Wang, Hua
Economic valuation of development projects a case study of a non-motorized transport project in India / Wang, Hua [electronic resource] : Wang, Hua - Washington, D.C., The World Bank, 2010 - 1 online resource (45 p.) - Policy research working papers. World Bank e-Library. .
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.
10.1596/1813-9450-5422
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
Economic valuation of development projects a case study of a non-motorized transport project in India / Wang, Hua [electronic resource] : Wang, Hua - Washington, D.C., The World Bank, 2010 - 1 online resource (45 p.) - Policy research working papers. World Bank e-Library. .
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.
10.1596/1813-9450-5422
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