Economic Valuation of Development Projects : A Case Study of a Non-Motorized Transport Project in India
One of the major difficulties in doing cost-benefit analysis of a development project is to estimate the total economic value of project benefits, which are usually multi-dimensional and include goods and services that are not traded in the market....
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| Format: | Policy Research Working Paper |
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2012
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| Online Access: | http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100916112820 http://hdl.handle.net/10986/3906 |
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okr-10986-39062021-04-23T14:02:13Z Economic Valuation of Development Projects : A Case Study of a Non-Motorized Transport Project in India Wang, Hua Fang, Ke Shi, Yuyan ACCIDENT RISKS ACCIDENTS AIR AIR POLLUTION AIR QUALITY AIR QUALITY IMPROVEMENTS AIRCRAFT AIRCRAFT NOISE AIRPORT AIRPORT EXPANSION AUTO INDUSTRY BENCHMARK BICYCLES BUS BUSES CAPACITY BUILDING CARS CONDITIONS FOR PEDESTRIANS CONGESTION CONSTRUCTION CONTINGENT VALUATION COST-BENEFIT ANALYSES COST-BENEFIT ANALYSIS CROSSWALK CYCLE TRACKS CYCLING CYCLISTS DESCRIPTION DEVELOPMENT PROJECTS DICHOTOMOUS CHOICE DRIVING DRIVING COSTS ECOLOGICAL ECONOMICS ECONOMETRIC ANALYSES ECONOMETRIC ANALYSIS ECONOMIC CONDITIONS ECONOMIC STATISTICS ECONOMIC THEORIES ECONOMIC VALUE ELASTICITIES ENVIRONMENTAL ENVIRONMENTAL ECONOMICS ENVIRONMENTAL PROTECTION ENVIRONMENTAL PROTECTION AGENCY ENVIRONMENTAL QUALITY ENVIRONMENTAL SCIENCES EQUALITY EQUATIONS EXPENDITURES FEEDER ROADS FEMALE FOOTPATHS FRAMEWORK FUEL FUEL EFFICIENCY GENDER HIGHWAY HOUSEHOLDS ILLEGAL PARKING INCENTIVE EFFECTS INCOME INCOME EFFECT INCOME LEVELS LABOR FORCE LAND ECONOMICS LANES MARKET PRICES MAXIMUM LIKELIHOOD ESTIMATION MOTOR VEHICLE MOTOR VEHICLE USERS MOTORISTS NMT NONMOTORIZED TRANSPORT NORMAL GOOD PAVEMENT PAVEMENTS PAVING PEAK HOURS PEDESTRIAN POLLUTION POPULATION DENSITY PUBLIC TRANSIT PUBLIC TRANSPORT PUBLIC TRANSPORT SYSTEM PUBLIC TRANSPORTATION RAPID TRANSIT RIGHT OF WAY ROAD ROAD CONDITIONS ROAD CONGESTION ROAD CONSTRUCTION ROAD MARKINGS ROAD NETWORK ROAD PRICING ROAD SPACE ROAD SURFACE ROADS ROADWAY ROADWAYS RURAL TRANSIT SAFETY SHARING SIGNAGE SIGNS SLUM STOPPING DISTANCE STREETS STRICTER ENFORCEMENT TECHNICAL ASSISTANCE TOTAL ECONOMIC VALUE TRAFFIC TRAFFIC ACCIDENT TRAFFIC CONGESTION TRAFFIC CONTROL TRAFFIC SIGNALS TRAFFIC SITUATION TRANSPORT TRANSPORT ECONOMICS TRANSPORT ECONOMISTS TRANSPORT INFRASTRUCTURE TRANSPORT MODES TRANSPORT PROJECTS TRANSPORT SECTOR TRANSPORT SERVICE TRANSPORT SYSTEM TRANSPORTATION TRANSPORTATION COST TRANSPORTATION IMPROVEMENT TRANSPORTATION INFRASTRUCTURE TRANSPORTATION PROBLEMS TRANSPORTATION RESEARCH TRANSPORTATION SYSTEM TRIPS TRUE UNDERPASSES URBAN DEVELOPMENT URBAN SPRAWL URBAN TRANSPORT VEHICLE VEHICLE EMISSION VEHICLE NOISE VEHICLES WALKING WALKING DISTANCE WILLINGNESS TO PAY WTP One of the major difficulties in doing cost-benefit analysis of a development project is to estimate the total economic value of project benefits, which are usually multi-dimensional and include goods and services that are not traded in the market. Challenges also arise in aggregating the values of different benefits, which may not be mutually exclusive. This paper uses a contingent valuation approach to estimate the economic value of a non-motorized transport project in Pune, India, across beneficiaries. The heads of households which are potentially affected by the project are presented with a detailed description of the project, and then are asked to vote on whether such a project should be undertaken given different specifications of costs to the households. The total value of the project is then derived from the survey answers. Econometric analysis indicates that the survey responses provide generally reasonable valuation estimates. 