Abstract
The paper deals with some theoretical issues related to project appraisal in developing countries. It examines criteria for project appraisal under alternative policy assumptions: (a) optimal policies are applied throughout the economy, (b) non-optimal trade policies are applied but these will give place to optimal policies by the time the project is implemented, and (c) nonoptimal policies will continue to be applied during the lifetime of the project.
The author is Professor of Economics, The John Hopkins University, Baltimore, and Research Director, The World Bank, Washington, D.C. This paper was written as part of a consultant arrangement with the World Bank. It should not be deemed, however, to represent the Bank’s views. The author acknowledges helpful comments received from G. B. Baldwin, E. Lerdau, S. Reutlinger, and D. M. Schydlowsky.
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References
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© 1974 Bela Balassa
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Balassa, B. (1974). Project Appraisal in Developing Countries. In: Sellekaerts, W. (eds) Economic Development and Planning. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-01933-5_2
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DOI: https://doi.org/10.1007/978-1-349-01933-5_2
Publisher Name: Palgrave Macmillan, London
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