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Economic valuation of development projects : [electronic resource] a case study of a non-motorized transport project in India Wang, Hua

Author/Creator:
Wang, Hua
Other Title:
World Bank working papers.
Publication:
Washington, D.C., The World Bank, 2010
Series:
Policy research working papers.
World Bank e-Library.
Format/Description:
Government document
Book
1 online resource
System Details:
Mode of access: World Wide Web.
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.
Notes:
Description based on print version record.
Contributor:
Fang, Ke
Shi, Yuyan
Wang, Hua
World Bank.
Other format:
Print version: Wang, Hua. Economic valuation of development projects.
Publisher Number:
10.1596/1813-9450-5422
Access Restriction:
Restricted for use by site license.
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