The Measurement of Indirect Effects in Project Appraisal

Imperative for growth is dominating the present economic conditions also influencing decision-making to a large extent. Therefore, the analysis of economic impacts plays a more and more significant role in the selection of transport projects. However, ex-ante project appraisal is facing an increasing problem concerning the measurement of indirect economic effects. This paper aims to investigate the accurate way of quantifying such benefits via the analysis of theoretical issues, the review of existing approaches and a case study.