Publication details

Valuation of the new working places in the Regional Development



Year of publication 2006
Type Article in Proceedings
Conference 4th International Conference for Young Researches of Economics
MU Faculty or unit

Faculty of Economics and Administration

Field Economy
Keywords cost-benefit analysis; economic analysis; shadow prices for the jobs created
Description The paper concerns the setting of the shadow-prices for the costs and benefits of the regional development projects; the cost-benefit analysis as the main methodological framework is used. The article focuses on the most typical item connected with the regional development projects – creation of the new working places (increase of employment). The variables with important impact on quantification of the costs and benefits related to the new working places are analyzed in detail – number of the net jobs created, monthly savings for 1 working place and time period of their calculation. Final results of prepared sensitivity analysis demonstrate high addiction of the economic analysis on size of the use variables, here in all cases (both maximum and minimum limits) have been respected the methodology of the European Commission for CBA. In spite of that changes in the limited area lead to considerably different results and can significantly influence the decision making process based on CBA.
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