increases the probability of being included in the investment program proposal prepared by the agency. The requirement to let projects undergo BCA seems to make planners trim project proposals by trying to reduce investment costs without significantly reducing benefits. This relationship is weaker among profitable projects. Moreover, there is no correlation between rate of return and the probability of being included in the final program, which is established on political grounds. | |
650 | 7 | a SAMHÄLLSVETENSKAPx Ekonomi och näringslivx Nationalekonomi0 (SwePub)502012 hsv//swe |
650 | 7 | a SOCIAL SCIENCESx Economics and Businessx Economics0 (SwePub)502012 hsv//eng |
653 | a Cost benefit analysis | |
653 | a Transport infrastructure | |
653 | a Government (national) | |
653 | a Decision process | |
653 | a Investment | |
653 | a Evaluation (assessment) | |
653 | a 02 Road: Economics | |
653 | a 02 Road: Economics | |
700 | 1 | a Hultkrantz, Lars,d 1952-u Örebro universitet,Handelshögskolan vid Örebro Universitet,Örebro Universitet4 aut0 (Swepub:oru)lhz |
700 | 1 | a Lindberg, Gunnaru The Institute of Transport Economics, Oslo, Norway4 aut |
700 | 1 | a Nilsson, Jan-Eric,d 1952-u Statens väg- och transportforskningsinstitut,Transportekonomi, TEK,Swedish National Road and Transport Research Institute (VTI), Stockholm, Sweden; Centre for Transport Studies, KTH, Sweden4 aut0 (Swepub:vti)jan-eric.nilsson@vti.se |
710 | 2 | a Toulouse School of Economics, University of Toulouse Capitole, Toulouse, Franceb Handelshögskolan vid Örebro Universitet4 org |
773 | 0 | t Journal of Benefit-Cost Analysisd : Cambridge University Pressg 9:1, s. 120-146q 9:1<120-146x 2194-5888x 2152-2812 |
856 | 4 | u http://publications.ut-capitole.fr/26015/1/sweden_transport.pdf |
856 | 4 8 | u https://urn.kb.se/resolve?urn=urn:nbn:se:vti:diva-13047 |
856 | 4 8 | u https://doi.org/10.1017/bca.2018.3 |
856 | 4 8 | u https://urn.kb.se/resolve?urn=urn:nbn:se:oru:diva-66992 |
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