Principles of Cost-Benefit Analysis for Developing Countries

by Caroline L. Dinwiddy, Francis J. Teal

Overview

The book presents the theory of cost-benefit analysis and applies this theory to contemporary problems of development economics. It is distinctive in that it combines an introduction to welfare economics and project appraisal with a discussion of current issues in development economics such as structural adjustment policies, commodity stabilization programs and environmental issues. The book assumes a basic economic understanding and should be a useful text and also of interest to public policy administrators.

Product Details

ISBN-13:	9780521473583
Publisher:	Cambridge University Press
Publication date:	01/26/1996
Pages:	304
Product dimensions:	6.14(w) x 9.29(h) x 0.91(d)

Table of Contents

Part I. Introduction to Welfare Economics: 1. Measuring changes in economic welfare: consumer and producer surplus; 2. Consumers and producers: some basic theory; 3. Welfare change in general equilibrium; 4. Equity and efficiency; Part II. Project and Policy Appraisal in Developing Countries: 5. Project appraisal: an overview; 6. Shadow prices for traded and non-traded commodities in an open economy; 7. Trade policy, exchange rates and structural adjustment; 8. Labour markets in developing countries; 9. The social value of labour; 10. Intertemporal costs and benefits (1): a market-based approach; 11. Intertemporal costs and benefits (2): a social planning approach; Part III. Missing Markets: 12. Externalities and public goods; 13. Risk and the measurement of welfare change; 14. Natural resources and the environment; Retrospect.