We consider results of cost-benefit analysis (CBA) in a large sample of ISPA (Structural Instrument for Pre-Accession countries) projects co-financed by the European Union to support investment in transport and environment. The research focus is on the empirical analysis of the variability of...

The purpose of the paper is to analyse some results of cost-benefit analysis in a sample of ISPA (Structural Instrument for pre-accession countries) projects. The focus is particularly on the variability of financial and economic rates of return and how to integrate this information in the EU...

Discounting enables to express future monetary or socio-economic effects in terms of present values when inter-temporal decisions are to be taken. In the context of the cost-benefit analysis, this allows for directly comparing net benefits expressed in terms of their net present values, and,...