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Hunting white elephants on the road: a practical procedure to detect harmful projects of transport infrastructure

Author
Turro, M.; Penyalver, D.
Type of activity
Journal article
Journal
Research in transportation economics
Date of publication
2019-06
Volume
75
First page
3
Last page
20
DOI
10.1016/j.retrec.2019.03.001
URL
https://www.sciencedirect.com/science/article/abs/pii/S0739885918302361 Open in new window
Abstract
The white elephant concept is used to qualify public investments representing a severe misallocation of society's resources or expenditures that can be deemed to reduce the wellbeing of its future members. In the transport sector, white elephants (WEs) are particularly relevant due to the vast amount of resources involved in large-scale infrastructure projects and to their long lifecycle. In most articles on the subject, WEs are major projects showing a certain political or even economic short-t...
Keywords
CBA, IREM, Intergenerational impact analysis, Intergenerational redistribution, White elephant

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