Template-Type: ReDIF-Paper 1.0
Series: Tinbergen Institute Discussion Papers
Creation-Date: 2002-10-21
Number: 02-104/3
Author-Name: Peter Nijkamp
Author-Email: pnijkamp@feweb.vu.nl
Author-Workplace-Name: FEWEB, Vrije Universiteit Amsterdam
Author-Name: Barry Ubbels
Author-Workplace-Name: FEWEB, Vrije Universiteit Amsterdam
Author-Name: Erik Verhoef
Author-Email: everhoef@feweb.vu.nl
Author-Workplace-Name: FEWEB, Vrije Universiteit Amsterdam
Title: Transport Investment Appraisal and the Environment
Abstract: This review considers the role of environmental effects in transport investment appraisal, mainly from the perspective of cost-benefit analysis, the most widely adopted appraisal technique. Although the basic principles of CBA are straightforward, several complications are identified that may play an important role in practical CBA's. These include second-best aspects, difficulties with discounting and with the spatial scope of CBA's, and the relation between CBA and the popular but multi-faceted and often ill-defined policy concept of sustainable development.
Classification-JEL: R42; D61; Q20.
Keywords: Transport; cost-benefit analysis; environment.
File-Url: https://papers.tinbergen.nl/02104.pdf
File-Format: application/pdf
File-Size: 166298 bytes
Handle: RePEc:tin:wpaper:20020104