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Methods of projects’ performance estimation in the public sector of economics

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  • Mariya Sheluntsova

    (National Research University Higher School of Economics (HSE))

Abstract

The solution of socially important problems by providing budget investments is a prerequisite for the successful development of a country as a whole as well as of a particular region. In terms of a limited budget there is a problem of projects selection. In the paper basic methods of public sector projects performance estimation (cost — benefit, cost — effectiveness, cost — utility) are compared. It is determined that these methods can help to increase the efficiency of scarce budgetary resources usage. However they cannot be applied in Russia without necessary adjustments since there are market imperfections, high costs of collecting necessary information, and other factors. Thus further development of performance estimation methods in the public sector of economics is needed.

Suggested Citation

  • Mariya Sheluntsova, 2012. "Methods of projects’ performance estimation in the public sector of economics," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(1), pages 247-253.
    • Handle: RePEc:ura:ecregj:v:1:y:2012:i:1:p:247-253
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    References listed on IDEAS

    as
    1. John A. Nyman, 2011. "Measurement of QALYS and the welfare implications of survivor consumption and leisure forgone," Health Economics, John Wiley & Sons, Ltd., vol. 20(1), pages 56-67, January.
    2. Ross, John A., 2008. "Cost-utility analysis in educational needs assessment," Evaluation and Program Planning, Elsevier, vol. 31(4), pages 356-367, November.
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