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Similar to social cost benefit analysis
social cost benefit analysis
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- 2. SCBA 1 2 Social price/ accounting priceis used instead 3 Scba differs from financial analysis tools and also bca ;as scba adopts a social perspective A tool of welfare economics
- 3. Commercial cost benefitanalysis 1 Benefit > cost is desirable here 2 It is nothing but a profitability analysis What will be the costs society may have bear 3 Proposed projects or not consider here4
- 4. What is SCBA? Your text here Real value of a project to society, we must consider the impact of project on society. Positive ( social benefit ) Negative ( social cost ) Your text here We must consider the impact of the project on society Your text here
- 5. Advantages & disadvantages 1Allow for efficient allocation of resources 2 Can be hard to put values to social costs and benefits. 3 Decreases negative externalities. 4 Can be difficult to include all externalities. 5 Costs and benefits can be different for different groups
- 6. SCBA divided intoten sections. Rationale for scba UNIDO approach Net benefit in terms of economic prizes Savings impacts and its value Income distribution impact Adjustment for merit and demerit goods Little – mirrless approach Shadow prices SCBA by financial institutions Public sector investment decisions
- 7. Purpose of costbenefit analysis • To assess the economic efficiency • To decide whether to implement a specific program • To select among competing/ alternative options
- 8. SOCIAL BENEFITS &SOCIAL COSTS SOCIAL BENEFITS Benefits due to reduction of damage to property disbenefits B=B1+B2-DB1 SOCIAL COSTS C=C1-S1Primary sponsors ,costs and savings
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