Abstract
The field of industrial project evaluation is a relatively new branch of economic analysis, and as such is still in its formative stages. Numerous gaps still exist in the available literature, and in many cases alternative approaches to problems have been suggested which entail differences of concept that are as yet unresolved. These facts have determined the design of this survey. An attempt has been made here to take a constructive and forward-looking approach, focusing on gaps, weaknesses and unresolved issues in the field and attempting to contribute to an improvement of existing procedures wherever possible.
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Notes
In C. A. Anderson and M. J.Bowman, eds., Education and Economic Development Chicago: Aldine, 1965.
United States Inter-Agency Committee on Water Resources, Proposed Practices for Economic Analysis of River Basin Projects Washington, D.C.: U.S. Government Printing Office, 1958, p. 24.
J. Tinbergen, The Design of Development Baltimore: Johns Hopkins University Press, 1958, pp. 40, 42.
Otto Eckstein, Water Resource Development: the Economics of Project Evaluation Cambridge, Mass.: Harvard University Press, 1958, pp. 99–100.
See also J. V. Krutilla and O. Eckstein, Multiple Purpose River Development Baltimore: Johns Hopkins University Press, 1958.
See Stephen A. Marglin, ‘The opportunity costs of public investment’, Quarterly journal of Economics Cambridge, Mass.: Harvard University Press, May 1963.
Kenneth J. Arrow, ‘Discounting and public investment criteria’, paper presented at the 1965 Western Resources Conference, Seminar on Water Resources Research, 6 July 1965.
See Pierre Massé, Optimal Investment Decisions Englewood Cliffs, N.J.: Prentice-Hall, 1962, pp. 10–20.
see Irving Fisher, The Theory of Interest, New York: Macmillan, 1930.
See, for example, R. M. Solow, ‘Technical change and the aggregate production function’, Review of Economics and Statistics August 1957.
and E. F. Denison, The Sources of Economic Growth in the United States and the Alternatives Before Us, New York: Committee for Economic Development, 1962.
See United States President’s Materials Policy Commission, Resources for Freedom Washington, D.C.: Government Printing Office, 1952, vol. II, chap. 22.
See H. B.Chenery and Paul G. Clark, Interindustry Economics New York: Wiley, 1959, chap. 11.
See Ernesto R. Fontaine, ‘Un analisis de los costos y beneficios sociales de la industria azucarera nacional, S.A.’, in Estudios de Economia Santiago: Catholic University of Chile, 1961, pp. 31–32.
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© 1972 Arnold C. Harberger
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Harberger, A.C. (1972). Survey of Literature on Cost-Benefit Analysis for Industrial Project Evaluation. In: Project Evaluation. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-01653-2_2
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DOI: https://doi.org/10.1007/978-1-349-01653-2_2
Publisher Name: Palgrave Macmillan, London
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