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Facts and Furphies in Benefit-Cost Analysis: Transport

Facts and Furphies in Benefit-Cost Analysis: Transport

Publication Type:
Research Report 100

Publication Subject(s):

ISBN:
0642422397

ISSN:
1440-9569

Release Date:
November 1999

Benefit-cost analysis (BCA) is a valuable and widely used tool. To reduce the odds of misuse, this report probes some important methodological issues, especially as they relate to transport projects. The discussion is relatively non-technical and draws on case studies. The issues examined include claims that transport projects fail to measure certain benefits: employment creation, regional development, logistic adaptations and ‘positive externalities’. Also examined are the choice of discount rate, the treatment of taxes, the valuation of travel time, multi-criteria analysis as an alternative to BCA, and the role of national economic models.

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