Research On The Cost-effectiveness Of Public Participation In Decision-Making Of Public Projects

Under the socialist democratic system, public participation has become a universaland widespread activity, the depth and breadth of public participation has play a veryimportant indicator to measure the country’s democratization process. Public projects asthe basis for social production and social life, play an vital role to keep economydevelop steady and social healthy. Public participation in decision-making of publicprojects is very important both for the democratic and the harmonious societyconstruction. However, the public is not widely participating in the decision-making ofpublic projects in China. One important reason is that the public involved in thedecision-making of public investment projects may lead to increasing in decision costsand inefficient of decision-making, also the effectiveness for public participation indecision-making of public investment projects is difficult to evaluate. Therefore, thisarticle from the perspective of cost-effectiveness analysis of public participation in thedecision-making of public investment projects has a certain practical significance.The paper analyzes the relevant theoretical concepts of public participation indecision-making of public projects and its cost-benefit analysis. The essay explains theconcepts like public investment projects, public, public participation, and cost-benefitanalysis, for better understanding of the paper. Understanding of the concepts, thisarticle from public participate and public participate in cost-benefit analysis two aspectsdiscuss the theory. On the basis of the concept and theory of public participation, thearticle from economic aspects, social aspects, and institutional aspects introduce thecosts and benefits of public participation in the decision-making of public investmentprojects, analysis the costs and benefits of public participation in different stages, andwhy to conduct cost-benefit analysis. Then the paper gives a specific model ofcost-benefit analysis, to deeper explain the cost-benefit analysis of public participationin decision-making of public investment projects. Then, has a rough understanding ofcost-effectiveness of public participation, the article respectively from deepening publicunderstanding the concept of cost-benefit analysis, optimizing the policy environmentof public participation and controlling public participation in the appropriate levels.