Price Effects in the Evaluation of Investment Projects

In the context of globalisation, there is a need to assess difference between domestic and world price effects as an im- portant component economic analysis investment projects. We developed integrated approach measuring differences commercial public efficien cy (indicati ng pri ce effec ts) substantiat ing applicat ion specific mechanisms for implementing relevant projects based on principles public-private partnership. propose estimate using three interrelated models: financial model, input-output multi-regional econometric model. The combination these models allows analysing large considering their influence develop- ment trends global, national regional economy. This methodology was tested example real project construction Eastern Siberia — Pacific Ocean (ESPO-2) oil pipeline. results show that share amounted more than 35 % net present value within framework efficiency, confirming high significance. Tax have largest in structure effects. Indirect considered are less significant. research confirmed identification indicators efficiency in-depth increase validity assessment infrastructure future, we plan use proposed methods integral part comprehensive large-scale production, transport