American International Journal of Social Science

Investment Analysis and Methods of Estimating the Capital Costs in Capital Budgeting at the State Level in the USA
Natalia Ermasova, Dwight Vick

Abstract
The research focus is on the improvements in investment analysis in capital budgeting practices attributable to changes in the macro-economic environment during Great recession. In this study, a survey (2012) was undertaken to report on the current practice of capital budgeting techniques on state level in the USA. This survey attempts to find out whether capital budgeting techniques are used in evaluating capital projects in USA state governments. This study summarizes the results of the author’s survey of 40 states “The Variety of State Capital Budgeting Processes.” The data presented serves as an illustration of the state budgeting system and it may be of value to researches in this field as well as to policymakers in other countries wishing to improve their public investment and capital budgeting systems.

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