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Type of publication: Tezės kituose recenzuojamuose leidiniuose / Theses in other peer-reviewed publications (T1e)
Field of Science: Ekonomika / Economics (S004)
Author(s): Baranauskienė, Jurgita
Title: The advantages and limitations of cost-benefit analysis for public investment project evaluation
Is part of: International conference on economic research [elektroninis išteklius] : proceedings book (full texts-abstracts), 19-20th October 2018, Alanya, Turkey. Alanya: Alanya Alaaddin Keykubat University, 2018
Extent: p. 125
Date: 2018
Keywords: Public investment project;Social benefits;Cost-benefit analysis
ISBN: 9786058105805
Abstract: Public investment projects do not generate sufficient net income to be effective in terms of finance, but provide social benefits to the public. Their goals are oriented to public welfare rather than to a direct financial outcome and are intended to satisfy public needs that are ensured by the State through its institutions, non-profit organizations and associations. The goals of public investment projects are related to the implementation of State's functions, such as health promotion, social security improvement, children and youth education and occupation, unemployment reduction, the internal and external security of the State, environmental protection, the development of national engineering networks, etc. They help reduce social exclusion, encourage regional development and promote economic development. The evaluation of public investment projects is a relevant topic for scientific discussions. Scientists keep discussion about methods for expressing and evaluating financial, economic and social benefits derived from public investment projects. The relevance of the topic is reflected by the importance of public investment project implementation and the need and necessity to evaluate them before making the investment decision. During the evaluation of public investment project the most important thing is to evaluate social benefits the project creates, but this kind of evaluation is very complicated due to uncertainty of social benefits and the method cost-benefit analysis can only allow evaluating social benefits which are measurable in monetary units. A question arises – whether such evaluation of public projects is suitable and whether the decisions made are correct? Object of research – evaluation of public investment projects using the method of cost - benefit analysis
Affiliation(s): Vytauto Didžiojo universitetas
Žemės ūkio akademija
Appears in Collections:Universiteto mokslo publikacijos / University Research Publications

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