Table 3 Contributions of federal guidelines to CBA in America
From: The origin of cost–benefit analysis: a comparative view of France and the United States
Year | Document | Contribution |
|---|---|---|
1826 | Report on the Chesapeake and Ohio Canal | Providing the typical analysis approach based on estimate for public investment |
1934 | Report of National Planning Board | Marking the beginning of cost–benefit analysis in America |
1936 | Flood Control Act | Writing the strict cost–benefit rule into law |
1950 | Proposed practices for economic analysis of river basin projects (the Green Book) | Covering all subjects of modern CBA, establishing all cost-based methods for measuring benefits |
1952 | Report of Panel of Consultants to the Bureau of Reclamation | Discussing the issue of secondary benefits |
1952 | Budget Circular A-47 | Including recreation as a category of primary benefits |