The Use of Ex Post Cost-Benefit Analysis to Assess the Long-Term Effects of Major Infrastructure Projects

18 Pages Posted: 28 Jan 2016

See all articles by Massimo Florio

Massimo Florio

University of Milan - Department of Economics, Management and Quantitative Methods (DEMM)

Silvia Vignetti

CSIL - Centro Studi Industria Leggera

Date Written: May 22, 2013

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

JEL Classification: D61, H54, R58

Suggested Citation

Florio, Massimo and Vignetti, Silvia, The Use of Ex Post Cost-Benefit Analysis to Assess the Long-Term Effects of Major Infrastructure Projects (May 22, 2013). Available at SSRN: https://ssrn.com/abstract=2723381 or http://dx.doi.org/10.2139/ssrn.2723381

Massimo Florio (Contact Author)

University of Milan - Department of Economics, Management and Quantitative Methods (DEMM) ( email )

Via Conservatorio 7
I-20122 Milano, 20122
Italy
+39 02 50321510 (Phone)
+39 02 50321505 (Fax)

HOME PAGE: http://www.demm.unimi.it/ecm/home

Silvia Vignetti

CSIL - Centro Studi Industria Leggera ( email )

Via P. Amedeo 34
10123 Torino, 20122
Italy

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