Economics and financing

Cover of Guide to Project Evaluation Part 5: Impact on National and Regional Economies
Guide to Project Evaluation Part 5: Impact on National and Regional Economies
  • Publication no: AGPE05-05
  • ISBN: 0 85588 740 0
  • Published: 1 July 2005
  • Edition: 1
  • Superseded

Part 5 provides a guide to the conditions under which the use of macro-economic models in project evaluation is appropriate and how they can be applied. Major transport infrastructure projects often significantly alter the economies of regions in which they are located and, if large enough, the national economy as well. These effects may not be fully captured by standard benefit-cost analysis evaluations. One method of estimating economic impacts of large transport infrastructure projects is the use of economy-wide type models. A class of model known as ? computable general equilibrium? has been used to analyse economy wide impacts.

  • Summary
  • Keywords
  • CONTENTS
  • 1. INTRODUCTION
  • 2. PARTIAL VERSUS GENERAL-EQUILIBRIUM ANALYSIS
  • 3. REASONS TO UNDERTAKE BCA AND MACROECONOMIC
  • 4. COSTS OF UNDERTAKING CGE MODELLING
  • 5. POSITIONING MACROECONOMIC MODELLING IN THE
  • 6. STATE/TERRITORY AND REGIONAL DETAIL OF CGE
  • 7. CGE MODELS USED IN THE TRANSPORT SECTOR
  • 8. RECENT EXAMPLES
  • PART 5 COMMENTARIES
  • COMMENTARY A: WHAT IS GE ANALYSIS MODELLING?
  • COMMENTARY B: REASONS TO UNDERTAKE BCA AND
  • COMMENTARY C: POSITIONING MACROECONOMIC
  • COMMENTARY D: STATE/TERRITORY AND REGIONAL
  • COMMENTARY E: CGE MODELS USED IN THE TRANSPORT
  • COMMENTARY F: RECENT EXAMPLES
  • BIBLIOGRAPHY