Engineering Economic Analysis Practices for Highway Investment (2012) / Chapter Skim
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To paraphrase a recent study in performance management: Although the bureaucratic tendency in government is often to avoid doing something wrong, economic analyses can demonstrate that public agencies actually do something right. This synthesis has looked at how U.S.
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2 provided reasons why their state highway agency did not use economic analysis on a routine basis. The survey results were used solely as a screening device to identify candidates for case examples and to obtain background information on usage patterns.
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3 • The training of staff and provision of resources such as formal guidelines and websites on economic concepts and methods; and, perhaps most importantly; • The recognition that economic outcomes are an integral part of gauging highway system performance. A component of the study explored the benefits of economic analyses to an agency.
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