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Scientific journal “Vestnik NSUEM”

2019 year, number 4

PROBLEMS IN THE ASSESSMENT OF LARGE-SCALE PROJECTS

K.P. Gluschenko1,2
1Institute of Economics and Industrial Engineering of the Siberian Branch of the RAS, Novosibirsk, Russian Federation
2Novosibirsk State University, Novosibirsk, Russian Federation
Keywords: мегапроект, общественная эффективность, инвестиции, оптимистическое смещение, макроэкономическая модель, фундаментальная неопределенность, megaproject, social efficiency, investment, optimism bias, macroeconomic model, fundamental uncertainty

Abstract

This paper analyzes problems revealed by practice of implementation of large-scale projects (megaprojects). It discusses features of large-scale projects, namely, their impact on the whole economy and high uncertainty regarding conditions of their implementation, as well as possibilities of the standard approach to assessing social efficiency of investment projects to adequately take account of these features. Some ways to solve the problems under consideration are proposed.