Estimating wider economic impacts in transport project prioritisation using ex-post analysis

Weisbrod, Glen

doi:10.1787/9789282108093-5-en

Cited by 4 publications

(3 citation statements)

References 6 publications

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“…Takođe, Norveška agencija za javne puteve (Statens vegvesen) sprovodi nekoliko ex-post analiza CBA studija godišnje, Francuska ima okvire za sprovođenje ex-post analiza (LOTI), dok su u SAD ministarstvo saobraćaja (US DOT) i Transportation Research Board napravili uputstva za sprovođenje i nacionalnu bazu podataka za sakupljanje ex-post studija transportnih projekata [10,16,17].…”

Section: Ex-post Analize U Republici Srbijiunclassified

Ex-post feasibility study analysis as a tool for achieved effects of large infrastructure projects analysis

Stepanović¹,

Djoric²,

Tubić³

2022

Tehnika

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The analysis of the large infrastructure projects effects reveals frequent errors in the intensity of traffic flows or investment costs estimation, which can jeopardize the established feasibility of the project. This reflects the importance of ex-post analyzes because they provide valuable information on the fulfillment of project goals, ie they are useful for the purpose of efficiency monitoring and cost-benefit analysis (CBA) improvement. A feasibility study for the construction of the second carriageway of the E75 freeway, on the section from Novi Sad to Belgrade, was done in 2003, and the results of a detailed traffic and economic analysis showed the absolute economic feasibility of this project. ex-post analysis of key factors enabled the identification of realized effects and the identification of all deviations, both in time dynamics and in economic indicators of costs/benefits. The results of the first conducted ex-post analysis of infrastructure projects in Serbia showed that the Mean Percentage Error (MPE) in the traffic forecast is -16.42%, and that investment costs are exceeded by 9.3%. The obtained internal rate of return (IRR) is less than 33% to 50% depending on the observed variant, but even the most critical value of 7.03% showed that the project was economically feasible.

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Section: Ex-post Analize U Republici Srbijiunclassified

Ex-post feasibility study analysis as a tool for achieved effects of large infrastructure projects analysis

Stepanović¹,

Djoric²,

Tubić³

2022

Tehnika

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“…The induced effect is a measure of this increase in household-to-business activity. In addition, dynamic effects are caused by geographical shifts over time in populations and businesses (Weisbrod & Weisbrod, 1997). Table 7 provides a measure of the consumption-induced multiplier of the RRPCL investment starting from 2025 to 2030.…”

Section: Estimation Of Direct and Indirect Benefits During The Constr...mentioning

confidence: 99%

Economic Impact Analysis of a Mega Project on Petroleum Refinery: A Case Study of the Proposed Ratnagiri Refinery in Maharashtra

Bandyopadhyay

Biswas

Pratap

et al. 2022

Margin: The Journal of Applied Economic Research

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An economic evaluation of mega projects is very important for taking into account important aspects connected with investment and operation costs, their possible overflows and the fulfilment of the time period intended for the project. But it is also needed for monitoring the impact of the projects on the overall economy and the regional surroundings. The main objective of the present article is the evaluation of a particular mega project, that is, Ratnagiri Refinery and Petrochemicals Limited, by examining the various aspects of economic evaluation using a new methodology for the estimation of the specific impact in the project evaluation. JEL Codes: C67, L71, L74

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“…Although market access impacts have long been considered in transportation planning, the advent of travel demand models and benefit-cost analysis have more narrowly focused attention to investment decision making based on traveler time and cost savings. More recently, though, the role of improving market access and its effects on enhancing productivity has again gained consideration in the context of wider economic benefits for transportation investment evaluation (1)(2)(3).…”

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Relationship of Regional, Freight, and Intermodal Market Access to Industry Location and Productivity

Weisbrod¹,

Goldberg²

2022

Transportation Research Record: Journal of the Transportation R

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Although a significant body of research has focused on employment agglomeration at an urban level, this paper presents a broader view that also includes new empirical research on wider regional and intermodal access and its economic implications. The analysis shows how business clustering (employment agglomeration) can occur at different scales and in different forms, reflecting a range of needs to access local and regional populations, suppliers, and customers, as well as intermodal gateways that provide access to national and global markets. These different types of access have broader economic development and productivity implications that are particularly important for transportation planners who evaluate proposals for freight and passenger modal investments connecting communities and intermodal facilities. To address these issues, the paper brings together three complementary perspectives: (a) transportation planning literature that distinguishes types of transportation investment and plans; (b) site location literature that defines business location decision processes and their spatial scale; and (c) economic research that provides a basis for defining scale economies and productivity effects. It presents results of a new U.S. study that develops statistical relationships between types of access and industries in relation to their relative concentration and productivity at a county level. The results show the importance for transportation planners to consider freight access as well as customer and worker access. They also indicate the potential for decision bias if project prioritization and cost–benefit analyses fail to consider the full range of spatial scales relevant for assessing market access. The article discusses implications of these findings in terms practical applications for transportation investment planning, and it highlights remaining needs for further research.

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Estimating wider economic impacts in transport project prioritisation using ex-post analysis

Cited by 4 publications

References 6 publications

Ex-post feasibility study analysis as a tool for achieved effects of large infrastructure projects analysis

Ex-post feasibility study analysis as a tool for achieved effects of large infrastructure projects analysis

Economic Impact Analysis of a Mega Project on Petroleum Refinery: A Case Study of the Proposed Ratnagiri Refinery in Maharashtra

Relationship of Regional, Freight, and Intermodal Market Access to Industry Location and Productivity

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