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Evaluation of Stakeholder Impacts in Cost-Benefit Analysis

Author

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  • Glenn Jenkins

    (Queen's University, Kingston, On, Canada)

Abstract

The scope of the analyses of public and private investment projects is expanded beyond the traditional criteria of financial and economic net present value. If the economic and financial analyses are carried out using a common numeraire, they can include issues of stakeholder impacts, poverty impact, and an assessment of the long-term sustainability of the project. We can assess the income impacts on different interest groups. This forces the analyst to do reconciliation between the economic performance, the financial performance and the distributional impacts of project. Three examples are given of projects in Cyprus, Bangladesh and the Philippines: traditional economic and financial analyses would not have identified many of the most important aspects of the process that determined whether or not the projects would be implemented and sustainable.

Suggested Citation

  • Glenn Jenkins, 1999. "Evaluation of Stakeholder Impacts in Cost-Benefit Analysis," Development Discussion Papers 1999-10, JDI Executive Programs.
    • Handle: RePEc:qed:dpaper:160
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    Cited by:

    1. Savvakis C. Savvides, 2024. "The Integrated Financial Model and the use of Growth Patterns in Monte Carlo simulation Risk Analysis," Development Discussion Papers 2024-03, JDI Executive Programs.
    2. Glenn P. Jenkins & Mikhail Miklyaev & Owotomiwa Christiana Olubamiro & Siamand Hesami, 2021. "Cost-Benefit Analysis of Tax Administration Reforms in Finland," Development Discussion Papers 2021-11, JDI Executive Programs.
    3. Kinell, Gerda & Söderqvist, Tore & Elmgren, Ragnar & Walve, Jacob & Franzén, Frida, 2012. "Cost-Benefit Analysis in a Framework of Stakeholder Involvement and Integrated Coastal Zone Modeling," CERE Working Papers 2012:1, CERE - the Center for Environmental and Resource Economics.
    4. Pejman Bahramian & Glenn Jenkins & Frank Milne, 2020. "A stakeholder analysis of investments for wind power electricity generation in Ontario," Working Paper 1442, Economics Department, Queen's University.
    5. Foroogh Nazari Chamaki & Glenn P. Jenkins & Majid Hashemipour, 2023. "Financial, Economic, and Environmental Analyses of Upgrading Reverse Osmosis Plant Fed with Treated Wastewater," Energies, MDPI, vol. 16(7), pages 1-23, April.
    6. Migara S. Jayawardena & Glenn Jenkins & Mario Marchesini, "undated". "Fourth Fisheries Project In Bangladesh an Integrated Project Analysis," Development Discussion Papers 1998-08, JDI Executive Programs.
    7. Salci, Sener, 2017. "An Integrated Appraisal of the Péligre Electricity Transmission Line Rehabilitation Investment," MPRA Paper 78929, University Library of Munich, Germany.
    8. John B. Loomis, 2013. "Incorporating distributional issues into benefit–cost analysis: why, how, and two empirical examples using non-market valuation," Chapters, in: Scott O. Farrow & Richard Zerbe, Jr. (ed.), Principles and Standards for Benefit–Cost Analysis, chapter 9, pages 294-316, Edward Elgar Publishing.
    9. MIGARA JAYAWARDENA & Glenn Jenkins & GANGADHAR SHUKLA, 1999. "Control Of Water And Coastal Pollution An Appraisal For Espirito,Brazil," Development Discussion Papers 1999-04, JDI Executive Programs.
    10. Salci, Sener & Jenkins, Glenn P., 2018. "An economic analysis for the design of ipp contracts for grid-connected renewable energy projects," Renewable and Sustainable Energy Reviews, Elsevier, vol. 81(P2), pages 2410-2420.
    11. Bahramian, Pejman & Jenkins, Glenn P. & Milne, Frank, 2021. "A stakeholder analysis of investments in wind power electricity generation in Ontario," Energy Economics, Elsevier, vol. 103(C).
    12. Krutilla Kerry & Alexeev Alexander, 2012. "The Normative Implications of Political Decision-Making for Benefit-Cost Analysis," Journal of Benefit-Cost Analysis, De Gruyter, vol. 3(2), pages 1-36, May.
    13. Bicak, Hasan Ali & Jenkins, Glenn P. & Ozdemirag, Ali, 2002. "Water flow risks and stakeholder impacts on the choice of a dam site," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 46(2), pages 1-21.
    14. Leslie G. Manison & Savvakis C. Savvides, 2016. "Towards Sustainable Growth: Rebuilding the Foundations of the Cyprus Economy," Development Discussion Papers 2016-07, JDI Executive Programs.
    15. Helen Kavvadia & Savvakis C. Savvides, 2019. "Funding Economic Development and the Role of National Development Banks-The Case of Cyprus," Development Discussion Papers 2019-09, JDI Executive Programs.
    16. Hatice Jenkins & Glenn P. Jenkins, 2021. "Social Capital and the Social Evaluation of Investments," Development Discussion Papers 2002-14, JDI Executive Programs.
    17. te Boveldt, Geert & Keseru, Imre & Macharis, Cathy, 2022. "When monetarisation and ranking are not appropriate. A novel stakeholder-based appraisal method," Transportation Research Part A: Policy and Practice, Elsevier, vol. 156(C), pages 192-205.
    18. Savvakis C. Savvides, 2016. "Overcoming Private Debt: Unblocking and rebuilding the loan burdened real economy in Cyprus," Development Discussion Papers 2016-08, JDI Executive Programs.
    19. Francesca Pagliara, 2021. "Consumer’s Surplus: An Equity Measure of High Speed Rail Investments," Sustainability, MDPI, vol. 13(8), pages 1-8, April.
    20. Glenn Jenkins & Chun-Yan Kuo & Arnold C. Harberger, 2011. "Cost-Benefit Analysis for Investment Decisions: Chapter 13 (Evaluation of Stakeholder Impacts)," Development Discussion Papers 2011-13, JDI Executive Programs.
    21. Glenn Jenkins & Chun-Yan Kuo & Arnold C. Harberger, 2011. "Cost-Benefit Analysis for Investment Decisions: Chapter 7 (Principles Underlying The Economic Analysis of Projects)," Development Discussion Papers 2011-07, JDI Executive Programs.
    22. Salci, Sener & Jenkins, Glenn, 2016. "An Economic and Stakeholder Analysis for the Design of IPP Contracts for Wind Farms," MPRA Paper 70578, University Library of Munich, Germany.

    More about this item

    Keywords

    stakeholder impact; cost-benefit analysis; investment appraisal;
    All these keywords.

    JEL classification:

    • H43 - Public Economics - - Publicly Provided Goods - - - Project Evaluation; Social Discount Rate

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