Transport Investment Appraisal and the Environment

Tinbergen Institute Working Paper No. 2002-104/3

22 Pages Posted: 4 Mar 2003

See all articles by Peter Nijkamp

Peter Nijkamp

VU University of Amsterdam - Department of Spatial Economics; Tinbergen Institute

Barry Ubbels

VU University Amsterdam - Department of Spatial Economics

Erik T. Verhoef

VU University Amsterdam - Department of Spatial Economics; Vrije Universiteit Amsterdam, School of Business and Economics; Tinbergen Institute

Date Written: October 2002

Abstract

This review considers the role of environmental effects in transport investment appraisal, mainly from the perspective of cost-benefit analysis, the most widely adopted appraisal technique. Although the basic principles of CBA are straightforward, several complications are identified that may play an important role in practical CBA's. These include second-best aspects, difficulties with discounting and with the spatial scope of CBA's, and the relation between CBA and the popular but multi-faceted and often ill-defined policy concept of sustainable development.

Keywords: transport, cost-benefit analysis, environment

JEL Classification: R42, D61, Q20

Suggested Citation

Nijkamp, Peter and Ubbels, Barry and Verhoef, Erik T., Transport Investment Appraisal and the Environment (October 2002). Tinbergen Institute Working Paper No. 2002-104/3, Available at SSRN: https://ssrn.com/abstract=339080 or http://dx.doi.org/10.2139/ssrn.339080

Peter Nijkamp (Contact Author)

VU University of Amsterdam - Department of Spatial Economics ( email )

De Boelelaan 1105
1081HV Amsterdam
Netherlands
+31 20 4446091 (Phone)
+31 20 4445611 (Fax)

Tinbergen Institute

Gustav Mahlerplein 117
Amsterdam, 1082 MS
Netherlands

Barry Ubbels

VU University Amsterdam - Department of Spatial Economics ( email )

De Boelelaan 1105
1081HV Amsterdam
Netherlands
+31 20 4446088 (Phone)
+31 20 4446004 (Fax)

HOME PAGE: http://www.feweb.vu.nl/re/re/profiles/profile.asp?Nick=bubbels

Erik T. Verhoef

VU University Amsterdam - Department of Spatial Economics ( email )

De Boelelaan 1105
1081HV Amsterdam
Netherlands
+31 020 4446094 (Phone)
+31 020 4446004 (Fax)

Vrije Universiteit Amsterdam, School of Business and Economics ( email )

De Boelelaan 1105
Amsterdam, 1081HV
Netherlands

Tinbergen Institute ( email )

Gustav Mahlerplein 117
Amsterdam, 1082 MS
Netherlands

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