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Cost–Benefit Analysis for Developing Countries

Robert J. Brent, Professor of Economics, Fordham University, US
Cost–benefit analysis is a key component in the evaluation of economic development strategies. In this new, updated version of his earlier book, Project Appraisal for Developing Countries, Robert Brent provides a comprehensive and accessible introduction to recent developments in project appraisal.
Extent: 320 pp
Hardback Price: $155.00 Online: $139.50
Publication Date: 1998
ISBN: 978 1 85898 567 1
Availability: In Stock
Paperback Price: $47.00 Online: $37.60
Publication Date: 2000
ISBN: 978 1 84064 442 5
Availability: In Stock
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  • Development Studies
  • Development Economics
  • Development Studies
  • Economics and Finance
  • Development Economics
  • Public Finance
Cost–benefit analysis is a key component in the evaluation of economic development strategies. In this new, updated version of his earlier book, Project Appraisal for Developing Countries, Robert Brent provides a comprehensive and accessible introduction to recent developments in project appraisal.

Cost–Benefit Analysis for Developing Countries interprets, expands and evaluates the principles of project appraisal using the approach recommended by the World Bank. Robert Brent challenges a number of their findings, particularly through the inclusion of the ‘numbers effect’, the number of people affected by a development project, as a separate social objective. The book is based on a combination of sound economic theory and extensive empirical research, and case studies are used throughout to illustrate the theory. The author analyses, from an applied perspective, the most recent developments in project appraisal. He discusses key issues such as:

• structural adjustment lending
• investment criteria
• the basic needs approach
• shadow and market prices
• the social discount rate
• risk analysis.

Cost–Benefit Analysis for Developing Countries will be essential reading for students with an interest in development economics, development studies, public policy and comparative economic systems as well as policymakers and practitioners in international organisations and developing countries.
Contents: Part I: The Essentials of the S & T Approach 1. Introduction to Project Appraisal and Cost–benefit Analysis 2. Investment Criteria 3. Distributional Weights 4. The Social Discount Rate 5. The Shadow Wage Rate 6. Shadow Prices for Traded Goods 7. Shadow Prices for Non-traded Goods 8. The Standard Conversion Factor and the Shadow Exchange Rate Part II: Further Issues in Project Appraisal 9. Comparison of Methods I 10 Comparison of Methods II 11. Allowing for Risk 12. Basic Needs 13. Structural Adjustment Loans 14. Summary, Conclusions and Recent Developments References Index