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Mega-projects and Regional Development in the Italian Experience

Author

Listed:
  • Marco Percoco
  • Lanfranco Senn

Abstract

The aim of this note is to introduce the special issue on "Mega-projects and regional development in the Italian experience" and to review some of the critical issues associated with the evaluation of mega-projects. In particular, we focus on the shortcomings of Cost-Benefit Analysis when the project is large and when network effects are not negligible, and we propose further research on risk assessment and time discounting for long term and risky investments.

Suggested Citation

  • Marco Percoco & Lanfranco Senn, 2010. "Mega-projects and Regional Development in the Italian Experience," SCIENZE REGIONALI, FrancoAngeli Editore, vol. 2010(3 Supp), pages 5-14.
    • Handle: RePEc:fan:scresc:v:html10.3280/scre2010su3001
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    1. repec:mul:je8794:doi:10.1429/34355:y:2011:i:1:p:125 is not listed on IDEAS

    More about this item

    Keywords

    Analisi dei progetti di investimento; infrastrutture di trasporto; sviluppo regionale;
    All these keywords.

    JEL classification:

    • H43 - Public Economics - - Publicly Provided Goods - - - Project Evaluation; Social Discount Rate
    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • R42 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Government and Private Investment Analysis; Road Maintenance; Transportation Planning

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