The World Price System of Economic Analysis

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

Chapter 5 in Project Analysis in Developing Countries, 2000, pp 101-136 from Palgrave Macmillan

Abstract: Abstract Chapter 4 discussed the need to assess projects from a national point of view 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 forgone by the activities of projects can be defined only in terms of specific objectives, either of governments or of individuals. Most attention has been given to three main objectives: the efficient utilisation of the existing resources of the economy the growth of those resources over time greater equity in the distribution of consumption between different social classes and income groups.

Keywords: Opportunity Cost; Foreign Worker; Project Analysis; Domestic Prex; Market Wage (search for similar items in EconPapers)
Date: 2000
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-37511-6_5

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230375116

DOI: 10.1057/9780230375116_5

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().