Shaping successful mega-project investments

نویسندگان

چکیده

Abstract Many countries are proposing major public infrastructure investment, addressing the net zero imperative and need to recover from pandemic. Yet investments will deliver on these policy goals only if appraisals take account of strategic complementarities in determining future path economy, including technological choices. Cost–benefit analysis as currently applied is unable do this, even when incorporating wider economic benefits. Furthermore, purporting be a technical tool, it fails acknowledge inevitable political judgements distributional consequences involved selecting projects. There for an approach appraisal that identifies projects have transformational potential, ensures complementary occur, by tackling coordination failures either among different actors or between private- public-sector activities.

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ژورنال

عنوان ژورنال: Oxford Review of Economic Policy

سال: 2022

ISSN: ['0266-903X', '1460-2121']

DOI: https://doi.org/10.1093/oxrep/grac003