Given that these mega-projects have a 30-year horizon for the cost/benefit analysis, it would be helpful to see a chart with data a lot earlier than 1997.
Realize, also, that the ‘Great Recession’ accounts for a good portion of the time of this dataset.
In other words, the slope of their projections may be justified by historical data crime previous decades, and while they are trying to adapt numerically, the formula hasn’t changed.
If we go back further in history, we could see if that formula is justified.
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