Economic Evaluation of Investment Project for Maintenance of Urban Forestry

Naumoski, Aleksandar and Gaber, Stevan and Gaber-Naumoska, Vasilka (2016) Economic Evaluation of Investment Project for Maintenance of Urban Forestry. Journal of Economics and Sustainable Development, 7 (2). pp. 36-50. ISSN (Paper)2222-1700 (Online)2222-2855

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Abstract

The aim of this study is to provide economic evaluation of project for maintenance of the urban forestry undertaken by the Municipality of the City of Skopje in the Republic of Macedonia. The economic evaluation involves comparison of the present values of the estimated future benefits and costs of transplanting large trees. Therefore, here we employ economic benefit-cost analysis to compare the utilized tangible and intangible benefits and the cost of transplanting large trees and to assess whether the benefits to the society are higher rather than the costs and hence to evaluate whether this investment project is acceptable and justified for the society as a whole. Finally, the calculated ENPV and EIRR are presented to provide comprehensive measure for the justification of the project for the society.

Item Type: Article
Subjects: Social Sciences > Economics and business
Divisions: Faculty of Economics
Depositing User: Stevan Gaber
Date Deposited: 13 Oct 2016 12:27
Last Modified: 13 Oct 2016 12:27
URI: http://eprints.ugd.edu.mk/id/eprint/16439

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