Notes on the Economic Evaluation of Transport Projects
In response to many requests for help in the application of both conventional cost benefit analysis in transport and addressing of the newer topics of interest, we have prepared a series of Economic Evaluation Notes that provide guidance on some of...
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2005/01/6370917/notes-economic-evaluation-transport-projects http://hdl.handle.net/10986/11791 |
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okr-10986-117912021-04-23T14:02:57Z Notes on the Economic Evaluation of Transport Projects Mackie, Peter Nellthorp, John Laird, James ACCIDENTS AIR POLLUTION ALTERNATIVE USE ASSETS BASE YEAR BENEFIT STREAMS BRIDGE BUS BUSES CAR OWNERSHIP CAR USERS COMMUTING CONSUMER SURPLUS CONSUMERS COST BENEFIT ANALYSIS COST EFFECTIVENESS COST EFFECTIVENESS ANALYSIS COST PER TRIP COST SAVINGS DEBT DECISION MAKING DEMAND CURVE DEVELOPMENT STRATEGY DISCLOSURE DISCOUNT RATE ECONOMIC ANALYSIS ECONOMIC APPRAISAL ECONOMIC ASSUMPTIONS ECONOMIC EVALUATION ECONOMIC FORECASTS ECONOMIC GROWTH ECONOMIC IMPACT ECONOMIC JUSTIFICATION ECONOMIC PERFORMANCE ECONOMIC RATE OF RETURN ECONOMIC VALUE ECONOMIC WELFARE ECONOMICS EMPLOYMENT ENVIRONMENTAL ENVIRONMENTAL IMPACTS EQUILIBRIUM EXCHANGE RATE EXCHANGE RATES EXPENDITURES EXTERNALITIES EXTERNALITY FARES FORECASTS FRAMEWORK FUEL GDP GENERATED TRAFFIC GROWTH RATE HUMAN BEHAVIOUR INCOME INFLATION INSURANCE INTERNAL RATE OF RETURN JOURNEY LEISURE MARGINAL COST MARKET DISTORTIONS MARKET PRICES MASS TRANSIT MODE OF TRANSPORT MODES OF TRANSPORT NET BENEFITS NET PRESENT VALUE NET WORTH NMT NOISE OPPORTUNITY COST OPPORTUNITY COSTS PASSENGER PEDESTRIANS PERFECT COMPETITION POLICY DECISIONS POLLUTION POVERTY ALLEVIATION PRESENT VALUE PUBLIC TRANSPORT PUBLIC TRANSPORT USERS QUALITY ASSESSMENT RAILWAYS ROAD INFRASTRUCTURE ROUTES ROUTINE MAINTENANCE RURAL ROADS SAFETY SAFETY ISSUES SAVINGS SETTING OUT SHADOW PRICES STREAMS TAX REVENUE TAXATION TOLL ROAD PROJECTS TOLL ROADS TOTAL COSTS TOTAL ECONOMIC VALUE TOTAL REVENUE TRAFFIC TRAFFIC GROWTH TRANSPORT TRANSPORT ECONOMICS TRANSPORT IMPROVEMENTS TRANSPORT INFRASTRUCTURE TRANSPORT INVESTMENT TRANSPORT OPERATORS TRANSPORT PROJECTS TRANSPORT SECTOR TRANSPORT SERVICES TRANSPORT SYSTEM TRANSPORTATION TRAVEL TIME TRIP GENERATION TRIP PURPOSE TRIPS URBAN DEVELOPMENT URBAN MASS TRANSIT USER BENEFITS USER CHARGES VALUE OF TIME VEHICLE OPERATING COSTS VEHICLES WAGE RATES WAGES WILLINGNESS TO PAY WTP In response to many requests for help in the application of both conventional cost benefit analysis in transport and addressing of the newer topics of interest, we have prepared a series of Economic Evaluation Notes that provide guidance on some of issues that have proven more difficult to deal with. The Economic Evaluation Notes are arranged in three groups. The first group (TRN-6 to TRN-10) provides criteria for selection a particular evaluation technique or approach; the second (TRN-11 to TRN-17) addresses the selection of values of various inputs to the evaluation, and the third (TRN-18 to TRN-26) deals with specific problematic issues in economic evaluation. The Notes are preceded by a Framework (TRN-5), that provides the context within which we use economic evaluation in the transport sector. Economic evaluation involves the assessment of the net value of projects and policies. In the transport sector we value projects in terms of their net worth, the difference between the value of their benefits and their costs, both measured so far as is possible in terms of monetary units. This disarmingly simple statement leads to many questions; evaluation by whom, for whom, from what perspective, at what stage. One of the features of transport decisions is that they typically impact on many parties - transport operators, individual transport users, local residents and businesses, land and property owners, national and local taxpayers. 