The Economic Evaluation of Megaprojects

Research output: Chapter in Book/Report/Conference proceedingChapter

Abstract

Megaprojects play a foremost role not only in developed countries, but also and mainly in developing countries in several respects. As correctly stated by van Wee and Tavasszy (2008), first, they are heavily under debate at the political level because of their economic impacts and important budget implications 1. Sec- ond, there is a lively debate also among scholars and practitioners owing to the huge cost escalation and schedule delay of these projects (Flyvbjerg et al., 2003; Odeck, 2004), but also due to the uncertainty of their wider economic effects (namely due to the externalities connected to them).
Original languageEnglish
Title of host publicationA Multidisciplinary Approach to Embrace Complexity and Sustainability
Pages11-19
Number of pages9
Volume2019
Publication statusPublished - 2019

Keywords

  • CBA
  • Economic evaluation
  • PESTOL

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