For over fifty years project analysis techniques have been applied in the assessment of development projects where poorly designed and appraised projects can waste scarce resources. This study examines the continued relevance of this approach, assesses methodological developments over this period and investigates current practical problems in the application of these techniques.
This major work brings together authors with experience of both academic and operational project work to focus on issues such as the shadow exchange rate, the shadow wage, the discount rate and assessment of poverty impact and risk, as well as problems relating to specific sectors covering environmental projects, transport, education and health. There are also general chapters on the experience of semi-input–output-based estimation of shadow prices and the relevance of shadow pricing techniques to the context of developed economies in the EU. An overview by the editors sets out the evolution of the literature and highlights current issues. The general conclusion is that project analysis techniques remain relevant, albeit within a very different development context to that in which they were originally envisaged to be applied.
With new perspectives on key economic parameters, this book will appeal to academics working on development, officials involved with project aid programmes, postgraduate students of development and professional economists working on development projects.
|Publisher:||Elgar, Edward Publishing, Inc.|
|Product dimensions:||6.10(w) x 9.10(h) x 0.70(d)|
About the Author
Edited by John Weiss, Professor of Development Economics and Associate Dean, Research, University of Bradford, UK and David Potts, Senior Lecturer, Bradford Centre for International Development, University of Bradford, UK
Table of Contents
1. Editors’ Introduction
David Potts and John Weiss
2. Estimating a Shadow Exchange Rate
3. Shadow Wages Rates in a Changing World
4. Semi-Input–Output Methods of Shadow Price Estimation: Are They Still Useful?
5. Projects and the MDGs: Estimating Poverty Impact
6. Projects and Risk
John Weiss and Keith Ward
7. Discounting: Does it Ensure Intergenerational Equity?
8. Environmental Valuation
9. Assessing the Benefits of New or Improved Roads
10. Project Appraisal in Health: Cost Effectiveness Approaches
11. Measuring Benefits from Education
12. Cost–Benefit Analysis Traditions: The Approach of EU Regional Policy
Massimo Florio and Silvia Vignetti