Bibliometric Insights into Three Decades of Cost-benefit Analysis Research

^*Correspondence: Avian Crest*, Department of Finance, Ho Chi Minh City Open University, Ho Chi Minh City 70000, Vietnam, Viet Nam,

Introduction

This article conducts an extensive analysis of three decades of scholarly research on bibliometric mapping within the realm of Cost-Benefit Analysis (CBA). By employing bibliometric techniques, this study evaluates the evolution, trends, and key thematic areas of CBA research. Through an examination of publications, citation patterns, and methodological approaches, this article illuminates the landscape of CBA, highlighting its interdisciplinary nature and contributions to decision-making processes in various sectors. Cost-benefit analysis (CBA) stands as a fundamental tool in evaluating the efficiency and feasibility of policies, projects, and interventions across diverse sectors. Over the last three decades, scholarly interest in CBA has surged, prompting extensive research and exploration of its methodologies, applications, and implications. This article aims to scrutinize the body of literature on CBA through the lens of bibliometric mapping, shedding light on its evolution, key thematic areas, and interdisciplinary connections. The bibliometric analysis traces the trajectory of CBA research from the late 20th century to the present, examining publication trends, influential authors, and prolific journals in the field. The analysis reveals the exponential growth of publications, indicating the increasing significance and relevance of CBA in academia and policymaking circles. Pioneering works by notable researchers, along with the emergence of specialized journals, have contributed to the expansion and consolidation of CBA literature [1].

Description

Exploring the thematic landscape of CBA research unravels its interdisciplinary nature and multifaceted applications. The analysis identifies key themes such as environmental economics, public policy, healthcare, infrastructure development, and social welfare, showcasing the diverse domains where CBA has made substantial contributions. Moreover, the study unveils the interconnectedness of CBA with fields like economics, environmental science, public administration, and engineering, highlighting the cross-disciplinary collaborations fueling CBA research. An examination of methodological approaches employed in CBA research elucidates the evolution of techniques used to assess costs, benefits, and decision-making frameworks. From traditional quantitative models to emerging qualitative and mixed-method approaches, CBA literature reflects the dynamic evolution of methodologies aimed at capturing the complexities of real-world scenarios. Citation analysis reveals influential works and their impact on shaping subsequent research directions, showcasing the intellectual lineage within the CBA domain [2]. The influence of CBA research on decision-making processes in government, business, and academia is profound. Through evidence based analysis, CBA has informed policy formulation, project prioritization, and resource allocation strategies across various sectors. The integration of CBA principles into decision-making frameworks underscores its significance in fostering efficient resource utilization and societal welfare enhancement. Despite its contributions, CBA encounters challenges related to data availability, methodological complexities, and ethical considerations. Future research avenues involve addressing these challenges, enhancing methodological robustness, incorporating dynamic modeling techniques, and fostering interdisciplinary collaborations to tackle complex societal issues [3]. The landscape of CBA methodologies has evolved significantly over the past three decades. Traditional quantitative approaches, focusing on monetary valuation of costs and benefits, have been augmented by qualitative and mixed-method frameworks. This integration has allowed for a more comprehensive assessment, considering non-monetary factors, such as social impacts, environmental sustainability, and intangible benefits. Emerging trends also encompass the incorporation of behavioral economics and risk analysis techniques into CBA, aiming to capture uncertainties and human behavior in decision-making processes. The interdisciplinary nature of CBA research is evident in its collaboration with various fields [4]. For instance, the intersection of economics with environmental science has fostered research on environmental CBA, evaluating the economic impact of environmental policies and projects. Similarly, collaborations between health economics and public policy have led to advancements in healthcare CBA, assessing the costs and benefits of healthcare interventions. These cross-disciplinary connections signify the synergy between diverse fields in addressing complex societal challenges through CBA [5].

References

1. Chen, Wei, Yong Geng, Shaozhuo Zhong and Mufan Zhuang, et al. "A bibliometric analysis of ecosystem services evaluation from 1997 to 2016." Environ Sci Poll Res 27 (2020): 23503-23513.

Google Scholar, Crossref, Indexed at

2. Clarke, Jane. "What is a systematic review?." Evid Based Nurs 14 (2011): 64-64.

Google Scholar, Crossref, Indexed at