Project Appraisal and Macroeconomic Policy

Introduction The social appraisal of projects can be defined as an appraisal in which projects are analysed from the perspective of society as a whole. In Chapters 3 to 7 society will be taken to mean 'nation'. In Chapter 8 some remarks ...

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Author: T. van der Burg

Publisher: Springer Science & Business Media

ISBN: 9789400900332

Category: Business & Economics

Page: 168

View: 167

Environmental economics addresses the issues that arise on the boundaries between economic systems and natural systems, such as pollution and natural resource de pletion and degradation. Like any other branch of applied economics, it has drawn its tools and techniques from the wide range already available in economics gener ally, selecting, adapting and extending these to meet its own particular requirements in its own particular context. Here, as elsewhere in economics, public policy analy sis requires quantitative assessments of the economic impact of different policy choices. Perhaps the most distinctive contribution of environmental economics has been the development of techniques for the economic valuation of environmental goods and services in the absence of markets for such goods and services, or in the presence of markets that are at best imperfect or incomplete. Nevertheless policy analysis still relies on one or another of three broad groups of methods used in eco nomics generally. One is project appraisal, which at the micro level provides an evaluation ofthe costs and benefits ofinvestment options to inform the choice among them, while at the macro level policy analysis rests either on computable general equilibrium (CGE) models or on economy-wide macroeconometric models. All models are simplifications, designed to focus attention on the important fea tures ofthe problem at hand, and neglecting other features that might for a different problem assume greater importance.

Cost benefit Analysis and Project Appraisal in Developing Countries

Pearce , D. and C. Nash ( 1981 ) , The Social Appraisal of Projects : a text in costbenefit analysis , London : Macmillan . Savvides , S. ( 1994 ) , ' Risk analysis in investment appraisal ' , Project Appraisal , 9 ( 1 ) .

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Author: Colin H. Kirkpatrick

Publisher: Edward Elgar Publishing

ISBN: 1782541004

Category: Business & Economics

Page: 340

View: 854

The techniques and methods of project appraisal in developing countries have been considerably expanded and refined since they were first introduced in the late 1960s. This up-to-date and authoritative survey volume demonstrates the ways in which cost-benefit analysis has developed in response to changes in economic circumstances and conditions over the past three decades. An international group of academic and professional economists covers areas including problems in the practical application of cost-benefit techniques by international agencies, the treatment of income distribution, discounting, the effects method, the logical framework as a complement to project appraisal, aid tying, risk criteria in decision making, benefit valuation in the water sector, the appraisal of technical assistance projects, privatization in transition economies and shadow pricing in transition economies. Professor Kirkpatrick and Professor Weiss have prepared an insightful overview essay introducing the broad selection of work presented in this volume.

The Social Appraisal of Projects

In practice full compensation is not paid , especially since , when one is choosing between projects as is most usually the case in project appraisal , this would have to include compensation for benefits forgone as a result of non ...

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Author: David William Pearce

Publisher: Halsted Press

ISBN: UCSC:32106015869453

Category: Cost effectiveness

Page: 248

View: 262

ITF Round Tables Improving the Practice of Transport Project Appraisal

Neuberger, H. (1971), User benefit in the evaluation of transport and land-use plans, Journal of Transport Economics and Policy, 5 (1). Pearce, D.W. and C.A. Nash (1981), The Social Appraisal of Projects – A Text in Cost-Benefit ...

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Author: International Transport Forum

Publisher: OECD Publishing

ISBN: 9789282103081

Category:

Page: 112

View: 645

This report examines the extent to which shortcomings in cost-benefit analysis for tranport projects can be addressed, focusing on equity and distributional impacts, agglomeration benefits and external costs. It also shows how best to present guidance on project selection to decision makers.

A Triple Bottom Line Approach to Advanced Project Evaluation

Figure 9.2 Life cycle sustainability assessment model ͻ Land costs ͻ Construction costs ͙ Environmental LCC ͻ ... have made a significant effort to standardise the social appraisal of projects (UNEP/SETAC 2009; BSI 2014; OrlowsNi et al.

