Savings and Income Distribution
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As noted earlier projects can contribute to different objectives. The shadow pricing system discussed so far uses a definition of opportunity cost based on income foregone from the use of existing resources. However, in the 1970s considerable attention was given to showing how the effects of projects on the growth of income over time and on living standards of poorer groups could be incorporated in project analysis.
KeywordsDiscount Rate Income Distribution Average Consumption Weighting System Shadow Prex
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