Analiza kosztów i korzyści w ocenie przedsięwzięć inwestycyjnych
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Date
1984
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Wydział Prawa i Administracji UAM
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Cost-benefit analysis in the assessment of investment undertakings
Abstract
Presentation of essentials of the cost-benefit analysis system is the task of
the article als well as indicating at potentials of that system for theoretical
propositions and practical conclusions recently drawn and aimed at means of
functioning of Polish economy. The author characterises sources of the cost-benefit
analysis concept, solutions adopted in that system, assessments of investments
projects, and relations of the CBA with such branches of knowledge as political
economy, econometrics and planning.
The author focuses on problems of shadow prices upon indicating at differences
characterizing the modern social cost-benefit analysis as compared to
traditional financial measures of private payability. To simplify the matter,
calculation of shadow prices is one of the stages in the three stage process of
estimating social payability of investment ventures. The other stages define
a target function to be maximized and formulate a decisional criterion which is
to facilitate inputs of perceived social costs and benefits to a form which enables
comparing the investment project with other alternatives, and in consequence, its
acceptance or rejection.
It is stated by the author that in spite of the last two decades of animated
discussions, of numerous improvements in theoretical formula and practical applications,
there is no entire consent to the CBA procedures which could be named
universal and serve as guidelines in all situations.
It is also painted out that various elements present in the cost-benefit analysis
and referring to theoretical grounds of that system have already been utilized
in practice eg. of the Polish planning or investment effectiveness calculus. That
particular fitness of the cost-benefit analysis for the centrally planned economies
has been often emphasised by authors studying the CBA.
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Digitalizacja i deponowanie archiwalnych zeszytów RPEiS sfinansowane przez MNiSW w ramach realizacji umowy nr 541/P-DUN/2016
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Citation
Ruch Prawniczy, Ekonomiczny i Socjologiczny 46, 1984, z. 3, s. 143-155