Mega-projects and Regional Development in the Italian Experience
Journal title SCIENZE REGIONALI
Author/s Marco Percoco, Lanfranco Senn
Publishing Year 2010 Issue 2010/3 Supp Language English
Pages 10 P. 5-14 File size 340 KB
DOI 10.3280/SCRE2010SU3001
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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.
Keywords: Project appraisal, transport megaprojects, regional development
Jel codes: H43, H54, R42
Marco Percoco, Lanfranco Senn, Mega-projects and Regional Development in the Italian Experience in "SCIENZE REGIONALI " 3 Supp/2010, pp 5-14, DOI: 10.3280/SCRE2010SU3001