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Author: Shantayanan Devarajan
Publisher: World Bank Publications
ISBN:
Category : Economic development projects
Languages : en
Pages : 36
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Book Description
Author: Shantayanan Devarajan
Publisher: World Bank Publications
ISBN:
Category : Economic development projects
Languages : en
Pages : 36
Get Book Here
Book Description
Author: Shantayanan Devarajan
Publisher:
ISBN:
Category :
Languages : en
Pages : 36
Get Book Here
Book Description
The authors focus on two ...
Author: Shantayanan Devarajan
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
The authors focus on two broad questions: 1) what is the proper role for project evaluation in today's world, where countries have reduced major economic distortions and are reconsidering the role of the state? and 2) besides project evaluation, how else can economic analysis ensure high-quality projects? The authors argue for a shift in the emphasis of project evaluation away from a concern with precise rate of return calculations to a broader examination of the rationale for public provision. In this context, three areas critical for proper project appraisal are the counterfactual private sector supply response, the fiscal impact, and the fungibility of lending. (1) Counterfactual private sector supply response. Any type of cost-benefit analysis - be it in the public or the private sector - requires the project evaluator to specify the counterfactual: what would the world have looked like in the absence of the project? Since World Bank projects are public sector projects, the relevant counterfactual involves assessing what the private sector would have otherwise provided, and the relevant magnitude for evaluation purposes is the net contribution of the public project. Failure to consider explicitly the private sector counterfactual during evaluation biases the lending mix of the Bank away from projects with strong public good characteristics toward projects with private good characteristics. (2) Fiscal impact. Applying the private sector couterfactual would lead the Bank to undertake projects with a reasonable case for public intervention, such as basic infrastructure, primary education, and rural health. These projects typically share the characteristics that costs are borne by the public sector while benefits are enjoyed by the private sector. But in the absence of nondistortionary, lump sum taxes, there is likely to be a positive marginal cost of taxation and a premium on public income. Since the Bank has not used such a premium and treats public costs and private benefits equally, it has systematically overestimated the net benefits of these projects. (3) Fungibility of lending. Project-specific appraisal can at best assess only the rate of return and the acceptability of the project being appraised. This limitation is problematic because the project might have been undertaken even without Bank financing. If that is the case, the Bank is actually financing some other project - one not subject to appraisal by the Bank - that would not have been in the investment program without Bank financing. This problem arises because financial resources are fungible to some extent. One way to alleviate this concern is to conduct public expenditure reviews before embarking on the appraisal and financing of specific projects. Furthermore, financing a portion of the government's sectoral investment program may be more effective than project-specific lending.
Author: Clive Bell
Publisher:
ISBN: 9789292563356
Category :
Languages : en
Pages : 0
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Book Description
This paper makes the case for the systematic appraisal of public sector projects using shadow prices as the signals of social scarcities. In so doing, it attempts to redress the balance between estimating inputs and outputs, central though that task is, and valuing them correctly. The account of how to estimate shadow prices for this purpose pays particular attention to the social discount rate and how to treat uncertainty at both the project and economy-wide levels. There follows an illustration of the ideas and apparatus in practice using an evaluation of India's large rural roads programme (PMGSY) in connection with a World Bank loan. A discussion of the more general uses of shadow prices in evaluating decisions in the public sector is complemented by a series of proposals for the implementation of systematic procedures for project appraisal in government and international donors.
Author: Pedro Belli
Publisher: World Bank Publications
ISBN: 9780821348505
Category : Business & Economics
Languages : en
Pages : 294
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Book Description
This books presents general principles and methodologies of quantitative risk analysis; provides theory and practice of how to evaluate health, transport and education projects and describes how to assess the environmental impact of projects. It looks at how the tools of cost benefit analysis can be applied from the point of view of the private sector, public sector, bankers, and the country as a whole. It encourages analysts to answer a number of key questions that are likely to increase success rather than simply describing techniques. This book as aimed at all concerned with resource allocation and is presented in an accessible fashion. It is required reading at World bank Institute courses.
Author:
Publisher: World Bank Publications
ISBN: 9780821355763
Category : Political Science
Languages : en
Pages : 470
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Book Description
Involuntary Resettlement Sourcebook: Planning and Implementation in Development Projects clarifies many policy and technical issues that confront resettlement policymakers and practitioners. It provides guidance on resettlement design, implementation, and monitoring, and it discusses resettlement issues particular to development projects in different sectors, such as urban development, natural resource management, and the building of dams. The sourcebook will be useful to a wide range of stakeholders. Its primary audience is resettlement practitioners, who have a role in the actual design, implementation, and evaluation of resettlement programs. The sourcebook will also be of interest to policymakers and project decision makers.
Author: Jeffrey Shantayanan Hammer
Publisher: World Bank Publications
ISBN:
Category :
Languages : en
Pages : 52
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Book Description
Author: David Jensen
Publisher: Routledge
ISBN: 1135918805
Category : Law
Languages : en
Pages : 519
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Book Description
When a country emerges from violent conflict, the management of the environment and natural resources has important implications for short-term peacebuilding and long-term stability, particularly if natural resources were a factor in the conflict, play a major role in the national economy, or broadly support livelihoods. Only recently, however, have the assessment, harnessing, and restoration of the natural resource base become essential components of postconflict peacebuilding. This book, by thirty-five authors, examines the experiences of more than twenty countries and territories in assessing post-conflict environmental damage and natural resource degradation and their implications for human health, livelihoods, and security. The book also illustrates how an understanding of both the risks and opportunities associated with natural resources can help decision makers manage natural resources in ways that create jobs, sustain livelihoods, and contribute to economic recovery and reconciliation, without creating new grievances or significant environmental degradation. Finally, the book offers lessons from the remediation of environmental hot spots, restoration of damaged ecosystems, and reconstruction of the environmental services and infrastructure necessary for a sustainable peace. Assessing and Restoring Natural Resources in Post-Conflict Peacebuilding is part of a global initiative to identify and analyze lessons in post-conflict peacebuilding and natural resource management. The project has generated six books of case studies and analyses, with contributions by practitioners, policy makers, and researchers. Other books address highvalue resources, land, water, livelihoods, and governance.
Author: Kenneth Edward Mitchell
Publisher: Routledge
ISBN: 1351751859
Category : Political Science
Languages : en
Pages : 248
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Book Description
This title was first published in 2001. This detailed empirical study illustrates the different sources of political and economic pressure that combine to produce a process of incremental innovation in Mexican state-society relations. Invaluable to political economists who have a specific focus on Latin America, Mexican politics and public sector reform.
Author: MAO Min
Publisher: Mao Min
ISBN:
Category : History
Languages : en
Pages : 664
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Book Description
The book is about the revival of China in the 20th century and the first decade of the 21st century. It has eight parts: (1) The civil revolution in China, (2) The countryside bases, (3) The Long Match of the Red Army, (4) The Anti Japanese War, (5) Decisive civil battles before the establishment of the People’s Republic of China, (6) The Mao Era before the Great Cultural Revolution, (7) The Great Cultural Revolution, and (8) The Reform and opening up. This version of the book is with pictures.
