Hostname: page-component-cd9895bd7-gxg78 Total loading time: 0 Render date: 2024-12-22T20:56:23.337Z Has data issue: false hasContentIssue false
  • English
  • Français

Cost–Benefit Assessment of Public Investments in France: The Use of Counter-Experts

Published online by Cambridge University Press:  05 February 2021

Luc Baumstark Open the ORCID record for Luc Baumstark [Opens in a new window] ,
Roger Guesnerie Open the ORCID record for Roger Guesnerie [Opens in a new window] ,
Jincheng Ni  and
Jean-Paul Ourliac Open the ORCID record for Jean-Paul Ourliac [Opens in a new window]
Luc Baumstark
Affiliation:
Department of Evaluation, French General Secretariat for Investment (Secrétariat général pour l’investissement), Paris, France
Roger Guesnerie
Affiliation:
Collège de France, Paris, France and Committee of Experts on Methods for Socioeconomic Evaluation of Public Investment, Paris, France
Jincheng Ni
Affiliation:
Policy Planning Commission (France Stratégie), Paris, France
Jean-Paul Ourliac*
Affiliation:
Committee of Experts on Methods for Socioeconomic Evaluation of Public Investment
*
*e-mail: jpo75015@gmail.com
Get access Rights & Permissions [Opens in a new window]

Abstract

Socioeconomic evaluation of a public investment helps to understand its value for the community, and it also improves an investment by analyzing its different components, and the risks inherent in its completion. The Act of 31 December 2012 about Public Finance Planning makes it mandatory in France for project sponsors to conduct an ex-ante socioeconomic evaluation of all public civil investments made by the State and its public institutions. An independent counter-expert assessment of the ex-ante socioeconomic evaluation is conducted for the largest projects. A permanent committee of experts has been established to specify the methodological rules for socioeconomic evaluation and define the studies and research necessary.

Keywords

cost benefit analysispublic investmentcounter assessmentLaw and regulationStateregionallocalTheory
Type
Symposium: Papers from the 2019 European Meeting of the Society for Benefit-Cost Analysis
Information
Journal of Benefit-Cost Analysis , Volume 12 , Issue 1 , Spring 2021 , pp. 152 - 169
Copyright
© The Author(s), 2021. Published by Cambridge University Press on behalf of the Society for Benefit-Cost Analysis

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Boiteux, Marcel. 1994. Transports: pour un meilleur choix des investissements. Paris: Documentation française (La).Google Scholar
Boiteux, Marcel. 2001. Choix des investissements et coût des nuisances, Paris: Documentation française (La).Google Scholar
Cheron, A. et Courtioux, P. 2018. Les bénéfices socioéconomiques des diplômes du supérieur. Paris EDHEC Position Paper.Google Scholar
Chevassus-au-Louis, Bernard. 2009. Approche économique de la biodiversité et des services liés aux écosystèmes. Paris: Documentation française (La).Google Scholar
Dupuit, Jules. 1844. “De la mesure de l’utilité des travaux publics.” Annales des Ponts et Chaussées, 8: 1844.Google Scholar
Gollier, Christian. 2010. Le Calcul du risque dans les investissements publics. Paris: Documentation française (La).Google Scholar
Guesnerie, Roger. 2004. “Dupuit hier et aujourd’hui.” DELTA Working Papers, 2004-22, DELTA (Ecole normale supérieure).Google Scholar
Lebègue, Daniel. 2005. Le prix du temps et la décision publique : révision du taux d'actualisation public. Paris: Documentation française (La).Google Scholar
Massé, Pierre. 1968. Le choix des investissements. Dunod Paris.Google Scholar
Quinet, Alain. 2008. La valeur tutélaire du carbone. Paris: Documentation française (La).Google Scholar
Quinet, Emile. 2013. L'évaluation socioéconomique des investissements publics. Paris: Documentation française (La).Google Scholar
Tirole, Jean. 2017. Economics for the Common Good. Princeton: Princeton University Press.CrossRefGoogle Scholar
European Union. 2014. Guide to cost-benefit analysis of investment projects. Available at http://ec.europa.eu/regional_policy/sources/docgener/studies/pdf/cba_guide.pdf.Google Scholar
UK Govt. Last update 2019. The green book: appraisal and evaluation in central government. Available at https://www.gov.uk/government/publications/the-green-book-appraisal-and-evaluation-in-central-governent.Google Scholar
World Bank. 2010. Cost-benefit analysis in world bank projects. Available at https://openknowledge.worldbank.org/bitstream/handle/10986/2561/624700PUB0Cost00Box0361484B0PUBLIC0.pdf?sequence=1.pdf.Google Scholar