National Economic Parameters

Steve Curry and John Weiss
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Steve Curry: Asian Development Bank
John Weiss: University of Bradford

Chapter 12 in Project Analysis in Developing Countries, 2000, pp 300-322 from Palgrave Macmillan

Abstract: Abstract This chapter discusses the national economic parameters (NEP) required for project analysis. Such parameters are ‘national’ in that they apply to all projects regardless of their sector, and they are ‘economic’ in that they reflect the economic value of the items concerned. A typical set of NEP covers CFs for unskilled and skilled labour, some of the main non-traded sectors, some aggregate CFs, such as a consumption conversion factor (CCF) and a standard or what is often termed in these studies the average or standard conversion factor (SCF), and the discount rate. A project analyst can apply these parameters directly to the project under analysis so that, for example, the discount rate or a conversion factor for electricity does not need to be re-estimated for every project. Some economic pricing will still need to be done at the project level, relating to the main project output and key inputs, and probably also to labour. However the existence of a set of NEP allows the project analyst to focus on parameters that are treated most accurately on a specific project-by-project basis.

Keywords: Discount Rate; Primary Factor; Foreign Exchange; Unskilled Labour; Financial Price (search for similar items in EconPapers)
Date: 2000
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-37511-6_12

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DOI: 10.1057/9780230375116_12

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