Principles of cost-benefit analysis for developing countries

Colin Kirkpatrick, C. Dinwiddy, F. Teal

Research output: Book/ReportBook


This book combines an introduction to welfare economics, a discussion of project appraisal principles in developing countries and a survey of the cost-benefit problems raised by externalities, risk and the environment. There are references throughout to contemporary research work in development economics, and a number of important policy issues, such as trade reform, commodity price stabilisation and the rate of exploitation of natural resources are considered within a unified cost-benefit framework. Part I introduces the basic concepts of welfare economics and includes a review of the underlying microeconomic theory. Part II deals with the traditional concerns of the project appraisal literature: trade policy, the evaluation of public sector production, marginal employment and investment decisions in the face of tax and tariff distortions. Part III examines market failures associated with information deficiencies. -after Authors
Original languageEnglish
PublisherCambridge University Press
ISBN (Print)05214735860521479169
Publication statusPublished - 1996

Research Beacons, Institutes and Platforms

  • Global Development Institute


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