Social Cost-Benefit Analysis
Social cost-benefit analysis (SCBA) appraises public investment projects from the standpoint of society as a whole rather than a private investor. It values inputs and outputs at shadow prices that reflect their true opportunity cost to the economy — correcting market prices for taxes, subsidies, trade distortions, and unemployment — applies distributional weights to gains accruing to different income groups, and discounts the resulting stream of social net benefits at a social discount rate to obtain a net present social value. The modern framework was systematized by Little and Mirrlees and, in parallel, in the UNIDO guidelines of Dasgupta, Sen, and Marglin.
Rekod sumber
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- Little, I. M. D., & Mirrlees, J. A. (1974). Project Appraisal and Planning for Developing Countries. Heinemann Educational / Basic Books. · ISBN 9780435845001
- Drèze, J., & Stern, N. (1987). The theory of cost-benefit analysis. In A. J. Auerbach & M. Feldstein (Eds.), Handbook of Public Economics (Vol. 2, pp. 909–989). Elsevier. · DOI 10.1016/S1573-4420(87)80009-5
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