2012-03-19T18:41:55Z 2012-03-19T18:41:55Z 2010-09-01 http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100916112820 http://hdl.handle.net/10986/3906 English Policy Research working paper ; no. WPS 5422 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Publications & Research :: Policy Research Working Paper South Asia South Asia South Asia Asia India |
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Digital Repository |
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Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
ACCIDENT RISKS ACCIDENTS AIR AIR POLLUTION AIR QUALITY AIR QUALITY IMPROVEMENTS AIRCRAFT AIRCRAFT NOISE AIRPORT AIRPORT EXPANSION AUTO INDUSTRY BENCHMARK BICYCLES BUS BUSES CAPACITY BUILDING CARS CONDITIONS FOR PEDESTRIANS CONGESTION CONSTRUCTION CONTINGENT VALUATION COST-BENEFIT ANALYSES COST-BENEFIT ANALYSIS CROSSWALK CYCLE TRACKS CYCLING CYCLISTS DESCRIPTION DEVELOPMENT PROJECTS DICHOTOMOUS CHOICE DRIVING DRIVING COSTS ECOLOGICAL ECONOMICS ECONOMETRIC ANALYSES ECONOMETRIC ANALYSIS ECONOMIC CONDITIONS ECONOMIC STATISTICS ECONOMIC THEORIES ECONOMIC VALUE ELASTICITIES ENVIRONMENTAL ENVIRONMENTAL ECONOMICS ENVIRONMENTAL PROTECTION ENVIRONMENTAL PROTECTION AGENCY ENVIRONMENTAL QUALITY ENVIRONMENTAL SCIENCES EQUALITY EQUATIONS EXPENDITURES FEEDER ROADS FEMALE FOOTPATHS FRAMEWORK FUEL FUEL EFFICIENCY GENDER HIGHWAY HOUSEHOLDS ILLEGAL PARKING INCENTIVE EFFECTS INCOME INCOME EFFECT INCOME LEVELS LABOR FORCE LAND ECONOMICS LANES MARKET PRICES MAXIMUM LIKELIHOOD ESTIMATION MOTOR VEHICLE MOTOR VEHICLE USERS MOTORISTS NMT NONMOTORIZED TRANSPORT NORMAL GOOD PAVEMENT PAVEMENTS PAVING PEAK HOURS PEDESTRIAN POLLUTION POPULATION DENSITY PUBLIC TRANSIT PUBLIC TRANSPORT PUBLIC TRANSPORT SYSTEM PUBLIC TRANSPORTATION RAPID TRANSIT RIGHT OF WAY ROAD ROAD CONDITIONS ROAD CONGESTION ROAD CONSTRUCTION ROAD MARKINGS ROAD NETWORK ROAD PRICING ROAD SPACE ROAD SURFACE ROADS ROADWAY ROADWAYS RURAL TRANSIT SAFETY SHARING SIGNAGE SIGNS SLUM STOPPING DISTANCE STREETS STRICTER ENFORCEMENT TECHNICAL ASSISTANCE TOTAL ECONOMIC VALUE TRAFFIC TRAFFIC ACCIDENT TRAFFIC CONGESTION TRAFFIC CONTROL TRAFFIC SIGNALS TRAFFIC SITUATION TRANSPORT TRANSPORT ECONOMICS TRANSPORT ECONOMISTS TRANSPORT INFRASTRUCTURE TRANSPORT MODES TRANSPORT PROJECTS TRANSPORT SECTOR TRANSPORT SERVICE TRANSPORT SYSTEM TRANSPORTATION TRANSPORTATION COST TRANSPORTATION IMPROVEMENT TRANSPORTATION INFRASTRUCTURE TRANSPORTATION PROBLEMS TRANSPORTATION RESEARCH TRANSPORTATION SYSTEM TRIPS TRUE UNDERPASSES URBAN DEVELOPMENT URBAN SPRAWL URBAN TRANSPORT VEHICLE VEHICLE EMISSION VEHICLE NOISE VEHICLES WALKING WALKING DISTANCE WILLINGNESS TO PAY WTP |
| spellingShingle |
ACCIDENT RISKS ACCIDENTS AIR AIR POLLUTION AIR QUALITY AIR QUALITY IMPROVEMENTS AIRCRAFT AIRCRAFT NOISE AIRPORT AIRPORT EXPANSION AUTO INDUSTRY BENCHMARK BICYCLES BUS BUSES CAPACITY BUILDING CARS CONDITIONS FOR PEDESTRIANS CONGESTION CONSTRUCTION CONTINGENT VALUATION COST-BENEFIT ANALYSES COST-BENEFIT ANALYSIS CROSSWALK CYCLE TRACKS CYCLING CYCLISTS DESCRIPTION DEVELOPMENT PROJECTS DICHOTOMOUS CHOICE DRIVING DRIVING COSTS ECOLOGICAL ECONOMICS ECONOMETRIC ANALYSES ECONOMETRIC ANALYSIS ECONOMIC CONDITIONS ECONOMIC STATISTICS ECONOMIC THEORIES ECONOMIC VALUE ELASTICITIES ENVIRONMENTAL ENVIRONMENTAL ECONOMICS ENVIRONMENTAL PROTECTION ENVIRONMENTAL PROTECTION AGENCY ENVIRONMENTAL QUALITY ENVIRONMENTAL SCIENCES EQUALITY EQUATIONS EXPENDITURES