Project Appraisal in Developing Countries

  • Bela Balassa


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.


Optimal Policy Foreign Exchange Shadow Price General Equilibrium Model Project Evaluation 
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Copyright information

© Bela Balassa 1974

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  • Bela Balassa

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