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Author: Grace Ding

Publisher: Cambridge Scholars Publishing

ISBN: 9781527548282

Category: Architecture

Page: 213

View: 256

The concept of ‘the triple bottom line’ has recently emerged to describe a new framework for development aimed at achieving economic and social balance while maintaining the long-term integrity of ecological systems. This requires measuring not only the economic viability of projects, but also their impact on the environment and their contribution to society. We live in a world where most people are aware of the importance of our environment. The way in which this realisation came about has, in hindsight, not been as simple as could have been expected. Systematic evaluations of the economic viability of projects using discounting date back to the beginning of the last century and are something which has been readily accepted, especially over the last few decades. However, an integrated approach, including environmental and social aspects, is much more recent, and even now, the methods and methodologies for such an approach are still being developed. This volume details the state of the art of the development towards the triple bottom line. It indicates where there is still debate about fundamental principles, where theory has been overlooked in the name of convenience, and where there are still unresolved problems. The discussions provided here will serve to provide a more detailed understanding of what we do in our calculations, what they mean and the limitations thereof.

Transport Project Evaluation

Revisiting traditional evaluation methods such as cost-benefit analysis, this book tries to find a balance between the ever-increasing demand for transport solutions and the limited means governments are able to invest in transport projects ...

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Author: Elvira Haezendonck

Publisher: Edward Elgar Publishing

ISBN: STANFORD:36105124101937

Category: Business & Economics

Page: 227

View: 392

Revisiting traditional evaluation methods such as cost-benefit analysis, this book tries to find a balance between the ever-increasing demand for transport solutions and the limited means governments are able to invest in transport projects.

Sustainability Appraisal

linking principles to steps and activities of the process and moving beyond projects to consider policies, plans and programmes (much promoted in the literature). • International Principles for Social Impact Assessment issued by IAIA ...

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Author: Barry Dalal-Clayton

Publisher: Routledge

ISBN: 9781136483905

Category: Political Science

Page: 852

View: 507

Sustainability Appraisal is a sourcebook of the state-of-the-art of this rapidly emerging and diversifying area. It draws on a wealth of international experiences and approaches to illustrate the status and scope of Sustainability Appraisal/Assessment (SA) This comprehensive guide highlights how SA can be used to analyse and integrate the key environmental, social and economic pillars of sustainability into decision-making at all levels, from policy to project to investment, by government, business and industry, or international organizations. Distilling both published and unpublished materials, and with contributions from a range of leading experts, organizations and agencies, this book will be of significant value to professionals everywhere who are in need of a solid, reference guide to what constitutes SA practice and, more importantly, how and when it can be applied.

Investment Project Design

The guide Includes descriptions of specific methods of financial and economic analysis for new investments and for expansion of an existing enterprise Covers project risk assessment, mitigation and avoidance Provides real-life case studies, ...

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Author: Lech Kurowski

Publisher: John Wiley & Sons

ISBN: 1118015150

Category: Business & Economics

Page: 480

View: 143

Make more informed project investment decisions by knowing what issues to examine in the planning process and how to analyze their impacts Poor or insufficient planning is primarily responsible for the inordinate number of idle and rusting capital facilities around the world, with investment decisions often made on the basis of either intuition or inadequate analysis. Investment Project Design: A Guide to Financial and Economic Analysis with Constraints alerts potential investors and other stakeholders to precipitous changes in the investment milieu as a result of constraints on resources and infrastructure, economic and political turmoil, and population growth. The guide Includes descriptions of specific methods of financial and economic analysis for new investments and for expansion of an existing enterprise Covers project risk assessment, mitigation and avoidance Provides real-life case studies, adapted for presentation, and addresses the design of projects large and small, as well as those in both private and public sectors Features spreadsheet layouts and computations Investment Project Design is the ultimate resource in the methods of designing and appraising investment projects