1 option
Economic valuation of development projects : a case study of a non-motorized transport project in India / Wang, Hua
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Wang, Hua
- Series:
- Policy research working papers.
- World Bank e-Library.
- Language:
- English
- Subjects (All):
- Aircraft.
- Aircraft noise.
- Airport.
- Airport expansion.
- Communities and Human Settlements.
- Conditions for pedestrians.
- Congestion.
- Cost-benefit analysis.
- Cyclists.
- Driving.
- Driving costs.
- Economic Theory & Research.
- Environment.
- Environmental Economics & Policies.
- Housing & Human Habitats.
- Macroeconomics and Economic Growth.
- Road.
- Road conditions.
- Roads & Highways.
- Rural transit.
- Safety.
- Transport.
- Transport Economics Policy & Planning.
- Transport economists.
- Transport projects.
- Transport sector.
- Transportation.
- Urban transport.
- Local Subjects:
- Aircraft.
- Aircraft noise.
- Airport.
- Airport expansion.
- Communities and Human Settlements.
- Conditions for pedestrians.
- Congestion.
- Cost-benefit analysis.
- Cyclists.
- Driving.
- Driving costs.
- Economic Theory & Research.
- Environment.
- Environmental Economics & Policies.
- Housing & Human Habitats.
- Macroeconomics and Economic Growth.
- Road.
- Road conditions.
- Roads & Highways.
- Rural transit.
- Safety.
- Transport.
- Transport Economics Policy & Planning.
- Transport economists.
- Transport projects.
- Transport sector.
- Transportation.
- Urban transport.
- Physical Description:
- 1 online resource (45 pages)
- Other Title:
- Economic valuation of development projects
- Place of Publication:
- Washington, D.C., The World Bank, 2010
- System Details:
- data file
- Summary:
- 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.
The Penn Libraries is committed to describing library materials using current, accurate, and responsible language. If you discover outdated or inaccurate language, please fill out this feedback form to report it and suggest alternative language.