2012-08-13T16:02:13Z 2012-08-13T16:02:13Z 2005-01 http://documents.worldbank.org/curated/en/2005/01/6370917/notes-economic-evaluation-transport-projects http://hdl.handle.net/10986/11791 English Transport Notes Series; No. TRN-5 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Brief Publications & Research |
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Digital Repository |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
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English |
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ACCIDENTS AIR POLLUTION ALTERNATIVE USE ASSETS BASE YEAR BENEFIT STREAMS BRIDGE BUS BUSES CAR OWNERSHIP CAR USERS COMMUTING CONSUMER SURPLUS CONSUMERS COST BENEFIT ANALYSIS COST EFFECTIVENESS COST EFFECTIVENESS ANALYSIS COST PER TRIP COST SAVINGS DEBT DECISION MAKING DEMAND CURVE DEVELOPMENT STRATEGY DISCLOSURE DISCOUNT RATE ECONOMIC ANALYSIS ECONOMIC APPRAISAL ECONOMIC ASSUMPTIONS ECONOMIC EVALUATION ECONOMIC FORECASTS ECONOMIC GROWTH ECONOMIC IMPACT ECONOMIC JUSTIFICATION ECONOMIC PERFORMANCE ECONOMIC RATE OF RETURN ECONOMIC VALUE ECONOMIC WELFARE ECONOMICS EMPLOYMENT ENVIRONMENTAL ENVIRONMENTAL IMPACTS EQUILIBRIUM EXCHANGE RATE EXCHANGE RATES EXPENDITURES EXTERNALITIES EXTERNALITY FARES FORECASTS FRAMEWORK FUEL GDP GENERATED TRAFFIC GROWTH RATE HUMAN BEHAVIOUR INCOME INFLATION INSURANCE INTERNAL RATE OF RETURN JOURNEY LEISURE MARGINAL COST MARKET DISTORTIONS MARKET PRICES MASS TRANSIT MODE OF TRANSPORT MODES OF TRANSPORT NET BENEFITS NET PRESENT VALUE NET WORTH NMT NOISE OPPORTUNITY COST OPPORTUNITY COSTS PASSENGER PEDESTRIANS PERFECT COMPETITION POLICY DECISIONS POLLUTION POVERTY ALLEVIATION PRESENT VALUE PUBLIC TRANSPORT PUBLIC TRANSPORT USERS QUALITY ASSESSMENT RAILWAYS ROAD INFRASTRUCTURE ROUTES ROUTINE MAINTENANCE RURAL ROADS SAFETY SAFETY ISSUES SAVINGS SETTING OUT SHADOW PRICES STREAMS TAX REVENUE TAXATION TOLL ROAD PROJECTS TOLL ROADS TOTAL COSTS TOTAL ECONOMIC VALUE TOTAL REVENUE TRAFFIC TRAFFIC GROWTH TRANSPORT TRANSPORT ECONOMICS TRANSPORT IMPROVEMENTS TRANSPORT INFRASTRUCTURE TRANSPORT INVESTMENT TRANSPORT OPERATORS TRANSPORT PROJECTS TRANSPORT SECTOR TRANSPORT SERVICES TRANSPORT SYSTEM TRANSPORTATION TRAVEL TIME TRIP GENERATION TRIP PURPOSE TRIPS URBAN DEVELOPMENT URBAN MASS TRANSIT USER BENEFITS USER CHARGES VALUE OF TIME VEHICLE OPERATING COSTS VEHICLES WAGE RATES WAGES WILLINGNESS TO PAY WTP |
| spellingShingle |
ACCIDENTS AIR POLLUTION ALTERNATIVE USE ASSETS BASE YEAR BENEFIT STREAMS BRIDGE BUS BUSES CAR OWNERSHIP CAR USERS COMMUTING CONSUMER SURPLUS CONSUMERS COST BENEFIT ANALYSIS COST EFFECTIVENESS COST EFFECTIVENESS ANALYSIS COST PER TRIP COST SAVINGS DEBT DECISION MAKING DEMAND CURVE DEVELOPMENT STRATEGY DISCLOSURE DISCOUNT RATE ECONOMIC ANALYSIS ECONOMIC APPRAISAL ECONOMIC ASSUMPTIONS ECONOMIC EVALUATION ECONOMIC FORECASTS ECONOMIC GROWTH ECONOMIC IMPACT ECONOMIC JUSTIFICATION ECONOMIC PERFORMANCE ECONOMIC RATE OF RETURN ECONOMIC VALUE ECONOMIC WELFARE ECONOMICS EMPLOYMENT ENVIRONMENTAL ENVIRONMENTAL IMPACTS EQUILIBRIUM EXCHANGE RATE EXCHANGE RATES EXPENDITURES EXTERNALITIES EXTERNALITY FARES FORECASTS FRAMEWORK FUEL GDP GENERATED TRAFFIC GROWTH RATE HUMAN BEHAVIOUR INCOME