Reconciliation once and for all: Economic impact evaluation and social cost benefit analysis

Arbeitspapier

This paper makes two contributions to the debate on the compatibility of social cost benefit analysis and economic impact analysis. First we argue that benefits estimated through economic impact analysis are amenable to subsequent analysis in a social cost benefit framework when household utility is used as the measure of welfare. Second, economic impact analysis and social cost benefit analysis of investment loans may be evaluated from the perspective of the multilateral lender and from that of the beneficiary government. While the first is straightforward to implement, this paper develops an approach to evaluating the investment from the perspective of the beneficiary government which internalizes the repayment of the loan within the economic impact model itself. We compare these two perspectives by undertaking an economic impact and social cost benefit analysis of a US$6.25 million tourism investment in Uruguay.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: Documento de Trabajo ; No. 207

Classification and Topics

• Classification: Wirtschaft
• Subject: ex-ante economic impact analysis ; social cost benefit analysis ; dynamic computable general equilibrium model ; tourism investment analysis ; tourism development ; Uruguay

Contributors, Location and Time

• Event: Geistige Schöpfung
• (who): Banerjee, Onil ; Cicowiez, Martin ; Moreda, Adela
• Event: Veröffentlichung
• (who): Universidad Nacional de La Plata, Centro de Estudios Distributivos, Laborales y Sociales (CEDLAS)
• (where): La Plata
• (when): 2017

Further information

• Handle: http://hdl.handle.net/10419/177432
• Last update: 12.07.2024, 1:22 PM CEST