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Cost Benefit Analysis - Tool For Allocation of Financial Resources For Major Projects

Author

Listed:
  • CLIPICI Emilia

    (University of Pitesti)

  • FRANT Florin

    (Eftimie Murgu University of Resita)

Abstract

The judicious selection of investment projects, at the micro and macro level, with recognition of resource constraints and complementary involvement of the private sector, will lead to sustained economic growth, equitable development, poverty reduction and private sector growth. Cost-Benefit Analysis (CBA) estimates and totals up the equivalent money value of the benefits and costs to the community of projects to establish whether they are worthwhile. This research enterprise proposes the study of the advantages of cost-benefit analysis and identify the several major principles that collectively describe the assumption base, objectives, analytical tasks, and merits of this important project assessment methodology.

Suggested Citation

  • CLIPICI Emilia & FRANT Florin, 2013. "Cost Benefit Analysis - Tool For Allocation of Financial Resources For Major Projects," Anale. Seria Stiinte Economice. Timisoara, Faculty of Economics, Tibiscus University in Timisoara, vol. 0, pages 142-146, May.
    • Handle: RePEc:tdt:annals:v:xix:y:2013:p:142-146
    as

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    File URL: http://fse.tibiscus.ro/anale/Lucrari2013/Lucrari_vol_XIX_2013_022.pdf
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    References listed on IDEAS

    as
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    3. Christian Broda & David W. Weinstein, 2004. "Variety Growth and World Welfare," American Economic Review, American Economic Association, vol. 94(2), pages 139-144, May.
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    More about this item

    Keywords

    Cost Benefit Analysis; projects; financial resources;
    All these keywords.

    JEL classification:

    • D61 - Microeconomics - - Welfare Economics - - - Allocative Efficiency; Cost-Benefit Analysis
    • H43 - Public Economics - - Publicly Provided Goods - - - Project Evaluation; Social Discount Rate
    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions

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