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Does Benefit-Cost Efficiency Influence Transport Investment Decisions?

Eliasson, Jonas ; Börjesson, Maria ; Odeck, James ; Welde, Morten

Journal of transport economics and policy, 2015, Vol.49 (3), p.377-396 [Periódico revisado por pares]

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Título:
Does Benefit-Cost Efficiency Influence Transport Investment Decisions?
Autor: Eliasson, Jonas ; Börjesson, Maria ; Odeck, James ; Welde, Morten
Assuntos: 02 Road: Economics ; Cost benefit analysis ; Cost efficiency ; Decision process ; Efficiency decisions ; Financial investments ; Government ; Government (national) ; Investment decisions ; Investment plans ; Investment policy ; National government ; Norway ; Policy ; Public administration ; Public investments ; Sweden ; Transport infrastructure
É parte de: Journal of transport economics and policy, 2015, Vol.49 (3), p.377-396
Notas: (HE) Economics of Transport & Comm
0022-5258(20150701)49:3L.377;1-
Descrição: We explore how benefit-cost efficiency and electoral support affect road investment decisions in Sweden and Norway. In Norway, neither benefits nor costs seem to affect project selection. In Sweden, civil servants' decisions are strongly affected by projects' benefit-cost ratios, with a stronger effect for more expensive projects, while politicians' decisions are only weakly affected, and only for small projects. In both countries, governments tend to favour investments in regions where they enjoy strong local electoral support. Using cost efficiency as a final selection criterion seems to filter out many inefficient projects already at an early stage of the planning process.
Editor: LSE and the University of Bath
Idioma: Inglês

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