FEEDER ROADS FEMALE FOOTPATHS FRAMEWORK FUEL FUEL EFFICIENCY GENDER HIGHWAY HOUSEHOLDS ILLEGAL PARKING INCENTIVE EFFECTS INCOME INCOME EFFECT INCOME LEVELS LABOR FORCE LAND ECONOMICS LANES MARKET PRICES MAXIMUM LIKELIHOOD ESTIMATION MOTOR VEHICLE MOTOR VEHICLE USERS MOTORISTS NMT NONMOTORIZED TRANSPORT NORMAL GOOD PAVEMENT PAVEMENTS PAVING PEAK HOURS PEDESTRIAN POLLUTION POPULATION DENSITY PUBLIC TRANSIT PUBLIC TRANSPORT PUBLIC TRANSPORT SYSTEM PUBLIC TRANSPORTATION RAPID TRANSIT RIGHT OF WAY ROAD ROAD CONDITIONS ROAD CONGESTION ROAD CONSTRUCTION ROAD MARKINGS ROAD NETWORK ROAD PRICING ROAD SPACE ROAD SURFACE ROADS ROADWAY ROADWAYS RURAL TRANSIT SAFETY SHARING SIGNAGE SIGNS SLUM STOPPING DISTANCE STREETS STRICTER ENFORCEMENT TECHNICAL ASSISTANCE TOTAL ECONOMIC VALUE TRAFFIC TRAFFIC ACCIDENT TRAFFIC CONGESTION TRAFFIC CONTROL TRAFFIC SIGNALS TRAFFIC SITUATION TRANSPORT TRANSPORT ECONOMICS TRANSPORT ECONOMISTS TRANSPORT INFRASTRUCTURE TRANSPORT MODES TRANSPORT PROJECTS TRANSPORT SECTOR TRANSPORT SERVICE TRANSPORT SYSTEM TRANSPORTATION TRANSPORTATION COST TRANSPORTATION IMPROVEMENT TRANSPORTATION INFRASTRUCTURE TRANSPORTATION PROBLEMS TRANSPORTATION RESEARCH TRANSPORTATION SYSTEM TRIPS TRUE UNDERPASSES URBAN DEVELOPMENT URBAN SPRAWL URBAN TRANSPORT VEHICLE VEHICLE EMISSION VEHICLE NOISE VEHICLES WALKING WALKING DISTANCE WILLINGNESS TO PAY WTP Wang, Hua Fang, Ke Shi, Yuyan Economic Valuation of Development Projects : A Case Study of a Non-Motorized Transport Project in India |
| geographic_facet |
South Asia South Asia South Asia Asia India |
| relation |
Policy Research working paper ; no. WPS 5422 |
| description |
One of the major difficulties in doing
cost-benefit analysis of a development project is to
estimate the total economic value of project benefits, which
are usually multi-dimensional and include goods and services
that are not traded in the market. Challenges also arise in
aggregating the values of different benefits, which may not
be mutually exclusive. This paper uses a contingent
valuation approach to estimate the economic value of a
non-motorized transport project in Pune, India, across
beneficiaries. The heads of households which are potentially
affected by the project are presented with a detailed
description of the project, and then are asked to vote on
whether such a project should be undertaken given different
specifications of costs to the households. The total value
of the project is then derived from the survey answers.
Econometric analysis indicates that the survey responses
provide generally reasonable valuation estimates. |
| format |
Publications & Research :: Policy Research Working Paper |
| author |
Wang, Hua Fang, Ke Shi, Yuyan |
| author_facet |
Wang, Hua Fang, Ke Shi, Yuyan |
| author_sort |
Wang, Hua |
| title |
Economic Valuation of Development Projects : A Case Study of a Non-Motorized Transport Project in India |
| title_short |
Economic Valuation of Development Projects : A Case Study of a Non-Motorized Transport Project in India |
| title_full |
Economic Valuation of Development Projects : A Case Study of a Non-Motorized Transport Project in India |
| title_fullStr |
Economic Valuation of Development Projects : A Case Study of a Non-Motorized Transport Project in India |
| title_full_unstemmed |
Economic Valuation of Development Projects : A Case Study of a Non-Motorized Transport Project in India |
| title_sort |
economic valuation of development projects : a case study of a non-motorized transport project in india |
| publishDate |
2012 |
| url |
http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20100916112820 http://hdl.handle.net/10986/3906 |
| _version_ |
1764388952985305088 |