IDEAS home Printed from https://ideas.repec.org/p/mib/wpaper/470.html
   My bibliography  Save this paper

An inconsistency in the European Union Guidelines for Cost-Benefit Analysis of investment projects

Author

Listed:
  • Jerome Massiani

Abstract

European Union Guidelines have been for long the cornerstone of the evaluation of European funding for projects. An important aspect of this method is the general exclusion of taxation from computation. We argue that when applied on projects that shift demand from a highly taxed mode to a slightly less taxed one, the modus operandi described by the guidelines and used by analysts in documented papers, actually violates the principle of net of taxes computation. In most cases this inconsistency will be hardly visible to the analyst. However, when the procedure deals with projects where mode shift is important, in absolute or relative terms, the inconsistency will create important distortions in the results.

Suggested Citation

  • Jerome Massiani, 2021. "An inconsistency in the European Union Guidelines for Cost-Benefit Analysis of investment projects," Working Papers 470, University of Milano-Bicocca, Department of Economics.
  • Handle: RePEc:mib:wpaper:470
    as

    Download full text from publisher

    File URL: http://repec.dems.unimib.it/repec/pdf/mibwpaper470.pdf
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Massiani, Jérôme & Maltese, Ila, 2022. "Thirty years of socio-economic evaluation of the Lyon–Turin High–Speed rail project," Research in Transportation Economics, Elsevier, vol. 94(C).
    2. Jérôme Massiani, 2023. "Economic Expertise and Large Infrastructures Projects: The 2019 Cost Benefit Analysis of the Lyon Turin Project [Expertise économique et grandes infrastructures : l’analyse coûts- avantages du Lyon," Post-Print hal-04159527, HAL.

    More about this item

    Keywords

    Cost-Benefit Analysis; European Union Guidelines; fuel duties; taxation; rail project; multimodal evaluation.;
    All these keywords.

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mib:wpaper:470. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Matteo Pelagatti (email available below). General contact details of provider: https://edirc.repec.org/data/dpmibit.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.