Advertisement

World Price System of Economic Analysis

Chapter
  • 59 Downloads

Abstract

The previous chapter discussed the need to assess projects from a national position and introduced the use of different numeraire. However, the concept of opportunity cost used in the economic analysis of projects is more complex than that discussion implied. Benefits created or foregone by the activities of projects can only be defined in terms of specific objectives. Project analysis has generally taken government rather than individuals’ objectives as the basis for the definition of opportunity costs, with most attention given to three main objectives

Keywords

Foreign Exchange Shadow Price Foreign Worker Distribution Cost Shadow Prex 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

Copyright information

© Steve Curry and John Weiss 1993

Authors and Affiliations

  1. 1.Development and Project Planning CentreUniversity of BradfordWest YorkshireEngland
  2. 2.Development and Project Planning CentreUniversity of BradfordWest YorkshireEngland

Personalised recommendations