Social Cost-Benefit Analysis in Australia and New Zealand
The State of Current Practice and What Needs to be Done
- 246 pages
- English
- PDF
- Available on iOS & Android
Social Cost-Benefit Analysis in Australia and New Zealand
The State of Current Practice and What Needs to be Done
About This Book
All is not well with the evaluation of government programs and projects. Resources available to any society are limited. If governments are to increase the well-being of their citizens, they must be able to select and implement the socially most beneficial projects and policies. But many government agencies lack the expertise to carry out a cost-benefit analysis, or even to commission one. Commercial consultants, on the other hand, often have some analytical expertise, but are not immune from adopting approaches that accommodate the proclivities of their client agencies. In order to increase analytical rigour and methodological consistency, this publication urges the adoption of a 'belts and braces' set of protocols for use in project evaluation.
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Table of contents
- Foreword
- Acknowledgements
- Acronyms and Abbreviations
- Tables and figures
- Introduction
- Professional perspectives on harmonisation and costâbenefit analysis in Australia and New Zealand
- Potential approaches to harmonisation
- A framework approach to harmonisation
- What not to do: a âbelts and bracesâ enhancement of harmonisation
- Conclusions and recommendations
- Appendices
- Appendix 1: Sources of information
- Appendix 2: Multiâcriteria analysis
- Appendix 3: Wider economic impacts in the transport sector
- Appendix 4: Social discount rates
- Appendix 5: Greenhouse gas emissions
- Appendix 6: Uncertainty, risk and sensitivity
- Appendix 7: Deadweight economic loss caused by raising revenue for projects and programs
- References