INFLATION INSURANCE INTERNAL RATE OF RETURN JOURNEY LEISURE MARGINAL COST MARKET DISTORTIONS MARKET PRICES MASS TRANSIT MODE OF TRANSPORT MODES OF TRANSPORT NET BENEFITS NET PRESENT VALUE NET WORTH NMT NOISE OPPORTUNITY COST OPPORTUNITY COSTS PASSENGER PEDESTRIANS PERFECT COMPETITION POLICY DECISIONS POLLUTION POVERTY ALLEVIATION PRESENT VALUE PUBLIC TRANSPORT PUBLIC TRANSPORT USERS QUALITY ASSESSMENT RAILWAYS ROAD INFRASTRUCTURE ROUTES ROUTINE MAINTENANCE RURAL ROADS SAFETY SAFETY ISSUES SAVINGS SETTING OUT SHADOW PRICES STREAMS TAX REVENUE TAXATION TOLL ROAD PROJECTS TOLL ROADS TOTAL COSTS TOTAL ECONOMIC VALUE TOTAL REVENUE TRAFFIC TRAFFIC GROWTH TRANSPORT TRANSPORT ECONOMICS TRANSPORT IMPROVEMENTS TRANSPORT INFRASTRUCTURE TRANSPORT INVESTMENT TRANSPORT OPERATORS TRANSPORT PROJECTS TRANSPORT SECTOR TRANSPORT SERVICES TRANSPORT SYSTEM TRANSPORTATION TRAVEL TIME TRIP GENERATION TRIP PURPOSE TRIPS URBAN DEVELOPMENT URBAN MASS TRANSIT USER BENEFITS USER CHARGES VALUE OF TIME VEHICLE OPERATING COSTS VEHICLES WAGE RATES WAGES WILLINGNESS TO PAY WTP Mackie, Peter Nellthorp, John Laird, James Notes on the Economic Evaluation of Transport Projects |
| relation |
Transport Notes Series; No. TRN-5 |
| description |
In response to many requests for help in
the application of both conventional cost benefit analysis
in transport and addressing of the newer topics of interest,
we have prepared a series of Economic Evaluation Notes that
provide guidance on some of issues that have proven more
difficult to deal with. The Economic Evaluation Notes are
arranged in three groups. The first group (TRN-6 to TRN-10)
provides criteria for selection a particular evaluation
technique or approach; the second (TRN-11 to TRN-17)
addresses the selection of values of various inputs to the
evaluation, and the third (TRN-18 to TRN-26) deals with
specific problematic issues in economic evaluation. The
Notes are preceded by a Framework (TRN-5), that provides the
context within which we use economic evaluation in the
transport sector. Economic evaluation involves the
assessment of the net value of projects and policies. In the
transport sector we value projects in terms of their net
worth, the difference between the value of their benefits
and their costs, both measured so far as is possible in
terms of monetary units. This disarmingly simple statement
leads to many questions; evaluation by whom, for whom, from
what perspective, at what stage. One of the features of
transport decisions is that they typically impact on many
parties - transport operators, individual transport users,
local residents and businesses, land and property owners,
national and local taxpayers. |
| format |
Publications & Research :: Brief |
| author |
Mackie, Peter Nellthorp, John Laird, James |
| author_facet |
Mackie, Peter Nellthorp, John Laird, James |
| author_sort |
Mackie, Peter |
| title |
Notes on the Economic Evaluation of Transport Projects |
| title_short |
Notes on the Economic Evaluation of Transport Projects |
| title_full |
Notes on the Economic Evaluation of Transport Projects |
| title_fullStr |
Notes on the Economic Evaluation of Transport Projects |
| title_full_unstemmed |
Notes on the Economic Evaluation of Transport Projects |
| title_sort |
notes on the economic evaluation of transport projects |
| publisher |
World Bank, Washington, DC |
| publishDate |
2012 |
| url |
http://documents.worldbank.org/curated/en/2005/01/6370917/notes-economic-evaluation-transport-projects http://hdl.handle.net/10986/11791 |
| _version_ |
1764418008958107648 |