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dc.contributor.authorJarosiński, Krzysztof-
dc.identifier.citationJarosiński, K. (2021). Cost-effectiveness analysis (CEA) of public investment projects. European Research Studies Journal, 24(3B), 769-786.en_GB
dc.description.abstractPURPOSE: The aim of the article is to investigate the conditions and possibilities of wider use of methods of cost-effectiveness analysis of investment projects in the public sector, and to assess the role in decision-making in the conditions of crisis phenomena, in particular the risk of excessive budget deficit and public debt.en_GB
dc.description.abstractDESIGN/METHODOLOGY/APPROACH: The concept of the article refers to the changes in the global economy and in the public finance sector in the face of the crisis. As part of the research, negative economic and social changes were observed. In 2020, many countries saw a significant decline in the value of GDP, with a simultaneous increase in the budget deficit and public debt. This resulted in changes in the financing of public tasks. Research proves that there is a need to improve the efficiency of public spending and a wider use cost-effectiveness analysis.en_GB
dc.description.abstractFINDINGS: During the research, it was noticed that in the changing economic conditions it is justified to pay attention to increasing the efficiency of public investment projects and to a wider use of cost-effective methods of project analysis. The importance of this group of methods is related to the possibility of analyzing and evaluating projects for which it is not possible to measure the achieved effects in monetary terms. It was noticed that public investment projects, especially small ones, were not always analyzed and assessed. A broader and precise application of cost effectiveness analysis (CEA) can lead to the improvement of economic efficiency in the wider social dimension. The effects of crisis phenomena may be long-term, as indicated by the results of prospective studies.en_GB
dc.description.abstractPRACTICAL IMPLICATIONS: The use of CEA can disseminate research methods and improve efficiency where other research is often impossible.en_GB
dc.description.abstractORIGINALITY/VALUE: The article is an attempt to draw attention to the need to improve the effectiveness of public funds in the conditions of crisis phenomena. The practice has not always been related to examining the effectiveness of public spending, especially those of less value.en_GB
dc.publisherUniversity of Piraeus. International Strategic Management Associationen_GB
dc.subjectFinance, Publicen_GB
dc.subjectPublic investments -- Cost effectivenessen_GB
dc.subjectGross domestic producten_GB
dc.subjectDecision makingen_GB
dc.titleCost-effectiveness analysis (CEA) of public investment projectsen_GB
dc.rights.holderThe copyright of this work belongs to the author(s)/publisher. The rights of this work are as defined by the appropriate Copyright Legislation or as modified by any successive legislation. Users may access this work and can make use of the information contained in accordance with the Copyright Legislation provided that the author must be properly acknowledged. Further distribution or reproduction in any format is prohibited without the prior permission of the copyright holder.en_GB
dc.publication.titleEuropean Research Studies Journalen_GB
Appears in Collections:European Research Studies Journal, Volume 24, Issue 3B

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